BGMind_Control

BTC support levels in a bull market

Long
BITSTAMP:BTCUSD   Bitcoin
If BTC breaks the support around 58k, the next support is at 53k. So basically the stupid people logic is i am going to sell here and hope to save a 10% fall. Yes you can save a 10% fall, but the potential is 200%. It makes no sense risking dollars to save pennies. If you believe you are in a bull market you shouldn't take the 10% trades or the 20% or the 30% trades.

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