Got stopped at breakeven on my previous trade. Its cruel to be on the right side of the market but yet not make money this is an important lesson for me on profit taking. Congrats to the shorters.
BTC broke through one of my key zones. Next major support for BTC is around 7450. Will look to open a long there has nice confluence with a 0.7 fib. Target is the red box at 7800. Immediate trend is bearish so this would be a counter trend trade meaning your target should be a lot more conservative than should you be trading with the trend.
BTC broke through one of my key zones. Next major support for BTC is around 7450. Will look to open a long there has nice confluence with a 0.7 fib. Target is the red box at 7800. Immediate trend is bearish so this would be a counter trend trade meaning your target should be a lot more conservative than should you be trading with the trend.
Trade closed: target reached:
Closed out at my target at 7800. Some nice profits on to the next one.