to be met with some strong selling pressure at resistance
levels due to "bag holders" who are looking to get out
at higher prices. This is exactly why I closed most
of my swing trade long position in between ~$585 & ~$660.
There was a nice short opportunity last night on the break
of the , but I didn't catch it because I was on a train
So far, the bull trend still looks "healthy", so we could see
higher prices, but I'm expecting more consolidation and
maybe a deeper pullback before going higher.
Fundamentally, there's sold silk road news that could add
extra selling pressure to the markets.
I've been using Finex for a while and find it to be great. Plenty of liquidity and I love putting some money towards swaps. If you don't know what swaps are they basically provide someone else with money to trade on margin. Very low risks in losing money since if the position turns against them Finex will eventually close it.