Bitcoin slowly grinding along trend line
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I've set alerts and pending orders should Bitcoin take another dive down. I've been trailing stops from earlier swing trade positions which are now resting at $6,300.
In line with the current down trend, I'm looking for areas to add to my position.
We can see a bear flag is setting up along the trend line. A break here would likely result in a long red candle and would be numerous trade opportunities on the alt coins.
I'm hoping to take majority of my position off the table at $5,600.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
In line with the current down trend, I'm looking for areas to add to my position.
We can see a bear flag is setting up along the trend line. A break here would likely result in a long red candle and would be numerous trade opportunities on the alt coins.
I'm hoping to take majority of my position off the table at $5,600.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Only a matter of time before Bitcoin breaks down. Don't be intimidated by any pumps higher unless its above the red line.
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