altcoinbonanza
Long

Grid Trading chart

BITFINEX:BTCUSD   Bitcoin / Dollar
93 0 0
OK. we have had a 6% re-tracement from earlier high of $294. We are about to test this support here at $275.00. Will have to keep close eye here because if we get a bounce off $275 maybe a good point of entry. If the resistance line right below the green thumbs up is crossed then this may also be a good entry point as well.

Very evident here that we are seeing some strength in Bitcoin . Buyers are definitely coming into the trade here and i hope it continues steadily. I have a stop at around $295.00 but if i see serious upward momentum i will set stop higher and tighter.
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