Bitcoin long stop out -6.9% ... prepare for more weakness

in #trading7 years ago

BTC.png

Crypto weakness is starting to set in with a vigor now. The upside setup was textbook on BTC and when those fail.. it usually indicates serious downside is coming. And if that 4 hour candle closes full.. holy smokes.

Loving this volatility though.. WOW!

You can view the complete setup for this trade here.

Trades so far:
6-25 ETC/BTC -7.80%
6-29 ETH/USD 9.50%
7-10 BTC/USD -6.90%

Noobs b staring at that like... gaaawd you SUCK... lol. This is what real trading (vs gambling) looks like. You win a little... lose a little.. win a little.. lose a little... win BIG.. lose a little.. etc etc. Trades that you take and hit 1000% or better do not last and serve to suck in the gambling addicts only to take their money later. That is the phase we appear to be entering this very second as everyone seems to be doubling/tripling down on the long side.

Happy hunting!