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Btcdollar

Bitcoin - Zones to watch for a pullbackWell, I was wrong in thinking this was just a bounce - and it's turned out to be a rally to all time highs. So, we have to re-adjust our thesis to the current market conditions, and move on. I don't like chasing candles, and so I haven't fomo'd into BTC yet - I like to buy on the corrections, when there is blood and fear all round. It is in these situations that sellers tend to give the best "deals", as a result of their emotions. Buying into hype is risky, in my opinion, as the opposite happens - buyers overvalue the asset because of their emotions. I'm being patient here. I'm watching these zones for a bounce.
BITFINEX:BTCUSDLong
by UnknownUnicorn897809
Bitcoin - Hedge your altcoins by going longI know I said I expect BTC to have topped for the year, however, it's not impossible that we'll have a little short squeeze following the recent dip. I'm 10x long @ $7270, looking to take profit around 7590-7750, and my stop is located at 7129, which is just below the daily low - I believe if we start breaking that price, we will proceed to have a red day. The reason I'm opening this position, is to hedge against the longs I have on altcoins. Do the same, so that if BTC rallies and we have another altcoin winter, at least you'll make a bit: Trade stats / size: - Capital deployed: 35% - Overall portfolio at risk (stop at 7129, 2% loss at 10x = 20% of 35% of Portfolio): 7% risk - Reward: 15 - 22% www.bitmex.com (Bitcoin Contracts, Margin Trading up to 100x)
BITMEX:BTCUSD.PLong
by UnknownUnicorn897809
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