IvanLabrie
Long

BTCUSD: Potential rally ahead

BITSTAMP:BTCUSD   Bitcoin / Dollar
1251 13 18
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.
Trade closed: stop reached: Target not hit, profitable long though.
thanks Ivan, I concur
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This cool down will offer a great long entry, I'd like to buy some myself soon.
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showho IvanLabrie
Thanks Ivan. I've been following your posts. Nice work you have out there.
Do you have an entry and stop loss in mind?
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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
You can close partially when it retests this week's high.
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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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