There's a lesson to be learned every day! For me the lesson is: always "cost average" into a position. I was too lazy to ladder in, so I bought at the .618 retracement, and unfortunately we dipped deeper.
Putting it more correctly: unfortunately for me, because for those who didn't buy Bitshares is on sale today! We've briefly dipped below the long-term support trendline, most likely to go to the .886 retracement. Given the low low low RSI's we're seeing on multiple timeframes today.
I think you need to be blind not to scale into BTSBTC at the moment so if you ask me: start accumulating, and set your stop loss right at the 100% retracement, then move up the stop loss as soon as price goes up for a free trade.
Putting it more correctly: unfortunately for me, because for those who didn't buy Bitshares is on sale today! We've briefly dipped below the long-term support trendline, most likely to go to the .886 retracement. Given the low low low RSI's we're seeing on multiple timeframes today.
I think you need to be blind not to scale into BTSBTC at the moment so if you ask me: start accumulating, and set your stop loss right at the 100% retracement, then move up the stop loss as soon as price goes up for a free trade.