I'm pursuing this trade on Bitmex and Bitfinex as follows
5x Leverage LONG as mentioned with BTCUSD Contract on Bitfinex
5x Leverage SHORT as mentioned with XBTUSD Contract on Bitmex
I'll be leaving 25% of the position open if/once all TPs get filled.
Chart is self-explanatory, I think.
Greens - Targets
Blue - Buy Zone
Red - Stop Loss
5x Leverage LONG as mentioned with BTCUSD Contract on Bitfinex
5x Leverage SHORT as mentioned with XBTUSD Contract on Bitmex
I'll be leaving 25% of the position open if/once all TPs get filled.
Chart is self-explanatory, I think.
Greens - Targets
Blue - Buy Zone
Red - Stop Loss
Note
Since the market is consolidating at the moment, this trade is valid until we see a big movement in either direction.Shouldn't be more than a week wait.
Note
If you trade only on one exchange, assuming it's Bitmex, you could hedge using XBTUSD and XBTH19 contracts both.Note
Long Trade's Initial Entry filled.1st TP has been hit.
5.2% profit at 5x leverage within 12 hours.
Not bad
Trade active
2nd run did pretty well.Filled all the buy orders
TP1 hit again.
Currently 12.5% in profits
Trade closed: target reached
Trade 1 -> Bitfinex LongAll Targets filled.
Crazy pump made us 30% at 5x Leverage.
Trade closed: stop reached
Trade 2 -> Bitmex ShortPlaying Short on Bitmex has paid off, as the pump on Bitfinex was crazier than Bitmex's pump.
It was crazy enough to fill our short orders but stayed much below the previous highs and our SL.
All entries filled.
Waiting patiently for a dump now.
Trade active
Trade 2 still active.Selected the wrong option there.
Note
Delayed pump on XBTUSDLet's see if we get stopped here.
Trade closed: stop reached
Trade 2Got Stopped! Loss (-) 4.15%
But the leftovers on Trade 1 are still going strong.
Long's 40% in profit at the moment. This is fun.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.