FX_Crypto_Trader

Bitcoin SL Hit At Entry

BITSTAMP:BTCUSD   Bitcoin
Good morning all, the weekend is a great time to analyze what's going on with Bitcoin. We was previously in a sell from the retest and the moving average resistance point. As advised last time the stop loss was set to entry so it was a risk free trade, and this proves why we do this when trading BTC. Price looked to be making a bearish flag to continue but Bitcoin had other idea's and as we can see price has pushed right through our entry. One good thing was that I was able to buy some BTC to hold at a cheaper price dollar averaging down. I will watch it over the next few days and send out my next idea for a trade. GLIYF

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.