State of the Bitcoin Market Nov 13 2014

Regular readers who followed our advice should now have established a full position at an average price of about $333 (levels of $340, $333, and $325). The rapid rise on Nov. 12 to $430 is too good to resist so we recommend taking off 1/3 of the position at current levels ($425).

We would hold the remaining 2/3 position looking for a move up to $530 where we would sell the remainder. On the downside we would look to stop out of the remaining 2/3 position if we decline back below $360, if we reverse this high volume spike upward then we would probably retest the October lows – at the moment we believe this is a highly unlikely scenario.

Bueno Suerte
Bonne Chance
Semoga Beruntung!
Zol zayn mit mazl
Maikaʻi Pomaikaʻi!
Succes! Veel geluk!
Good Luck


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