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Short-trade

BTC Mechanical System System has finally updated its position. Has officially flipped long. Entered with a market buy for 50% of desired position. (will update with adds or stop loss) TPs marked (red) Stop Marked (blue) Waiting on the 6hr to show a long call for confirmation, Then watching for continued confirmations. Will close out if I see strong rejections developing or bearish divergence at a resistance. Will update this thread as position develops. There are plenty of reasons to expect a local bottom and bounce here. But I am in no way saying this is THE bottom. It could be sure. I still have spot orders lower as posted in Discord. This leveraged position covers any missed buys and then some. This is a mechanical system I tinkered with for some time. It is a simple system and it works, though does make losing calls during times of consolidation. And can make early entry calls on the daily. A spike down to my original low idea of 2840-2900 is still possible and would stop me out of this leveraged position. I am following my own Risk system and I highly recommend you develop one for yourself before ever attempting to trade, and if you do not have a risk system trading with leverage is gambling with the odds against you.
BITMEX:BTCUSD.PLong
by Nevermorejk
5
When to buy the dipSo, it seems that the bullmarket continuation scenario is getting more and more unlikely by the day. This scenario would have brought us to 100K sometime this year. However, due to the continued weakness of bitcoin, a bearmarket seems much more likely :( But how can you trade a bearmarket? Well, it seems that one has to wait for the right buying opportunity, when a dip occurs, which goes significantly below the weekly bollinger band. Historically, in the 2014-2015 bearmarket, every time btc dumped strongly below the lower weekly bollinger band, a very strong bounce took place, about 50-100% bounce, every single time. So, trading this market is pretty simple: wait till it dumps below weekly bband, buy, sell at the bounce, after 30-50% rebound, to be on the safe side. Rinse, repeat. Wait for the next dump. And then, in 2019, the low will be reached at some point, and one can start buying good old cheap coins at around 2K :) Because the next bullrun WILL come, starting in 2020 with the halving. The chances for the continuation of the bullmarket this year, are not zero however. They are small, but this scenario is also not completely off the table.
BITSTAMP:BTCUSDShort
by SebastianofMoon
6