Buying the dip turned out to be a good idea

in #busy • 6 years ago

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Flood on twitter is an excellent trader, and, I thinked over the arguments he was presenting for the trade, and suggested to go long on BTC when it dipped. His opinion was that the Bitfinex shorts would be eager to get out of it in 6550-6600 lvls.
Which turned out to be exactly where we landed.
IMHO BTC is quite strong rn and we will be heading towards 7,100ish level in 1-3 days from now.

#trading #bitcoin #btc #money
6 years ago in #busy by
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     6 years ago 

    Good luck with that.
    Doubt it will work in the long run

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     6 years ago 

    I mean, I also think buying the dip in bear market will rekt you 100%.
    But this time the bullishness of BTC was quite obvious, and I thought it's a good idea to buy strong resistance 6400-6600$ levels.
    Thanks for the upvote anyway

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