Short

BTCUSD XBT USD SHORT-TERM SHORT PLAY BITMEX

By BitcoinSector

Updated

SHORT BITCOIN

Short from 6800-7000$

Target: 6450$

Note

Note

On the 15 minute Chart you can see how the 200 EMA is working as Resistance and the Price bounced of three times.
We can see a nice rising Wedge also. Everything working out as planned so far.

Trade closed manually

Not 6400$ but 6480$ reached.

50% of my Order closed at 6500 and 50% stopped out on my Entry.

So i am looking at 6900/6500 thats 6.15% Profit x25 leverage = 153% Profit ROE

But only 50% of my Sell Order got filled so the "Real" ROE = 76,5% Profit (50% of 153%)

Expected to do down more but i see bullish divergence (RSI) on the Daily chart,
so for now i will go LONG.

To be clear: I am LONG on Short-term. Im still Bearish on the bigger Picture.

BitcoinSector

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.