I am seeing a trade opportunity for Bitcoin (XBT) based on the hourly time frame and the last candle that closed.
This is a bullish pin bar; marked with a yellow circle on the chart.
The chart already shows the direction, stop loss and target.
If you are interested in this trade... Give me a like and leave me a comment and I will share a full trade (like our ETHUSD, TRXH19, EOSH19 and others). You can find these in the 'related ideas' below this post.
Your support is truly appreciated.
Namaste.
Comment
Here are the details of the trade, I will share several more BitMEX (XBT, TRXH19, ETHUSD & others) trades if we reach 100 likes.
Thanks a lot for the support. ----------
Trade: LONG XBT
Leverage: 25X
Buy In: Up to $3595
Time Frame: 1H
Targets:
(1) $3620 -Reached (2) $3640 -Reached (3) $3666
Stop Loss: Close 1H candle below $3572.
Profit Potential: 49.25% ROE
Capital Allocation: <2.5%. ----
Raise stop loss above buy in price.
Enjoy the profits.
Namaste.
Comment
You can read my latest Bitcoin (BTCUSD) update here:
Your support is truly appreciated.
Comment
We are looking to break $3616 (orange line) to continue moving up. This is BXBT (Which is BitMEX Bitcoin / USD Index).
Comment
We broke above EMA200 (orange line - $3616) and moved up to our next target as mentioned above. This generated a nice 17.75% ROE on 25X leverage.
Comment
Other profitable trades.
TRXH19:
ETHUSD:
POWRBTC +32%
OAXBTC +64%
ADTBTC +30%
STEEMBTC +32%
Comment
Our next challenge is EMA300 (gray line) which is sitting at $3639. If Bitcoin (BXBT) can break and close above this level (preferably above $3645), we can reach our last target.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.