Long

BTC/USD

Updated

BTC Sell-off, no significant volume and RSI is oversold. In between two support resistance levels. SL just under the support line, and TP at the resistance level. Hoping for a bounce from here, only a Short Term trade.

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Difficulty due to potential FUD causing the volatility here. Very difficult to actually account for.

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Also noticed bearish div on this. Lower highs on RSI and higher highs on price. Hindsight is a wonderful thing.

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Moved SL to 8143, if we dont bounce at lowest 8200 then going lower. This provides buffer.

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$4.40 off where I said the bounce needs to be.... But doesn't mean this is it! Wait and see, hope the Bulls can come and seriously take over.

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ha,ha,ha, I hate btc *cries*

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Doubled down, opened a second long alot closer to 8200, hoping for a climb and aiming to close out just in profit. Cost averaging..... or poor risk management?

Trade closed manually

Closed out at 8550 for slight profit.

jamestp96

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