XBTUSD Breakout on bitMEX
In order to benefit from the bitMEX Inverse Swap Perpetual markets, We must take full advantage of the Breakouts.
I achieve this by setting 'Stop Market Orders' I set One just north of the ceiling of the 'squeeze' & One just south of the 'Floor of squeeze'
In the scenario we just witnessed I set my Stop market order to LONG bitcoin @ $7439
& set the other Stop Market Order to Short bitcoin @ $7360 ish.
This works in our favor Bcuz regardless the price goes North, It takes our order, If the price drops Well again it takes our order for an easy 100+ point profit...
Cheers,
I hope this Helps clarify my strategy on bitMEX
I use a 1 & 4 hour candel to draw the 'squeeze ceilings & floors OR some call it a 'Flag OR Pinnet' Regardless. Then to set my Stop Market Orders I use the 5 min candel view to get precisely the right entry prices
I achieve this by setting 'Stop Market Orders' I set One just north of the ceiling of the 'squeeze' & One just south of the 'Floor of squeeze'
In the scenario we just witnessed I set my Stop market order to LONG bitcoin @ $7439
& set the other Stop Market Order to Short bitcoin @ $7360 ish.
This works in our favor Bcuz regardless the price goes North, It takes our order, If the price drops Well again it takes our order for an easy 100+ point profit...
Cheers,
I hope this Helps clarify my strategy on bitMEX
I use a 1 & 4 hour candel to draw the 'squeeze ceilings & floors OR some call it a 'Flag OR Pinnet' Regardless. Then to set my Stop Market Orders I use the 5 min candel view to get precisely the right entry prices
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