Market Commentary (BTC):
At this point, we feel good about staying in the (NEW) short ProTrade that was issued yesterday given our stop at 242 $ was missed by $0.01 and price has subsequently pulled back down slightly below 240 $.
We will now move our stop to the top of the OTE short zone (79% Fib) at 243 $, as if this is taken out prior to a retest of support around 230 $ then we will take the loss as prices rise to the 250 $ resistance level.
If that get taken out, we may be in a LT reversal, but it is still too early for that kind of talk. One thing at a time...
**Bitcoin ProTrade [Updated on 6/15; Entered on 6/15 @ 238.25 $]:**
Get short at 238 $ with a tight stop at 243 $ and targets at 230 $ and 226 $.
Money Management - Better way to make money !