enTHUZed

Bitcoin - Bear Confirmation. Now What?

BINANCE:BTCUSDT   Bitcoin / TetherUS
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis , and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
I think you are right. I was already talking about a dump towards 8k. 8275 is solid
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enTHUZed CRYPTOBMF
@CRYPTOBMF, thanks! Looking even more solid after today's bear break. Appreciate the support
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do you think it's smart to put stop loss's in where a pivot is broken on a day trade? I have done this before and it goes over the pivot and then winds up dumping, so had a loss when it could have been a gain. But sometimes this seems to prevent greater losses. Is it more of a subjective tolerance issue? Thank you
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enTHUZed rsommer2
@rsommer2, when leverage trading I think one should use stops more often when there is a lack of clarity. Such as when the price was above the 4h 200EMA and it was not clear if a back test was going to hold changing the trend from bear to bull. Now that we have seen a failure of the 200 EMA backtest, suggesting a continuation of the bear market, I use stops less often since I have clarity that I am trading with the trend. Leverage trading is tough because often times stops close you red when ultimately if you stayed on the roller coaster you could have closed the trade green.
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good stuff, thank you
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