IvanLabrie
Long

BTCUSD: Potential rally ahead

BITSTAMP:BTCUSD   Bitcoin / Dollar
1243 13 16
2 years ago
I think there is a distinct possibility that Bitcoin will rally strongly in the coming weeks.
Entering long now with a wide stop and/or buying any dip as long as above 232.08 will yield a good risk/reward trade if proved to be valid.

Once this monthly bar closes, we will have confirmation of a monthly uptrend, and we already have a weekly signal in place, while price sits above the mode since the lowest low back in January.

Good luck!

Ivan.
a year ago
Trade closed: stop reached: Target not hit, profitable long though.
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oet.investments
2 years ago
thanks Ivan, I concur
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IvanLabrie PRO
2 years ago
This cool down will offer a great long entry, I'd like to buy some myself soon.
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showho IvanLabrie
2 years ago
Thanks Ivan. I've been following your posts. Nice work you have out there.
Do you have an entry and stop loss in mind?
+1 Reply
IvanLabrie PRO showho
2 years ago
Entry and stop is on the chart.
Try to buy any dip as long as above 232.08 (in Bitstamp).
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IvanLabrie PRO IvanLabrie
2 years ago
You can close partially when it retests this week's high.
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IvanLabrie PRO
2 years ago
This might be behind this move: http://cointelegraph.com/news/114604/good-bitcoin-bad-bitcoin-blockchain-analytics-and-fungibility

I'm really tempted to jump in now, have to figure out the ideal lot size for okcoin futures.
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IvanLabrie PRO
2 years ago
Not doing much but not falling, this thing will rally next week is my guess based on the other world events at play right now.
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IvanLabrie PRO
2 years ago
Looking good.
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NickCoulby PRO
2 years ago
SHES A RUNNER
+1 Reply
IvanLabrie PRO
2 years ago
297 and then 312 should be an easy target for this rally.
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