Stugazi

Bitcoin ETF is unlikely. Now what?

Long
Stugazi Updated   
BITSTAMP:BTCUSD   Bitcoin
8
Two places to open long positions.

Open 1050 with stop at 1000.

Open 920 with a tighter stop at 900.

Bitcoin is still volatile but I believe these are reliable support levels that warrant new long positions.
Trade closed: target reached:
If you had an order placed in that buy range congrats! I didn't and when the ETF was denied I couldn't get into gdax to place an order under 1050. It was 1150 by time I got logged in. Next time have to have that order in place before big news is announced.

At any rate, the idea was good. Poor execution on my part.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.