kristarling
Long

Bitcoin Trend Continuation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Significant buying pressure over the last 8 hours suggests that $BTC is preparing to break to the upside.

Stoploss placed under previous significant low.
Trade active: Entered long @ 3399.9 on Bitmex

Plenty of technical reasons to be bearish now, but I trade these signals every time they appear because they have a high success rate.
Comment: Up here near 3500 is a great TP 1. Closed some here, might be able to buy back lower
Trade closed manually: Trade closed for a pretty nice profit.

Didn't catch the top, closed a little early at 3642

Bitcoin could easily consolidate for a bit and move up again from here, but that's for another trade.
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