TradingView
Aerot
Nov 22, 2018 8:41 AM

Bounce off lows Long

Bitcoin / U.S. dollarBitstamp

Description

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
roughsoul
ouch
More