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Long

BTCUSD [REVISED] - 30% Countercyclical Long Trade?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here's a revision to our previous outlook on BTCUSD .

Above $3812 the chart looks a lot more interesting for longs, but below $3473 we'll have an opportunity to cautiously breakout short the market.

Our previous idea can be found here:
Comment: Trade invalidated and we've gone short. I'll post an update soon.
Comment: As promised.. here's an update on the situation following a break of the invalidation level. I'm already short since the break, but I'll post a trade idea once we consolidate a bit and entry/invalidation levels become more clear.
Comment: New thread:
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