Alekznder

Trade Idea #42 - $BTCUSD - 1HR OUTLOOK

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
I prefer a long bias and would consider holding any strong volume breakout.

Will be ready to LONG or SHORT for a short-term trade. For now this is just a trend/channel trade.

Reasons/Notes
  • 100MA Incoming
  • Consolidation atm
  • Uptrend
  • Could be a failed rally on larger time-frames.

Always use correct position sizing. Good Luck.

Trade active: Wow that was quick. Trade entered near 420.
Comment: Stop placed at break-even. First targets near 450. Failed rally still possible on larger frames.
Trade closed: target reached
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