I like this trade. Too many consecutive red days. That news that Blackrock was entering crypto was too significant for the price to fall so steadily without some kind of small rebound at least. This uptick is clearly a new trend, so I start the fib line on July 16th, and bitcoin has followed fibonacci accurately in the past. If the trend fully retraces, like in most cases, it should get a small uptick. This assumption comes from experience. Typically, when a stock retraces the full move, you get a small uptick as people realize they can buy at the price they wish they could have had before the breakout.
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Adding $6731
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Down $200
Will readd $6400
Will readd $6400
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Didn't readd, staying away from this, best to stay out of it and wait for the drop to level out. Currently down 7%
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judge me on my losers, not my winners. Perfect stop!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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this was just a stupid trade man....wow. Whatev, only risked $200...lol...still though smh at myself
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retraced where i said it would though, up 4% right now.