#Bitcoin finally pierced $59800 level reaching as low as $59000 earlier and as a result I have now taken a long position. I am looking for a weekend bounce and then I will be moving my stop up to break even for the start of trading next week. BUT, to be clear, $BTC is looking weak and this bounce could easily rollover quickly. It will only be if it reclaims $65360 will I start to think there is any strength here. This is why I am going to be moving my stop quite quickly to break even. This is also part of risk management as if the #stockmarket keeps falling next week, bitcoin will follow it lower. I will be doing some more in depth analysis on the stockmarket this weekend but I will definitely start next week cautiously. If we get above the 65360 level I will then start looking at upside targets. #crypto #altcoins