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SMPTrader
Nov 15, 2018 9:14 AM

Bitcoin! Don't get stuck trying to catch a falling knife Short

Bitcoin / DollarBitfinex

Description

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Bitcoin Bullish reversal?? Think again!!

Bitcoin has broken an important support line and the next support line is around the @4500 level. From my experience trying to buy this on its way down it trying to catch a falling knife. If your desperate and want to buy into bitcoin, at least wait until Bitcoin has consolidated or don't enter at all.

Follow your trading plan, remain discipline and keep learning :)
Comments
pkb6698
Total Coin Market Cap (2) : 2014 vs 2018
I think this drop is a pedestal for future rise.

SMPTrader
@pkb6698, Time will tell :)
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