Bitcoin; BTCUSD Last valiant chance to go long with stop close
Bitcoin
A fantastic point perfect test of the parabola has held up
Bitcoin so far. It's rallied to 7150 and stopped, coming back
down to give a buying opportunity close to 7080, so look to
buy as close as possible witha stop under 7050.
If this ends up failing, we've had a valiant try and a faily small
loss compared to potential gains if this is the to be the low.
And if it isn't please refer to earlier comment for shorting
strategies.
A fantastic point perfect test of the parabola has held up
Bitcoin so far. It's rallied to 7150 and stopped, coming back
down to give a buying opportunity close to 7080, so look to
buy as close as possible witha stop under 7050.
If this ends up failing, we've had a valiant try and a faily small
loss compared to potential gains if this is the to be the low.
And if it isn't please refer to earlier comment for shorting
strategies.
Comment:
this is a low risk high reward entry. If it's the low we'll be very happy, if not , mildly disappointed, but ready to short to win back that small loss as per earlier comments today. for sure this bad. But it hasn't broken down yet...we need to be ready for that eventuality though should it arise...no dogma or strong opinion, just do what the charts are telling us and we should be OK.