TradingView
arbtrader
May 19, 2021 10:04 AM

Perfect text book entry for BTC at 200 moving average 40k entry Long

Bitcoin / DollarBitfinex

Description

Price has been on the steady decline over the past few weeks totalling a 40% drop in BTC price since the highs. We have entered a long position at 40k with a mid-long term hold

Looking to scale out position at 80k then 100k and with a longer term goal of around 250K+

we like to keep trading simple so we have been waiting for price to come down to the 200MA and we believe this has presented a fantastic buy entry at 40k.

Happy trading
The Arbtrader
Comments
arbtrader
We have gone in again at 31k. massively over sold and second attempt to re enter and build up position again
More