Rejected by important uptrend line

Note that resistance line for later use.
Target: Old bottom, 5950

تعليق:

Why is that line important?
- It connects 2018-2-6 with 2017-25-5 top

تعليق:

NOTE: 5950 is just the temporary target of course. Bitcoin will drop to 3500 zone later.

تعليق:

Bitcoin passed the 20 EMA, if this candle closes above 20 EMA, we will still have a strong resistance line above.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

Stop loss you guys. Bitcoin passed the important line, starts a new bull short term. Will update about it later.

Dont worry, losing is neccesary to have profit in the long term.

تعليق:

For those who don't know why i stopped my loss even when i'm still bearish: I follow a strict rule that i cut my losses when it is equal to 50% of my target profit no matter what the situation is. It will be useful for constant profit. Will make an idea about it later