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deniskov
Feb 2, 2018 12:52 PM

BTC catching falling knife Long

Bitcoin / DollarBitfinex

Description

Volume getting huge, going parabolic downwards, signals of a bottom and possible bounce.
Don't buy on margin, but most coins are safe to buy on exchange

Trade active

went long at $8000, already looking like it's bouncing

Comment

massive volume, that was the local bottom, profit targets at $9600 and $10300

Trade closed manually

bounce looks very weak so far, considering taking some profit while it's still above entry point

Trade closed: target reached

First target reached, taking more profit, if you followed this trade you should have about 1/3 of the initial investment still in by now.

Trade closed: target reached

second target reached, take all profit.
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