Trade Idea #39 - $BTCUSD - Long on the News
Well I switched tracks completely last night after coming across some interesting news.Good thing too; as the last chart was almost stopped out today. I haven't traded news in while but lets see who this plays out.
USMC Bitcoin Auction - First Blue Bar
coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
Electronic Currency Regulation on Agenda in China - Second Blue Bar
cac.gov.cn/2015-10/13/c_1116803995.htm
USMC Bitcoin Auction - First Blue Bar
coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
Electronic Currency Regulation on Agenda in China - Second Blue Bar
cac.gov.cn/2015-10/13/c_1116803995.htm
Note
Sold 1/4 271.50. Average buy now just below 263. Stop just above this level for zero risk. Will hold till make or break.Note
Covered 1/2 near $290.Note
See chart below.Trade closed: target reached
Note
Big 14% gain. Any lessons to learn? Don't manage your upside... could have been 22%.
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Disclaimer
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.