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Bitcoin Update

PhoenixJ

Well-known member
I posted a technical analysis of Bitcoin 5 days ago and this post is just a 'I TOLD YOU SO!'

Look at how price reacted to the lines I drew.
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Yes, trading in ranges can be quite profitable. But you shouldn't forget to set stop losses, because the price still went lower.
 
Yes, trading in ranges can be quite profitable. But you shouldn't forget to set stop losses, because the price still went lower.

Using stop-loss and take-profit is essential no matter the asset that you are working with, and no matter the volatility. It is a must.
 
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