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Alekznder
2015年10月20日晚上7點56分

Trade Idea #39 - $BTCUSD - Long on the News 看多

Bitcoin / DollarBitfinex

描述

Well I switched tracks completely last night after coming across some interesting news.Good thing too; as the last chart was almost stopped out today. I haven't traded news in while but lets see who this plays out.

USMC Bitcoin Auction - First Blue Bar

coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/

Electronic Currency Regulation on Agenda in China - Second Blue Bar

cac.gov.cn/2015-10/13/c_1116803995.htm

評論

Sold 1/4 271.50. Average buy now just below 263. Stop just above this level for zero risk. Will hold till make or break.

評論

Covered 1/2 near $290.

評論

See chart below.

交易結束:目標達成

評論

Big 14% gain. Any lessons to learn? Don't manage your upside... could have been 22%.
評論
Alekznder
Don't be afraid to close here. Settlements upcoming.
rubenthin
Hi.Could you clarify what you're saying here please? The Chinese news link is incomprehensible when translated to English...for me anyway.
What is bullish about this news?
Thanks
Alekznder
Hi Ruben,

This is all speculative but...

Chinese pursuing regulation is possibly a green-light for innovation and acceptance, and better than staying quiet. See more here: shitco.in/2015/10/19/china-unbans-bitcoin/

As for the USMC, prices have historically pumped before the auction.

This all seems to kind of line up with the volume painting and trend reversal possibility.

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