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If the overall Bitcoin market is “sideway turning bullish”, XBTUSD should see some support at $6600 level. At around $7000, I think there is an opportunity to grab a rally to around $8200-8500.
However, if the price collapse and $6600 failed to see support, we will see another crash!
Update: This position is closed at Stop Loss. Crash happened.
| Pair | XBTUSD | |
| Exchange | BitMEX | |
| Action | Buy Stop | |
| Expiry | GMT+8: 15/8/2018 23:59 | UTC: 15/8/2018 15:59 |
| Open Price | 7000 | |
| Stop Loss | 6600 | Trailing stop to breakeven |
| Take Profit | 8140 | Risk-reward ratio: 2.85 |