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abztrdr
Jun 4, 2018 2:17 PM

Bitcoin gave some back, time to long? Long

Bitcoin / DollarBitfinex

Description

Excuse the lack of reasoning, however:

Quick, simple and pretty obvious BTC long opportunity.

Comment

Adjusted initial buy zone a little higher due to bottomed out indicators, will be filled on Sept bmex futs.

Comment

A last check of the chart before clocking off looks good.

Higher low and indicators in agreement.

Got an alert set for 7560 and will look to add more.

Comment

Volume flat, althogh sell pressure has reduced.

Comment

Expecting a dip towards 7400 before this move up can continue giving 2 higher highs and 3 higher lows.

After the move over the last 6 days, this dip is pretty healthy with the entire crypto mcap only dropping ~10bln from its local high.

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