Aerot

Bounce off lows

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I'm not usually a fan of these types of pattern trades, but here it seems we have a clear setup for a decent bounce off the recent lows.
Trade active: Stop @ $4466
Comment: added some, moving stop back further to $4450
Comment: removing stop completely, will manually close if needed
Trade active:
Stops were removed because I did not want to get wicked out of my position on quick downward moves. (circled in attached image)
Still no definitive close below neckline - trade remains active/
Trade closed manually: Looks like rejected from break line a second time - majority position closed. Will continue to monitor

Comments

ouch
+1 Reply
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