FX_Crypto_Trader

Bitcoin SL Hit

Long
BITSTAMP:BTCUSD   Bitcoin
Good evening all, checking back on Bitcoin and reporting SL was hit at entry. That's quite alright as nothing lost nothing gained. That's why we stick to the rules of not giving back to the market if we can help it. Anyway onto the next setup and we have bitcoin squeezed into a corner again. My favorable position would be to come down and find the demand zone and primary trend line before another push up. Price could accumulate longs here in this demand zone and push up so you could trade the breakout above, but my preferred entry would be a break below. Lets watch for now. GLIYF

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