Author

Topic: [2016-05-04]Bitcoin Price Watch; Another Live Trade! (Read 237 times)

legendary
Activity: 1596
Merit: 1027
Bitcoin Price Watch; Another Live Trade!

As the chart shows, price broke through the lower trend line of the upward sloping channel shortly after we published our analysis, and subsequently through the level we had slated as in term support. The latter break put us in a short trade towards a downside target of 443. As the chart shows, price ran down towards this level initially, but reversed just shy, and now trades pretty much back within range. This makes things a little tough for this evening’s session. We aren’t able to get in a fresh trade due to the caveat in our breakout strategy rules, but...

read more
Jump to: