If you follow me you just went long on BTC at the very bottom
If you followed my posts you would see that I put my buy stop in two days ago at 8650. I had it initially at 8600 but did not know if the spike would make it that low from the break of the fib around 8730 and the subsequent test of the 8650 swing. Funny business of the sharks made me move it up (the games they play). Now I'm setting my SL at 8490 and watching the game play out. I would say the risk to reward ratio is good enough. They may try to blast this down and kick all the SL out at that level but this is the tight SL that I am going to keep. There is blood in the water and almost everything and everyone is bearish, which is why buying here is so appealing. I will take 1/4 profit at 10190, and play it by ear from there. If my SL breaks and we move further down there is enough TA out there to know where we will head. If this does occur I will sit tight and wait for a true reversal; possibly all the way back up near that huge inverse head and shoulders neckline us longs were drooling over last week. Have fun out there with this fickle beast!
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