BTFD! - Entering a long position 10x margin, on the 61.8% Fib level. Tight stops are set below $8100 levels. High risk to reward ratio and a highly contrarian trade so beware and definitely use stops. Possible take profit targets are 8600 and 8800 levels. Mt.Gox trustee sell off and general FUD over crypto-regulation is affecting the sentiment as bitcoin reaches critical correction levels. Expecting the bearish sentiment to carry on....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.