MedianLineAnalysis
Short

Bitcoin too early to buy?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello everyone, it's pretty hard to tell anything in this zone.

But this is my humble opinion of where the optimal buy zone for a swing trade now is.

It's at 8300-7900 area.

I'm actually taking a short position with 1% stop loss at 9180.
Trade active: Short at 9180 with a stop loss at 9270
Odds are low of this trade working out, but the Risk/Reward is definetely worth it.
Trade closed: stop reached: Too bad stop loss reached over night.
Trade closed.
Just going to wait for a buy opportunity below

Comments

Interesting technicals,
here is my overall TA on the BTCUSD
Reply
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