Bitcoin Price Watch; Stop loss Hit, Moving on…
In this morning’s bitcoin price analysis, we noted that a triangle had formed mid range in our predefined parameters, and that we would look at using this triangle to enter long towards an upside target of 422 flat if – and when – it completed. We classed completion as the breaking of the triangle’s upper channel (also serving as in term resistance) and a subsequent close above this level. However, we also noted that we were already in a trade on the back of last night’s action, and that we would wait until this trade completed (i.e. a stop loss taken out or a target hit) before entering a fresh position. Things have now matured throughout the European morning, and we are about to head into both the UK close and the mid session break in the US...
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Topic: [2016-04-01]Bitcoin Price Watch; Stop loss Hit, Moving on… (Read 210 times)
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