IvanLabrie

BTC, Gold, 10 year notes: Update

BITSTAMP:BTCUSD   Bitcoin / Dollar
As I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline.
After this break down, all these instruments are at a major support level once again, and in sync too.

Notes:
snapshot
I'd get out of shorts here and maybe flip long in a few days.

Gold:
snapshot
It might have some more room to fall, but if it makes a higher daily high tomorrow, it is possible to see a rally.
If short, cover half and trail the stop to today's high after the close perhaps.

BTCUSD:
I went long with a small risk position, considering a 10% downside risk as worst case scenario. I used spot, have no stop, and no margin. I also bought ETH with a 20% downside tolerance here.

The plan is to capture the upside in BTC and ETH once they resume the weekly uptrends they are in, and avoid losses in a choppy enviroment in gold             and notes. The trades have been good so far, so try to protect profits first.
We will see volatility , so it's good to be prepared.
Good luck!

Ivan Labrie.
Comment: BTC and ETH longs in profit already.
Comment: Not bad.
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