theisland
Long

Breakout - Long BTC

BITFINEX:BTCUSD   Bitcoin / Dollar
316 0 5
Triangle has broken out. With stops at the bottom of the triangle (419), I think this could be the best risk/reward ratio trade of the year. Planning to wait until at least 550, depending on momentum I might wait until 600 or more.
Comment: Healthy correction in play. I wouldn't be worried unless it breaks 420 on spot. It might take a week or two before it breaks 470 again though.
Trade closed: target reached
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