I feel we didn't manage to make a clear break of the downward trendline on the Daily chart, and have just had wave 3 of a downward move that will probly take us to 235 or lower. Anyway, the crash from 254 to 243 is deffoz a wave 3(and not C of a correction), so we need a bit of consolidation before wave 5. Closed most of my shorts(closing rest as we go) and am in BTC for now, looking to lend some of it for 2-3days, then start selling some in anticipation of wave 5 down.
Not aiming to go (futures)long here as the consolidation if it does indeed occur, probly
a. ain't going to be long, or
b. will be too choppy to profitably trade.
Had a very pleasant experience with the 796 inverse futures: perfect for short positions ... go short, and your USD(really CNY) position remains the same so u don't need to add much to keep the position fiat-static, and if the trade goes sour, you need less BTC to post (maint.)margin: result!
The inverse futures are not 50x though, only 20x :-( Oh and support sux(chi dictionary in hand!)
Not aiming to go (futures)long here as the consolidation if it does indeed occur, probly
a. ain't going to be long, or
b. will be too choppy to profitably trade.
Had a very pleasant experience with the 796 inverse futures: perfect for short positions ... go short, and your USD(really CNY) position remains the same so u don't need to add much to keep the position fiat-static, and if the trade goes sour, you need less BTC to post (maint.)margin: result!
The inverse futures are not 50x though, only 20x :-( Oh and support sux(chi dictionary in hand!)