mljones

Intraday plan for longs and shorts

mljones Updated   
BITSTAMP:BTCUSD   Bitcoin
Overall looking to fade tests of the triangle from above but projack posted a bullish scenario at:


So I'm thinking I should have a plan to take a long if it presents itself. I think if it makes a B pullback on the way to the head area that might be OK RRR for a long.

Expecting it to be difficult and choppy here. Not at all looking for giant runners.
Comment:
BTC just doing nothing today so I think the idea that it will shoot to 12k is a little premature. Mainly looking for sideways bearishness. Nothing to do, taking an early weekend might make a lot of sense.
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