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dipdizzywizzle
Jan 20, 2018 10:06 PM

BTCUSD long Long

Bitcoin / United States DollarCoinbase

Description

BTCUSD has hit the necessary checkpoints that I needed to take a trade. It has finally completed another mean reversion and returned to its 52 day SMA mean. It also completed a long overdue 61.8% Fib retracement. Even though its in my buying zone I would prefer to see a deeper dive into oversold territory to feel all warm and fuzzy about this trade. With that being said I an watching for the classic break-check-go setup as my trade trigger. Twice in 2017 BTC did the same thing (returned to the mean, hit 61.8% Fib and got into oversold territory) so this is the trade that I have been waiting on. Remember trade only what you can afford to loose and plan your trade and trade your plan. Thanks to all!
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