BitcoinLong
Bitcoin buy opportunities
Updated
Bitcoin is traded below middle band of the channel DC - so appears higher probability of going down to lower band of the channel DC ~6006 during the next week.
Generally, I think there is no good entry for longs/shorts at current levels - that's why I prefer to go with split position at lower levels, with these longs: 6166 and 6066 (at Bitmex).
Also, keep in mind that price differs at Bitfinex (current 6585) and at Bitmex (current 6385) - making it 200 points of spread.
So, long entries at Bitfinex would be higher by 200 points: 6366 and 6266.
Planned leverage is 2x and 5x.
Trade safely.
Generally, I think there is no good entry for longs/shorts at current levels - that's why I prefer to go with split position at lower levels, with these longs: 6166 and 6066 (at Bitmex).
Also, keep in mind that price differs at Bitfinex (current 6585) and at Bitmex (current 6385) - making it 200 points of spread.
So, long entries at Bitfinex would be higher by 200 points: 6366 and 6266.
Planned leverage is 2x and 5x.
Trade safely.
Trade active
Long 6366 at Bitfinex has triggered.The second possible is 6266.
Also, at Bitmex I have two other possible longs 6166 and 6066.
SL at Bitfinex would be 6066 and at Bitmex at 5966.
Trade active
For long 6366 (at Bitfinex) I will look at action at the middle band of the channel DC ~6410, then I expect an upward movement on U/DC ~ 6700-6800. After (if) price is fixed above M/DC 6450 - I would move stop to B/E.I do not cancel pending longs:
- open 6266 (Bitfinex), stop 6066;
- open 6166 and 6066 (Bitmex), stop 5966.
At weekly TF - we have L/DC at ~ 5750, as well as upward support for EMA91 ~6170; and now also Bitcoin will be supported by SMA100 ~5710.
Observing.
Trade active
Yesterday at Bitfinex bitcoin went down to 6242, and my second long triggered.Now I have 6366 and 6266, TP is 6600-6800, SL at 6066 (after fixing above 6450 - stop would be moved to B/E).
Also, at Bitmex I still have pending longs 6166 and 6066.
Trade active
As bitcoin is fixed above 6450 (at Bitfinex), so for my longs 6366 and 6266 (also at Bitfinex) - I move stop to B/E at 6366.Trade active
Bitcoin reached the range of 6600-6800, in which there are TP for longs. Therefore, I act as follows:
1) For longs 6266 and 6366 I move the stop to 6444.
2) Long 6366 is to be closed:
- 1/3 at 6600 (already closed),
- 1/3 at 6700,
- 1/3 at 6800.
3) Long 6266 - I will keep it active on, in case of an upward breakthrough towards 8000-9000.
Trade closed manually
Longs 6266 and 6366 are closed with trailing stop at 6444.Further, would open pending longs at Bitfinex at 6166 and 6266, and at Bitmex at 6166.
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