TradingView
jasonlau924
Dec 7, 2017 2:02 PM

BTC - Profit taking on my Trading positions 

Bitcoin / U.S. dollarBitstamp

Description

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.
More