I only managed to get 1 of my 3 orders triggered with the last drop. Now, this is what I see happening.
BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing $45k - $46k.
The green path on the chart takes BTC from the low made to $45k - $46k regions. This is where I plan to close my 1 position that got triggered. I won't be buying more unless white path occurs with a stop-loss below $37k.
Don't forget, this is only a potential bounce trade I am taking. If Bitcoin breaks below $37k, the white bounce zone on the chart is the next stop.
R₿FTrader
BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing $45k - $46k.
The green path on the chart takes BTC from the low made to $45k - $46k regions. This is where I plan to close my 1 position that got triggered. I won't be buying more unless white path occurs with a stop-loss below $37k.
Don't forget, this is only a potential bounce trade I am taking. If Bitcoin breaks below $37k, the white bounce zone on the chart is the next stop.
R₿FTrader