papermoneyman

BTC Log Idea 8/22/2019

Long
papermoneyman Updated   
BYBIT:BTCUSD   None
Haven't got filled on this yet but we bounced on the short-term trend line and now were creeping back up. Almost all FOMO'd shorts from the move down are underwater or will be if we breakout causing some buying pressure as well as long's FOMOing the breakout. We are in a healthy uptrend so stops are placed underneath the second to last low with a target near resistance from from the last consolidation/uptrend.
Trade closed: stop reached:
Welp... got stopped out by about 10 points then we reached my target perfectly, just goes to show to be patient and wait for entries. Put your orders where other peoples stops are, I need to get that tattooed on me.

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