GeorgeTProfit

Long on BTCUSD for a bounce of 61.8 Fib Retracement - Short term

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTFD! - Entering a long position 10x margin, on the 61.8% Fib level. Tight stops are set below $8100 levels. High risk to reward ratio and a highly contrarian trade so beware and definitely use stops. Possible take profit targets are 8600 and 8800 levels. Mt.Gox trustee sell off and general FUD over crypto-regulation is affecting the sentiment as bitcoin reaches critical correction levels. Expecting the bearish sentiment to carry on....

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