BTC/USD Long Position
Let me preface this by saying I'm a VERY new trader whose trying to learn the ropes with small increments. In no world do I recommend anyone following this to the Tee, but instead use it as a potential guideline to work with. Please any responses or comments are MUCH appreciated. Still learning proper placement of Fib Retrace - but I used them to establish a Resistance line. I did some research on how to set your own Fib levels because Poloniex does it for you, so please tell me if they're not set correctly. Just looking to get to 50 REP to be able to ask questions and learn. Thanks!
I purchased my BTC at 7569.
I have a sell of 50% of TP set at 9250$ USD because I'm not sure if BTC will break the resistance I see occurring there, labeled by "Sell Zone".
I purchased my BTC at 7569.
I have a sell of 50% of TP set at 9250$ USD because I'm not sure if BTC will break the resistance I see occurring there, labeled by "Sell Zone".
Nota
Looks like we just missed our sell due to heavy resistance @ 9150/9170. Looking at the stabilizing and think potentially it'll be range bound between 89xx and 9200 before breaking the resistance. Please watch closely because there's a possibility it could test the support but at long as it trades about 88xx I forsee it being bullish.
Penafian
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