Building a long position between $54400 and $55400. I'm using a low leverage x3 to x8 and slowly building a decent sized position.
I'm aiming for the low $60k for a quick scalp on a positive Bitcoin movement after the recent crash. The reason I don't want to aim higher is that we'll likely have a bit of #resistance at that $60k level after the recent sell off. My Stop Loss is set at $53300 in case we see further carnage!
Remember that the #fundamentals of #bitcoin haven't changed a lick! I don't think we've reached the top but the cycle top is nearer than farther away in my opinion.
Trade safe, don't use debt and always within your own personal means.
Alfa
I'm aiming for the low $60k for a quick scalp on a positive Bitcoin movement after the recent crash. The reason I don't want to aim higher is that we'll likely have a bit of #resistance at that $60k level after the recent sell off. My Stop Loss is set at $53300 in case we see further carnage!
Remember that the #fundamentals of #bitcoin haven't changed a lick! I don't think we've reached the top but the cycle top is nearer than farther away in my opinion.
Trade safe, don't use debt and always within your own personal means.
Alfa
Trade closed: stop reached:
Got stopped out hard on this..
Will wait for an improved market trend for another attempt at a long
Will wait for an improved market trend for another attempt at a long