Major opportunities on Bitcoin

25 Jul 2016

We have been in a tight range for one months.
Many many traders are now waiting for a breakout of the range.
Here is my plan:

Trading Plan to Buy:

• Condition (When): If it closes over the first resistance(685$) at 700$.
  
• Stop Loss: We exit if the price goes back into the range at 650$.
• Take profit: Over the recent High(780$) at 820$.

Risk/Reward Long: 50$ / 180$

Trading Plan to Sell:

• Condition (When): If it closes under the first support at 620$.
  
• Stop Loss: We exit if the price goes back into the range at 650$.
• Take profit: Before the second major support at 520$.

Risk/Reward Short: 30$ / 100$

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