My Limit buy triggered right before the recent upswing.

Was able to ride the upward bounce off of the fib after it wicked below jsut enough to trigger my limit buy...I don't anticipate the bears are done yet though...especially since the upcoming 1day chart death cross is still seeming like an inevitability in the coming days. Now that I ahd a successful limit buy triggered I qwill likely put another top loss a few pips below where I originally limit bought back in ensuring that I only sshort again if it goes noticeably and reasonably lower than where wI just bought back in but not too much lower just enough to where a long wick wont cause me to miss the trend reversal. You all do as you see fit as this is not financial advice but as you can see on my chart my limit buy triggered precisely...however this bounce needs a ton of bull momentum to see any real sustainability. If not, and the death cross on the 1 day occurs we could plummet all the way as far down as the ascending grey trendline which I still am confident would provide serious support...however for now I think the biggest downside could be the grey trendline most likely somewhere around the $7200 region my new stop loss will probably be triggered $153 under where I triggered my limit buy. Do as you choose as this is not financial advice! Thanks for reading.

Comment:

if you happen to have any Litecoin and aren't currently also shorting that breaking news is that Litepay was pretty much a scam and is shutting down...very good time to go short in litecoin, as this will likely cause even more of an exodus in the coin than there currently is