Bitcoin: BTCUSD Officially left the Building Last Night Bitcoin Update Still strong whilst within the new Parallels
Having left the building (contraints of the last paralllel) last
night Bitcoin went on a tear, nothing to hold it back now.
After bottoming a second time at 13083, just under the 13210
next buy point and under the old parallel by 130 points...this
would have stopped out the long from 13210 (in all likelihood,
most probably using 100 point stop at that point so a good
trade that would have been stopped out was at least avoided.
But that doesn't excuse not getting long agin from 13826 level
once it had been regained and thoroughly tested from above
and survied the onslaught perfectly, with Bitcoin coming back
down to test that level precsiely before bouncing away and
now 900 points higher still...we should have had ALL that
trade, every damn point. Another 900 points not won. Would
trade that notional 100 point loss for that win though.
Shoulda woulda coulda. Move on now....
Now Bitcoin is tracking a new set of parallels and stays good
whilst within them. But it's beginning to tire and we are close
to the 15 number now. Stay long here if you are already and
only close out once the lower parallel is lost, looking for
another test of 13826 where we look to get long again with
stops 60 points lower if touched.
