BTC went down to the Golden Pocket

2021年5月20日

Yesterday was a brutal day for most of the people in crypto, myself included.
I did not sell my long term holdings but I had two long trades open, 1 in BTC and 1 in ADA, and they both got liquidated.
Fortunately they were not very big so the loss was limited.

I hope all of you did not lose too much. Maybe some of you even made profit by shorting? Share in the comments below.

But when we Zoom out and look at the chart, it's very interesting.
The BTC price went down to the Golden Pocket almost exactly to the dollar.
The Golden Pocket is often considered to be a great entry for long positions.

Personally I did not open a trade. I want to wait for the Buy signal on the Hash Ribbons (daily chart) just to play it on the safe side.
To be honest I got scared yesterday so I did not have the guts to enter a long position at the Golden Pocket level.
It would have made a great trade though if I had ;)

Trade carefully and never trade with more than you can afford to lose.
It's something we hear a lot but it's true!