Hello guys,
I've gotten recently out of the macro trading and getting more and more interested in shorter term trading, specially bitmex, as I think there can be some nice gains from it.
The important thing is to not make wild decisions and gambling guesses.
With the ethereum chart, we can see that we're in heavy bear territory, so going long = going against the trend. However, with platforms like Bitmex, going long at the golden retracement fibonacci resistance around 109-110 can almost guarantee us at least a dead cat bounce as a lot of traders will be looking to buy in.
We will take advantage of that, and close our position as fast as we can so we don't take any risk.
Best regards
I've gotten recently out of the macro trading and getting more and more interested in shorter term trading, specially bitmex, as I think there can be some nice gains from it.
The important thing is to not make wild decisions and gambling guesses.
With the ethereum chart, we can see that we're in heavy bear territory, so going long = going against the trend. However, with platforms like Bitmex, going long at the golden retracement fibonacci resistance around 109-110 can almost guarantee us at least a dead cat bounce as a lot of traders will be looking to buy in.
We will take advantage of that, and close our position as fast as we can so we don't take any risk.
Best regards
Comment:
Incredibly interesting turn of events...