Bitcoin Trade Update – 21st Jan 2016

Well…so much for $320 🙂 MarketAction 2016.01.21

I covered my position at an average of approx $420 so about a $7 profit from the sale price. I’m now weighing up how short this move has left the short term traders.

While my long term view is bearish I’m considering a small short term long position just to catch any further squeeze – I’ll watch market action for a short time to make a call on that.

Meanwhile my stock position is showing a small loss (-0.03BTC) so overall I currently have a gain of 0.25BTC on my 10 BTC account (+2.5%) in little under a week.

Good Luck.

 

 

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