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Topic: [2016-07-29]Bitcoin Price Watch; Profit Taken! (Read 272 times)

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Bitcoin Price Watch; Profit Taken!

In this morning’s bitcoin price analysis, we mixed things up a little bit, and went with a variation on our standard strategy. Specifically, we looked at a downward sloping channel range (as opposed to our horizontal usual range) and said we would look to enter towards a five-dollar target on a break above or below the channel, dependent on which way price broke. We would go for some pretty tight risk management principles, with a circa two for one reward to risk profile, and see what happens on a set and forget scalp breakout...

http://www.newsbtc.com/2016/07/29/34110/
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