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.
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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.
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You can read my latest Bitcoin (BTCUSD) update here:
Your support is truly appreciated.
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We are looking to break $3616 (orange line) to continue moving up. This is BXBT (Which is BitMEX Bitcoin / USD Index).
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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.
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Other profitable trades.
TRXH19:
ETHUSD:
POWRBTC +32%
OAXBTC +64%
ADTBTC +30%
STEEMBTC +32%
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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.