BitcoinLong
Long position on BTC.
Last week I bought in once I saw $219 was holding strong support. Yesterday I had my sights on $227 as my target breakout zone and added to my position once is broke. I'm watching $237 as the next key zone for an aggressive bull run because it intersects with many layers of resistance. $249 is my soft target to assess the strength of this run up.
Will scale out around $269 zone with an attempt to scale back in on the retracement if the trend continues. $281 is a major target zone that could indicate a greater bull cycle and will cash out with the potential of buying back in on a breakout. $300 has high emotional impact and a breakout may confirm a new bull cycle that could trend into $350-$400.
I have a stop loss set for $230 in case we slide back down.
Will scale out around $269 zone with an attempt to scale back in on the retracement if the trend continues. $281 is a major target zone that could indicate a greater bull cycle and will cash out with the potential of buying back in on a breakout. $300 has high emotional impact and a breakout may confirm a new bull cycle that could trend into $350-$400.
I have a stop loss set for $230 in case we slide back down.
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