"Took Profit Into Resistance" by trader chrisdunntv — published May 27, 2014

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Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD)

BITSTAMP:BTCUSD Bitcoin / U.S. Dollar

bitcoin bitcoin btcusd btc

Per my live tweet: https://twitter.com/ChrisDunnTV/status/470495134023692289
closed some of my long position
around $585 when volume started
to dry up around resistance.

I'm still bullish in the short-term, and
might add on pullbacks depending
on news developments and volume .

Well done (I did the same at $580)! I have to say I think you trade very well. Do you think the latest drop will be a minor reversal from the latest boom over the last two days (from $530) or a larger reversal from a week ago ($440)? I am also LT bullish but I have to say I am not too convinced by the general hype of an ATH ($2k-4k) by the end of July? What do you think? PS I saw you were in Scotland recently, hope you enjoyed the pishin rain and heavy winds :p

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