Bitcoin - 3/14/20 - Why we use stop losses!
Counts can go either way, the corona virus scare has helped push bitcoin count to the negative side. Counts and news interact with each other constantly, producing price. From what I have seen it is foolish to to rely on one or the other solely. Doesn't mean it's dead, just the count changed. Here is a zoomed out view to see what could be going on....
https://www.tradingview.com/x/PSBSBbd1/
Here is where I'm looking to go long short term.
https://www.tradingview.com/x/h3ARBBbp/
Might even try for the .5? Who knows, let's see where this goes and make some money! I did have a stop loss as I was trying to go long from my last green box. Even though I got stopped out I hit a huge KuCoin trade because of all the volatility! This is not financial advice, this is my trading journal. Good luck and good day!
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