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RE: Bitcoin Rejected at Key Resistance Zone
Nice to see the resistance "zone" referenced rather than an exact figure. More accurate that way. It's interesting times for the pair pre-fork. Would you agree that longer term trend is still bullish since middle of the year when the fire was lit? Seems the significant pullbacks (eg from China / Dimon news) have been healthy.
Yeah I usually wouldn't extend the zone beyond the candle like that, but it's clear we have significant psych at 5K handle.
The zone/accuracy thing is funny - in order to become a more accurate trader, you need to stop trying to be so accurate!
And yep long term trend is still definitely up. The China correction was a little deeper and more aggressive than I would of liked, but text book stuff really - bounce right off former resistance!
Sounds brilliant. You inspire confidence in the future mate!