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Bitcoin: BTCUSD Getting Real Interesting againBitcoin: BTCUSD Update Getting Interesting Again Now If you held your stops under 7660 as advised at start of weekend the 7717 level has proved a good entry point. However even if stopped out like me for 30 point loss after spending the weekend fishing, losing bait and cursing and never getting a chance to buy from lower, at least now, after breaking above the upper parallel sucesssfully on second attempt (but not hitting stops placed under 7700) we finally have a decent long trade on from 7790 highest. That bear engulfing green candle just now wiped out 34 hours of sideways movement in 30 minutes flat. This is still strong. No sellers. Just a few buyers... we should see another test of the highs very soon. Depending on risk profile and if long from 7717, either close down at 7980-8000 range and be ready to buy again on break above 8020 (using 100 points + profit from this current long as stop for next trade). If it works out you compound winnings so fast it will make your head spin. If wrong you and stop gets hit once it busts above 8020 you break even. Or you can hold the current long and just watch at 8000...if it sticks (before China opens it could do) close out but be ready to recomit later. This could be explosive (and could also be a complete damp squib) . But you'll never win unless you're prepared to play. Good Luck to all those that do.
BITSTAMP:BTCUSDLong
by sumastardon
2