Bitcoin Price Testing $500 - Have We Seen The Low?
Daily Bitstamp BTCUSD chart. Gone Long. As Bitcoin price seems to have bounced, I entered a long position at $465 hoping for further upside. My target for taking first profit is at $755, halfway between the All Time High and most recent fractal low. After a long time out the market, it feels good to be trading again! The Low? It wasn't surprising to see Bitcoin bounce around $380 for the 4th time since it broke that level to the upside. This $360 - $380 support level seems to be the line in the sand. I'm taking anything below $339 as my stop-loss trigger. After a long and bloody bear....
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