Kingsley007

Trade the channel, who cares about direction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BT C is on its way down, but that is also where it has to go to re-build momentum.
So,don't try to call it, rather, play the moves, buy anything under 6100,
Start selling at 6700.
Then scale out slowly on its way to 7k+, and wait for RSI get confirmation, and flip sides and short

Unless we pull off a clear reversal, we may still see 3500-4000... from there, the MA's will have all crossed, and this is usually when major momentum builds,
( If that happens, sell the kitchen sink and buy as much as you can )

Trade closed manually: TP @6600, out for now, its looking weak

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