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Author Topic: [2016-04-05]Bitcoin Price Watch; Scalp Morning Session  (Read 141 times)
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April 05, 2016, 07:00:30 PM

Bitcoin Price Watch; Scalp Morning Session

As you can see, price just recently broke through the level we had slated as in term resistance, which put us in a long trade towards an upside target of 425. Unfortunately, however, while we did see something of a sustained run to the upside, price only reached 422 before reversing, and spiking back down into our rage to take us out of the trade on a stop loss hit for a small loss on the position. The broken resistance is now offering up some degree of support, however, so we will be keeping an eye on it as today’s session matures.

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