What to do on the red day of bitcoin
https://www.tradingview.com/chart/l9kKnZvD
What happens in bitcoin
Globally: we are still globally up-trend now and a good bullish flag is emerging now
Locally: for mountain traders this is a very bad day for us:
Pinball formed
Fought off the level of resistance
Negative on the market
Bitcoin scenarios
It was a false rebound and now we will concentrate and fly to hayam (20k)
And a more realistic option as for me we fought off the flag from the top and now we'll fly somewhere to 5k $ we will find somewhere near this price the bottom and most likely next time we will break our global flag. But we must take into account the fact that spring is coming :) and I also think that whales already want it by 30k +
What to do?
Long term (1+ months)
To see was this was a false or no rebound. If we fly down, then catch the bottom, or if in the next few days we close on 12k + and break our flag then we buy on a little in the proportion of 50/50 (Cue / Alto). Well, buy if you need to 1k more expensive, so what? But you can spoil the bottom in my opinion it is justified
Short term: (couple of days / weeks)
You can try a deal in short by putting a stop behind the trend line with a small margin so as not to knock out just like that. Potential 1/5 (Risk / Profit)