BTC Rejection

٤ يونيو ٢٠٢١

I hope people have set their stop losses higher since the breakout was rejected also due to the tweet of Elon Musk causing this recent Dip. We can see a rejection on the EMA resistance and prices coming back to the pattern. We also have a short term lower high, and now forming the lower low, as well as a breakdown from the RSI trendline. We may see further dipping of prices, that is why it would be wise to set stop losses. Nevertheless, if we had taken our profits and set our stop losses higher, we could be sitting still in profits, and now we can wait for another buying opportunity in this dip. I am learning to be happy and more comfortable in these dips, since it is during these times where money is made. It is uncomfortable to be buying while prices are dipping, that is why it could be wise to ladder in multiple buy orders as prices dip further. Let us be patient and be prepared to buy the dip for another farming opportunity.