jasonlau924

BTC - Profit taking on my Trading positions

jasonlau924 Updated   
BITSTAMP:BTCUSD   Bitcoin
Keep it simple. I have just sold my BTC swing trade positions (not selling my core).

With CME markets in the corner, majority think that the price will get pumped. However, I think otherwise.

Indicators have been at overbought for over a few weeks. Now RSI has even reached 91.

Don't be a fomo trader. Be cautious and patient. Let's see how the futures market impact the Crypto space.

Currently, I think alt coins will offer a greater return (risk/reward ratio).
Trade closed: target reached:
Sold and rebought at $13k on saturday.

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