(RDD/BTC) - Buy opportunity

- This idea is based on moving average

- Long term trend: up (hovering around MA100, good time to buy with tight stoploss)
- Medium term trend: down


There is a chance it drops down to ~115 (at .618), set stoploss at 110.
Target is 250 based on fib retracement.

*Keep in mind: MACD does not look pretty at the moment, but we shall see.

Trade closed: stop reached:

closed without a loss, not bouncing with enough strength.
pass on this one

Comment:

I closed this one without any hesitation.
I hesitated for a LONG time on the verge trade and that cost me some $.
I made a mistake and I will learn from it.

In the future, I promise myself to be more decisive in closing positions when the chart gets fishy.