Let's run through where we are at. Bitcoin is currently still in an uptrend. It is dealing with the three big bars from the bubble pop we topped the $1,150 mark. Feel free to take half the position off the table so as to assure some profits. Be sure not to get emotional and stay in the trade. Bitcoin withstood the news of Chinese regulations on the exchanges. In the past Bitcoin would have sold off much more but we are still above the 50 & 200.
1) Based on the daily price movement the trade indicator has us long still at plus 7. Anytime we start to go below plus 2.5 I start to get ready for a sell.
2) Shows the large volume during the sell off downward (cautious)
3) Current Price = $1,008.22 (ROI = 12.27%)