Kissing 100 DMA has consequences

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Perfect profit taking position here shortly off an H&S pattern. Expect consolidation and buy dips. Profit taking would have netted you 5% premium off current prices, which is no small feat for any portfolio.

Its all about earning your edge in trading - don't scoff at 5% - selling at 100 DMA was a no brainer. Now its time to BTFD and see if it rips higher. Discipline yourself by maintaining cautious.


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