Updated

short term, short btc! long term go long

Hi guys. not much to say, since market is so sad and gloomy. i just want to say that, we are almost at the end of the bear market,
it looks like it will be done in a month or two. or longest until next march, or april. so time to earn real money would come.
since bitmex price is low now, i will refer to bitmex chart too. short term, shorting btc is safer then going long. check each resistance. short until clear daily bull div
so now, we are making a bearish wedge, which will fall down after some bounce.

Note

if we do not break 6350/6400(bitfinex), in terms of bitmex, we can expect a drop to 5900/6000 earliest Sunday. for now, i think if we touch 5900/6000, it will bounce up to downtrend resistance line at 63/64)bitfinex is 64/65) or even little higher..
so for now, in terms of bitmex, open short: 1st entry 6220~6250/6280~6340/6450(stoploss is 6480, but you can add until 6550). target 5950/6000. 2.open longs:if we go down we can buy at 5950/6000 level targeting 63/64. if we surpass 6570, daily 50 ema, we can cutloss short and switch to go long there. because that means we break the descending triangle.

Note

soon we will see the direction of btc. if we go up, we will go to 6280/6340-60 at most. we drop, we would drop to 5900/6000. if you are in short position, your stoploss should be 6280. if you have more seed money available, more than you invested initially at 6220~6250 level, you can add 6280/6340~60 level, 6430 at most but still win money at retracement. if we drop our target is 5900/6000 bitmex.

Note

ok btc close daily at 6324(bitfinex), so i opened long and sold it. typical trading movement for next days, after btc normally hits 4hr 21EMA. check open, and short positions in this chart.

Note

ok, in terms of rising wedge this play can be possible this week. btc might bottom at 6000 again, in temporary for divergence. so open longs at 6000 area if you use bitmex. it might happen. today 4hr 21ema, ichimoku baseline is reached, tomorrow it will to the same. for now, you can open long from 6180~6205 area targeting 6300 area again.

Turningmecard

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Turningmecard