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/biz/ - Business & Finance

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15259735 No.15259735 [Reply] [Original]

Managed to snag a nice safe long at 9914 USD on Bitmex, 11500 contracts.

Any tips on how long to ride this? Probably I should set my stop-loss somewhere near break even, but what should I target? Should I target the upper range of the descending triangle currently forming or YOLO it and just move stop-loss higher as we go higher?

>> No.15259800
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15259800

>>15259735
>if only we had a prophecy to follow where the exact numbers came true

>> No.15259835

>>15259800

Bitcoin at 87 dollars in Nov 2020? Was this guy smoking crack up his ass?

>> No.15260211

>>15259735
Long since 9671 USD, riding this bounce, but I think we're going lower anon. Will exit this postition when it starts to lose momentum in the next couple of hours.
I think it's to early for a longer timeframe long position, we could easily retest the 9200 USD lows first.

>> No.15260329

>>15259835

Britfag leave

>> No.15260420

>>15260211

Fair enough and I suppose I agree. I will set a 9948 stop loss and and not take profits until 0.05 BTC because Im a potato.