BTC UPDATE
The weekly open has been lost, I would like to see a daily close below here so I can move my stop to BE.
I explained what I was looking for even before the trade unfolded, while price was trapped between the monthly and weekly open.
I would have liked to have caught this move above that monthly open, as mentioned in beginning of this thread, that would have given me a minimal risk trade on the short.
What happens now?
I would like to see price stay below the weekly open, ideally I would like to see a test of the weekly open or just above and then a continuation lower.
I only trade what I see on the chart not hopes and dreams. Hopes and dreams will lose you money.
I will take losses eventually, no one is perfect.
I explained what I was looking for even before the trade unfolded, while price was trapped between the monthly and weekly open.
I would have liked to have caught this move above that monthly open, as mentioned in beginning of this thread, that would have given me a minimal risk trade on the short.
What happens now?
I would like to see price stay below the weekly open, ideally I would like to see a test of the weekly open or just above and then a continuation lower.
I only trade what I see on the chart not hopes and dreams. Hopes and dreams will lose you money.
I will take losses eventually, no one is perfect.
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