Stopped out! A drop out of bull channel. New entry prices.

The market decided that they were not comfortable with the price we were at yesterday. If you follow my post, you'll remember how often I talk about the bottom trendline of my GREEN channel. It is significant. Still is. Once we entered back into the channel, I bought BTCUSD again. I updated my trailing stops often to follow the bottom of my GREEN channel trendline. Last night, I was stopped out.

New entries.

I am obviously still long on BTCUSD. My target is still in the $4000 area over the next couple of months. And we have NOT entered back into our bearish RED channel. In short we are in neutral territory here as the Bitcoin market is trying to decide where to go. If you're a believer (as I am) that the market will eventually go higher again here are some entry levels you can be looking at:

$2550 = 50 MA
$2420 = Huge support & Middle Bollinger Band
$2350 = 78.6% Fibonacci & Top of bearish RED channel.

Below this last level, I become a bear again.

Use safe trading practices and always put in your stops!

Happy trading friends.