Been toying with this idea for a while and figure why not?
Please share tips, ideas etc no matter how asinine you believe them to be. We're here to make $$$ after all.
With that being said let's get the shenanigans underway..
Long xbt (bitcoin) 10x leverage
Buy in up to $3630 with targets of $3800, 4k or Hold.
Stop loss at $3460 on 4H candle for a potential profit of 104% using any derivatives crypto exchange.
We went down to around 2730 before rebounding strongly, but I'm calling this a fakeout rally, largely due to present bond market structure. Basically, industry has very little belief that this rally will be sustained and that there exists a strong chance that we'll retrace...This one goes out to our pal, Boner_18 ;-)
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SHORT S&P 500 (15x leverage from 2800)
Buy in up to 2830 with targets of 2700, 2640 and 2530. Stop loss at 2902
Potential profit of 135%
On balance of probabilities we're going to see the top indice take a dump sometime during the coming 2 weeks.
Now, im normally not a fan of indicators such as MACD and RSI but the signals for the S&P have been historically pretty straight forward and now im seeing the same alerts occur that we saw in previous corrections. Specifically bearish divergence on the MACD and RSI, as well as poor volume coming in.
All combined, am confident we'll peter out some nice profits here. Only thing i see squandering this is if the federal reserve announces (yet) another round of QE...
What will that be now, QE 5?? Too many to count tbh...
Any questions please feel free to ask...
Goog luck GLers and may your trades be prosperous