BitcoinLong
Possible bottom
Updated
Bitcoin hits summer estimated target 3500.
So, I follow my calculation and open long at 3470 (Bitmex) and at 3690 (Bitfinex).
Also weekly SMA182 is at the level of 3415 (Bitfinex) - this means that I set SL below mentioned MA: 3390 (Bitfinex), 3270 (Bitmex).
If SL is triggered - then I will go long around weekly SMA200 at the level ~3130 (Bitfinex).
So, I follow my calculation and open long at 3470 (Bitmex) and at 3690 (Bitfinex).
Also weekly SMA182 is at the level of 3415 (Bitfinex) - this means that I set SL below mentioned MA: 3390 (Bitfinex), 3270 (Bitmex).
If SL is triggered - then I will go long around weekly SMA200 at the level ~3130 (Bitfinex).
Trade active
I would like to see how we start next week - then will give further estimation. Might come to weekly SMA/EMA100 ~5700. But now, let's see how it would develop. Longs 3470 (Bitmex) and at 3690 (Bitfinex) - are active, moving up my stop to B/E.Trade active
Longs 3470 (Bitmex) and 3690 (Bitfinex) - are active. Stop is moved up to 3770 (Bitmex) and 3990 (Bitfinex). Trades are in profit. In case bitcoin continues its upward movement - then targets would be just below weekly SMA/EMA100 around 5500-5700.Trade closed manually
Long 3470 (Bitmex) closed at 3770; long 3690 (Bitfinex) closed at 3990. Leverage 2x made profit +15%.Now I am out of any position. Waiting for some further downward movement to weekly SMA200 ~3100-3200, with possible quick touches down to 2600-2300.
Also LTC waits for me at 20 :-)
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