mooshu22
Long

Bounce off $655. Three areas of confluence.

BITFINEX:BTCUSD   Bitcoin / Dollar
227 2 3
I closed a short and opened a long at $655 and will be looking for a retest at $770-780. Where is the next play?
It looks like the right call was more downward pressure. China's fear was too strong. Bitfinex had a good rebound to $685 before more downward pull. Waiting for the next play to present it self!
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I missed that this is also the 61.6 level from 580. Good call. We'll see how this plays out. A lot of fear and hesitation in the market right now.
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