Strategy: Buy near Range Support
Funfair/Bitcoin has been bearish, but is now bearish-neutral. In this environment, we can take a stab at it, but we should limit risk as well as limit our bullish expectation.
I think price action showed support at around 190, and might be rounding out a mini-bottom, which sets up a potential rally bak towards range resistance. I am basing levels of this premature range on the price range created on Nov 2.
This is a quick jab with 2:1 Reward to Risk profile in a short-term sideways market.
1) 250 (21.3%)