mongacoin

Good BTC risk reward long setup

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BITFINEX:BTCUSD
Type: Long
Entry: 7389 - 7298
Stop: 7201
Take Profit: 7888

Back from holiday, short play went well. Now looking for an ABC setup and a quick bounce setup.
Looking to dip buy and buy into the panic selling.

Looking at support and resistance level and fib levels for reaction on various levels. Will monitor an adjust but so far that is the level I picked to go for a bounce play.
Trade active: Bids all filled, lets see how this trade playout
Trade closed: stop reached: Got stopped out, couldn't monitor the trade properly over the weekend. Notice it touch previous support levels and became resistance. Indicating that there isn't strength with no volume follow thru.

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