After some analyization I still see it bullish, I just got knocked out of my last trade for entering late and putting my stop loss above my entery after hitting my TP 1. Same Take Profit Objectives. 48775 Stop loss. Scalping along the way through this CFD whuile protecting profits. I fully expect it to possibly reach 50,275 as a low. POSSIBLY 50,100. Anything Lower and I may bail on the trade.
BTCUSD
BTCUSD
Trade active:
Took Partial at 51165
Trade active:
As price challenged the most recent high near 51165 nd failed, I decided to take another 1/3 of my profits. Leaving me with 1 more to take profit with.
If it would've broke the high I would've waited but I don't want to take the chance of it going backward on me and not having enough in profit in case it does hit my stop loss which I have moved to 50,000.
If it would've broke the high I would've waited but I don't want to take the chance of it going backward on me and not having enough in profit in case it does hit my stop loss which I have moved to 50,000.
Trade active:
Moved stop loss to 50620. My entry was 50602. In case it does hit my stop loss, I have protected my profits nd will look for a better entry which I will believe will be at 50,270
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
