porretta.matt

Another Shortish Idea, Continued...

BITMEX:XBTUSD.P   Bitcoin
Hey everyone! I am just updating my original XBTUSD chart. It is pretty amazing how it is respecting these trend lines. If we don't break through this trend line, I can see us dropping back down to 7450 - 7300 range. I have some long orders in @ 7490 and 7350. I believe that we will experience a "bart" soon going to the downside. I noticed these strange "bart" patterns a couple months ago. I have been trying to figure out how to play them. I actually thought they looked more like the letter "M". There is one thing for certain in crypto... and that is that nothing is for certain. Trade with stop losses (Mental ones if you can to avoid stop hunting), and trade with risk management. Your first priority is to protect your capital. That is all, sorry for my rambling. Good luck everybody!
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