BitcoinBearSlayer

BTC - Timid counter trend long

Long
BITFINEX:BTCUSD   Bitcoin
I opened a small long position on the assumption that the price has touched the bottom of the triangle at point D and will reverse for awhile until point E. If my trend line is not accurate and we continue a lower to around $7K I will double my position and adjust my stop. If it breaks the previous low at point B I'm out. If we do reach point E I will take off half and see if we continue to break out of the triangle North. If not, I will tale the rest of my profits off the table. I'll let you know how it works out.....
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