SMPTrader

Bitcoin! Don't get stuck trying to catch a falling knife

Short
BITFINEX:BTCUSD   Bitcoin
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Bitcoin Bullish reversal?? Think again!!

Bitcoin has broken an important support line and the next support line is around the @4500 level. From my experience trying to buy this on its way down it trying to catch a falling knife. If your desperate and want to buy into bitcoin, at least wait until Bitcoin has consolidated or don't enter at all.

Follow your trading plan, remain discipline and keep learning :)

Follow your Trading plan, Remain disciplined and keep learning !!

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