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k314

BTCUSD long setup

Long
Bitcoin (BITSTAMP:BTCUSD)  
k314 Updated   
BITSTAMP:BTCUSD   Bitcoin
BTCUSD Bitcoin (Cryptocurrency) bitcoinmarkets cryptocurrrency
2
0
btcusd bitcoin bitcoinmarkets cryptocurrrency
BTCUSD just broke out of the symmetric triangle pattern
Target 1160
SL 1018
Comment:
Bought at a pull back @1060
Comment:
Moving my SL to 1079
Comment:
Current market price is 1097. I have reduced my target to 1100.
Symmetric triangle length is 60 USD. So a reasonable profit of 60 USD can be expected from the point of breakout (1040).

I am still bullish about BTCUSD and confident about 1160.
Comment:
A pattern similar to megaphone pattern is being observed on 5 min chart. Expecting a breakout again!

snapshot
Comment:
moved my SL to 1090 and target to 1115
Trade closed manually:
Trailing SL hit at 1090
Booked a decent profit f $30 (from 1060 to 1090)
Comment:
target 1160 hit on Apr 04
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