FX_Crypto_Trader

Bitcoin SL Hit At Entry

BITSTAMP:BTCUSD   Bitcoin
Good morning all, the weekend is a great time to analyze what's going on with Bitcoin. We was previously in a sell from the retest and the moving average resistance point. As advised last time the stop loss was set to entry so it was a risk free trade, and this proves why we do this when trading BTC. Price looked to be making a bearish flag to continue but Bitcoin had other idea's and as we can see price has pushed right through our entry. One good thing was that I was able to buy some BTC to hold at a cheaper price dollar averaging down. I will watch it over the next few days and send out my next idea for a trade. GLIYF

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