MagnusTradingGroup

Bi-directional Trade Ideas

BITSTAMP:BTCUSD   Bitcoin / Dollar
watch for a breakeout in either direction and trade accordingly.
in case of a breakeout expect the price to reach the indicated targets.
use a stop loss of around 1.5% for optimal Risk/Reward Ratio
look like this baby is going up : ]
target still 365
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I think if BTC goes above $340 that the price will quickly rally above $365. But getting and staying above $340 seems problematic right now therefore I think we will see a test of $300 first.
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