I promised you a Bitcoin (XBT) Short in my last trade idea with your support.
I have two active shorts right now and one is already out of our buy-in range, which is the one with 20X and 133% ROE.
So I will do a new one here for you and I hope you enjoy it.
This is for all of my followers, readers, and supporters that hit LIKE on my last trade idea... Thanks a lot, appreciated.
Bitcoin (XBTUSD) Daily Chart Analysis
Chart:
Looking at the daily chart, Bitcoin hasn't been able to remain above EMA100. It was first rejected strongly by it and recently again and again. We can expect Bitcoin to retrace if it wants to break this resistance to gain more momentum. Bear volume is also strong on the last daily candle.
Note: The arrows on the charts I shared are only meant to show possible direction and not the actual movement of an asset. Focus on the trade rather than the main chart or chart images I share.
Bitcoin SHORT (XBT) by Alan Masters
Thanks a lot for the continued support. Feel free to hit like if you want to now...
Remember that all of my BitMEX are for advanced, smart, strongly minded traders, if you are a beginner please skip BitMEX and go for safer altcoins trades, we have many active and they are generating massive profits for us.
With that said, here is your high-risk, high-reward trade.
...
Trade: SHORT XBTUSD
Leverage: 15X
Buy In: $3995 - $3970
Time Frame: 1D
Targets:
(1) $3811 (2) $3750
Stop Loss: Close 4H above $4067.
Liq. price: $4255.5 Profit Potential: 91.95% ROE (Calculated with buy-in at $3980)
Capital Allocation: <6%.
...
Sending you love now!
Namaste.
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Enjoy the profits.
Your support is truly appreciated.
Additional content: Top 5 Altcoins To Profit From In April 2019
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[B]SPX Crash (LAST WARNING):[/B]
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There can be a third target for this trade around the $3500 - $3650 price range.
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Bitcoin Weekly Update + Altcoins Market Update.
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This is going as planned, remember to secure profits when we hit our targets.
Up to 52.8% ROE (profits) generated so far... More to come.
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SECURE PROFITS. Bitcoin is looking strong, focus on other safer options.
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Bitcoin (BTCUSD) Growing In Strentgh.
Analysis:
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This short is still active and valid. Consider closing it only if it breaks stop loss. ------------------
Trade: SHORT XBTUSD
Leverage: 15X
Buy In: $3995 - $3970
Time Frame: 1D
Targets:
(1) $3811 (2) $3750
Stop Loss: Close 4H above $4067.
Liq. price: $4255.5 Profit Potential: 91.95% ROE (Calculated with buy-in at $3980)