Lanmar
Long

From Bear to Bull - BTCUSD

BITSTAMP:BTCUSD   Bitcoin / Dollar
191 2 5
I bought Bitcoin for the first time since I've been watching it from $10 to $1100 and back down to $157 - about 3 years. I'm bullish because it's retraced to a major structural level and rallied 100% since then (down to 150's back to 300). Fundamentally, everything makes sense as well. Nearly every currency is losing a lot of value against the US dollar             - JPY, NZD, AUD, CAD, GBP, EUR, list goes on... All the fiats including gold             . The only "currency" that has held strong since the beginning of 2015 has been Bitcoin . With that said, I am going long with $230 stop. I will look to a build a position on this as long as it does not break any major structure going forward.

Related Ideas

IvanLabrie PRO
2 years ago
Check out my latest update, I think we can short this correction for at least two weeks.
There are discussions about the 1mb transaction limit and whatnot that are weighing negatively on the price, but I believe it's only temporary.
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Lanmar PRO IvanLabrie
2 years ago
This was definitely an aggressive entry. A better price to go long is a strong possibility.. But from my strategy's backtesting I am more profitable entering on aggressive signals, albiet with low risk, rather than waiting for a good price. I prefer to add to a meaningful position if price gets more attractive as long as it's still in the buy zone. Sometimes the best trades are the hardest to take. Those trades have a tendency to never look back once they rally. I'll check it. Thanks for you comment.
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