Short above the red line, long below the red line.
Conservative traders should stay between the yellow lines.
Blue lines represent short and long positions on Binance.com.
Trade closed: target reached
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I managed to get 2 trades out of this, however, from this last dip I am just buying some BTC long term.
BTC has no intrinsic value compared to ADA (cardano). It is generally a useless currency, it doesn't offer privacy and it's too expensive to operate.
The only reason why I'm staying in is because I believe that people adopted it as a gold standard. I would personally never invest into Bitcoin based on currency criteria.