MoonTrader

Small long to retest highs

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It looks like an ascending triangle could mark the beginning of the small rise I was expecting to re-test the recent highs, touching the long-term downtrend line, which we haven't done yet. These mid-range trades are a bit risky, but the signals are clear enough if it breaks $264. If you take this trade, it would probably be best to keep tight stops at $255-$258.

Comments

i am with you on this one))
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