Post
Topic
Board Speculation
Re: Bitcoin provided bounce back as I expected!
by
Coin_trader
on 22/08/2020, 01:27:03 UTC

$BTC provided a bounce as expected, which brought me +17.3% profit using x10 leverage. Still holding the part of the Scalping Position as we might get the retest of 12k$ once again.

Margin position can be taken on either breakout of 12k$ Resistance Zone or on the breakout of the 11.650$ Support Zone.


BTC is currently sitting at 11,400$, Is your position already liquidated? I hope your position is safe. That 11,650 is not a strong support and using a x10 leverage is very risky for a downtrend. It's odd to see a chart that use 48hrs time frame which is too late to react IMHO. You put your ascending trend line in a very conservative position too. If you are doing a x10 leverage next time, Make sure that you will wait for confirmation before you enter a very risky position or else you might used smaller leverage.

And also try to use Moving Average to determine support and resistance. Include disclaimer too on your chart. Is this your first time?