Adding to BTC long position
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Adding to my BTC long position. Trend continuation 101 stuff. Retraced to the 76 fib. Formed 4 hour engulfing candle. Can use the previous lows as a stop loss on high RR trades.
Over the last 2 days I’ve taken a large and broad long position on the crypto market. I’ve been persistently bearish on these since BTC was over 60K. This is the first time I’ve accumulated a large long position on broad crypto since early 2020.
