jwbatchelor89

XBTUSD Uptrend Line, Possible Bottom Formation?

Short
KRAKEN:BTCUSD   Bitcoin
After looking at a lot of the charts on TV today I have noticed something others seem to have missed. See the green uptrend line that has been respected throughout this drop. It looks like a good bottoming formation. Higher lows...

However, If the blue line breaks, strong selling will ensue.

This is an opportunity for us.

Set a market stop at 7645. Use 25X leverage.

Set take profit limit at 7420

Set another take profit limit at 6650

Do not go long here.
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