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Crypto Trade Board 3/29/2018

With Bitcoin falling to the March low just above $7300, alts are also pressured. We saw a slight gain in the 3/28 session, but some trades from that session stopped out during early 3/29, so we are starting the 3/29 session with some losses. 

*amounts are in satoshis. 100,000,000 satoshis = 1 btc, 1 satoshi = 0.00000001 btc. position size assumed to be 10,000,000 satoshis, or 0.1 btc

There was an execution error where MCO dropped below the stop, at which point I should have put in the limit order at the stop level. 

Instead, I did not manage this position and the loss became bigger than initially planned for. 

Outside of that, I could have been more conservative because I had assigned a 60-40 chance that Bitcoin was going to fall after holding around $8000 for a couple of sessions.

Now with $7300 being a key level, we might see relief for a couple of sessions. So, again, we should remain relatively aggressive compared to the previous couple of sessions. 

BTC/USD hit our add levels around $7650 and $7330, while ETH/USD hit our add level at $405.

Crypto Trade Board 3/29/2018 Review

Bitcoin (BTC/USD) Testing the March Low Around $7300