Hi people! today I showing u a little trade idea on bitmex.
After a bearish divergence in 1H chart, we had fell straight to ma200 levels, and then a pullback has begun. So now we are looking for a possible AB=CD pattern, which I see a potential trade opportunity. The entry point will be the ma20 crossing ma200 and testing it. If we see volume or a candle confirming it, then it's time to enter. The targets could be the 100% (if we have volume ofc, and maybe even more) or the 61,8% if we don't see good force breaking the 3914.5. A move above 3999 could invalidate this idea.
Entry point: 3950, but we'll see how price behaves.
Leverage:10x
Targets: 3905, 3850, +++
Potential Reward: 11~25%
I'll try to update this idea, hope you like it!!!
Feel free to comment or ask me anything!! Good trade for us!
After a bearish divergence in 1H chart, we had fell straight to ma200 levels, and then a pullback has begun. So now we are looking for a possible AB=CD pattern, which I see a potential trade opportunity. The entry point will be the ma20 crossing ma200 and testing it. If we see volume or a candle confirming it, then it's time to enter. The targets could be the 100% (if we have volume ofc, and maybe even more) or the 61,8% if we don't see good force breaking the 3914.5. A move above 3999 could invalidate this idea.
Entry point: 3950, but we'll see how price behaves.
Leverage:10x
Targets: 3905, 3850, +++
Potential Reward: 11~25%
I'll try to update this idea, hope you like it!!!
Feel free to comment or ask me anything!! Good trade for us!
Comment:
Later I drew a support line, which forming a pattern similar to a rising wedge, and now a close below 3960 could be a good entry for us. Let's see!
Order cancelled:
Unfortunately, today I couldn't trade, in terms this turns to be good because the movement didn't had force enought to go further down.
