rich_horse

Why I'm Bullish?

Long
BITSTAMP:BTCUSD   Bitcoin
1. Bitcoin is back in the old down trend channel and showing resistance at the equilibrium, price range at the top of the channel is $9400-$9500

2. BTC is forming an ascending triangle

3. RSI is climbing very nicely

The Plan: Stay in my long position from $8750's and raise stop loss from $8650 to $8900. I've been adding small amounts to position as we dip.

Take Profit: $9400 to $9500

Stop Loss: $8900

Leverage: 5X

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