BTCCaptainAhab

Just went long

Long
BITFINEX:BTCUSD   Bitcoin
I just went long at 8002. I'll be honest, I'm a little nervous about this one and I rarely get nervous when trading anymore. However, I will not be hanging around if I see it going down. Unlike the past few days, I felt confident we were going up on the daily chart, as we did for a few days, but now I am wondering if we are going to head down to the bottom of the wedge/pennant we are in on the daily so I am much less likely to hang around if I don't like what I'm seeing on the smaller time-frames. Capital preservation is definitely the thing to keep in mind on a trade like this, as it is on any trade, but failing to do so here could be really costly relatively speaking
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