24x long here with bitmex, stops at $9300. Let margin call be your stop loss. Hold it all the way to 15~20k.
The risk/reward of entering is beyond redemption.
FED rate cut tomorrow, first time in bitcoin's history.
Bulls only need to go sideways to breakout, bears will have to drill it down $700 to 9k and still no guarantee of breakdown.
For the bears:
is it worth it to be bearish here after its down 30% from highs already?
For the bulls:
Do you really want to enter here, or you want to enter at 10.1k after the confirmation of A&E bottom?
Once this breaks, it will be the last time bitcoin is ever below 5 digits.
The risk/reward of entering is beyond redemption.
FED rate cut tomorrow, first time in bitcoin's history.
Bulls only need to go sideways to breakout, bears will have to drill it down $700 to 9k and still no guarantee of breakdown.
For the bears:
is it worth it to be bearish here after its down 30% from highs already?
For the bulls:
Do you really want to enter here, or you want to enter at 10.1k after the confirmation of A&E bottom?
Once this breaks, it will be the last time bitcoin is ever below 5 digits.
Note
Stops moved to 9601Note
Stops moved to 9710. Trade is nearly riskless!Note
Move stop loss to 9872. If this doesnt break up, its likely going to chop.Note
Move stop loss to 9957.Note
Take 30% profit into the 10300~10500 spike, there will be many short stops up there. (just in case)Hold the rest of your position to the moon.
Note
Move stops to 11238.Trade closed: target reached
Trade stopped at 15% X 24x gains (360%)Enjoy. Its really that easy, you dont have to trade like a dick.
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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.
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.