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Lanmar
Jul 13, 2015 4:24 PM

May be a bumpy ride or temporary traffic. BTCUSD is still a BUY Long

Bitcoin / U.S. dollarBitstamp

Description

Reiterating my buy on bitcoin.
Entry should be within the box.
I've decided to increase my current risk
and extend my stop to 205 in the event that
the current pattern morphs into a rectangular
consolidation, which we know happens often.
In exchange, I am taking a smaller position which inherently reduces my total capital risk.
Comments
oaksacorn
You should change target 1 to 33% of position and see what the rally brings in conjunction with the October 20th IMF announcement that the Yuan is now officially a Reserve Currency with the ability to do oil purchases and trade outside of the dollars realm.
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