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jakeshake
Oct 3, 2015 4:41 AM

Coming up on some higher time-frame trend lines Long

Bitcoin / DollarBitfinex

Description

BTC's body is ready. I'm long and expecting to maintain this gann channel until the historical trend line is breached, then I would expect this to surge up into the next channel.

Conversely if it fails at it's current level, (at time of writing $238.55 on finex) I would expect a despair drop up to five dollars, with a heavy trigger of margin calls at $230. BTC is cray cray, use your stops.

Good luck!

Comment

Closed the long - looking kinda dumpy now.

Could be classic BTCUSD fake-out, though.
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