Red_Ben
Long

Bitcoin is, once again BULLISH!

KRAKEN:XBTUSD   XBT / USD
I'm long on the dip, and I'll add more if we dip again, but a shorter timeframe trade can be had with a breakout over the 4hr 200ma and a trailing stop a bit below 2 previous pivot points . Target is around 11,500-11,750 before another significant dip is likely. Don't over-think bitcoin .
Trade closed: stop reached: I moved my stop on this trade to b/e when we pulled up over the 10,800 resistance. I'm watching for re-entry...may need another test under 10k. Prepared for that if it comes...also could imagine it rocketing right back through my buy point in an hour haha GL traders.
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