Sherem

BTC min ascending triangle broken to the upside

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BITSTAMP:BTCUSD   ビットコイン/米ドル
Update! BTC broke it's short term ascending triangle and we should see it push up to the 10k area. You can buy the break, wait for a quick retest of the 9k mark. It really depends on the velocity of how fast this thing moves to determine what a good buy is.

The real question is, does it pull back and head higher to 12k, or does the 10k mark prove to be to much resistance and it heads lower? Use caution, we'll see what develops! Most importantly, for the love all of things sacred, do not go in heavy with your portfolio right now if you buy. It still has a lot of POTENTIAL down side. Not that it will happen, but it could, so you need to be cautious. If it reverses, I have martingale positions that run deep all the way down to $3,500 for a swing back

Stay safe, don't stress and pick your points!

Happy Trading
-Sherem

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