BTCUSD- Savage trading. Know your enemy.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey guys Vinnycrypto here for some self explanatory education. Study this picture and try to understand everything that is going on. If you are new to trading, you have to know that a lot of pros will trade like this and that this is what you are up against.

Are you in with me? Are you making plans with me? Are you writing down your plans and rules for your trades? Are you hedging?

Or are you doing what I use to do. Howl at the moon and hope for the best. Education, passion and rules will lead you to success.

What is going on?

-BTC rejected at first line of resistance.
-Holding .618 fib for now.

Waiting for development.

1. retest of resistance line where shorts will be open.
2. Breaking resistance line and will stay in current longs.
3. Breaking of .618 fIB signaling a full rejection. Wearing shorts.

That is about it for today folks. if you like what you see, hit the like button and follow me on here and twitter for the next updates. Comment your critics and questions, and most importantly, trade safe.

Dec 20
Trade closed: target reached: closed my last long.

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