We are looking for a trigger on a break back over the psychological level 50,000 in XBT. A good risk conscious trade might be to buy on the break over 50,000 with a stop under 47743 and a target of 56566. A trailing stop on some of the position would be prudent as this will be a break into all time highs.
Trade active:
Triggered overnight and is off to the races
Trade active:
stop moved up to 50702.7 to lock in a 1.5% gain and let this sucker run
Trade active:
Taking 1/3 off the table at +10%: 55,000
Comment:
took another 1/3 at 56,000... trailing the final 1/3
Trade active:
trailing stop moved up to 53556.5 on last 1/3
Trade closed: target reached:
great trade! final 1/3 stopped at $55,000