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HelloWound
Nov 10, 2013 5:59 PM

To 364 Long

Bitcoin / U.S. DollarMt.Gox

Description

*To 670. 364 profit, 15 risk.

"Objective must be weighed against methods. If the goal is worthy, then the steps taken are worthwhile, even if some of them--on their own--are reprehensible."

Some errors with the chart (as it was rushed): Random trend line, Fibonacci retracement targets pointing downward (they should only be above from a downward move), bad choice in time scale and didn't set the duration of the position to be longer.
Comments
HelloWound
I'm closing this position early. For more information on this decision: tradingview.com/v/hftR190j/
HelloWound
I dangerously underestimated the sentiment. The news is incredibly optimistic with so many stories. As it finally retested 400 I closed my shorts and bought back in.
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