https://www.youtube.com/watch?v=92uCBiwSPi0&feature=youtu.be
Keeping things simple with this watch list bitcoin is heading towards the moon right now, if it can continue to hold these upward momentum I'd be looking for a break out trade if 3.00 can be cracked. Plan is to target 40-50c a share with a mental stop just below 3.00 with an entry only if price action can consolidate above 3.00 ideally a 3.05-3.10 entry. Link for the catalyst out late yesterday http://www.marketwatch.com/story/mgt-capital-announces-purchase-of-2000-additional-bitmain-s9-antminer-rigs-2017-10-12. Attached is the current price of BTC/USD as I publish this:
Posted Oct 13, 17 4:00 AMbySAndrews
Categories
Price Action: Breakouts, Price Action: Consolidation, Technical Analysis, Trader Checklist
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MGTI
I was surprised that this did nothing today. Especially since this a month ago when bitcoin was almost 5k, it rose all the way to $4.26, and it also had the catalyst you mentioned above. It was a big fat 0 today.
@KyGuy it wasn't great didn't trade it was hoping for another press release yesterday but was just fading.
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