What would be your stop loss levels for btc ?I'm all in average price about 5000 dollars .
Enric001
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@adzcoinz, Hey ! Sorry for late answer but I think you are good. No need to worry about it. I wouldn't risk that entry for anything really.
If you look at the log & linear channel above 7500 should hold, if it drops just below you don't wanna get stopped out at absolute rock bottom.
You have 43% down to 5k. No sweat. If you really want to sleep safe it set one 5500 just for the sake of it. I'd start moving that one up though after we break out of the bear trend. BTC stop loss is an art in itself. You have to watch out for daily volatility, MM, etc., chart resistance and support weekly.
@Enric001, press it to see zoomed in pictures. BTC just had a normal correction driven by pure market cycles, all the fud was just fud, no real reason to sell btc! so it played out exactly like in november. herd mentality at its finest.
If we don't break out this week i'll shave my bald head.