if worried of being stop hunted, change short sl to 7660 :)
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Seems some traders having confusion..hope clearer :)
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Intermediate target IT - 6650
Trade closed: stop reached
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too much volatility! damn
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fork made things crazy
Trade active
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forgot to update.
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7k is good support, if want set buy with 6900 sl, if 6900 breaks, expect decent fall. bias is negative. so its sell on rise.
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seems traders get confused a lot..cmp 7125, buy around 7k with 6900 stop loss. sell near 7500 with 7600/7660 stop loss. intermediate levels for quick trading, else wait and ride the full move as per original idea.
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:)
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trade followed in reverse too..top hit 8040.. target 1. bitcoin took the up down arrows too seriously!! lol
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if 8040 ie target1 breaks, aim for 8197/9384 and target 2 :)
always have a look at the order book for setting the stop order.. place your stop behind a bigger order.. if it gets eaten your stop is most likely necessary .. otherwise it will happen way to often that your stop is triggered but the price bounces right there..
And today we had a great spike Hoping we get a good swing to buy back in.
grablewski
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so tricky - new into trading and yesterday loose money on selling buying all the time with scare to loose when will go up or down.. today trying be neutral and its better. But shorted BTC at 7700 - now considering rebuy or not...
Drntrd
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What's your current update on the Bitcoin around 7000 - 8000 ??
JCBCrypto
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What's your current update on it chilling around 7900 - 8000?
What would signal you to open a long position?
and short?
Would love to input from one of my favorite traders.