mljones

Don't chase the dump out

Short
BITFINEX:BTCUSD   Bitcoin
BTC dumped out today. I would not chase it. The style of trade that I think have the best chance of working is to wait for it to dump so far that people think it's not coming back, then it will rally all of a sudden into the old support zone around 6300. That will be the area I will be looking to actually take a short. Chasing it here is a bad idea!
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