orvilleawright

BTCUSD (Daily) - Took profit of $1800

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Took profit of $1800 on 1/4 of my short position. The stop loss on the remaining 1/2 position is at breakeven. See related ideas for more details.
We just pass the 200 MA, does it mean, we are in a bullish trend?
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MehdiGreen MehdiGreen
@WorldofCryptos, I was in 30 min chart, but in 1 day chart, it doesnt pass yet
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CzarnyM MehdiGreen
@WorldofCryptos, cause i has been not even 2 full days?
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@CzarnyM, That is correct, still less than two days of correction. It might not take off to the moon but I am expecting some more correction. If this upswing looks very impulsive and the following downswing is corrective then I will consider buying some more. In the mean time I will hold on to my remaining 1/2 (long) position and see where it goes. Good luck with your trading!
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orvilleawright MehdiGreen
@WorldofCryptos, On the daily time-frame we are definitely still in a bearish trend. Price has recently bounced of the 1.618 fib extension taken from the Dec 21 swing lows. Over the next couple of days I am expecting price to move up towards the 10000 zone. Thanks for your comments and good luck with your trading!
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