Bitcoin Price Diary: Long Bitcoin, Bullish on Altcoins – XLM, VET, ONE
Cointelegraph By Scott Melker's original article for cointelegraph.com reduced by 51%
Altcoins have been inching their way deeper into my trading routine and this seventh entry of the crypto trading journal features a newly opened position on VeChain, as well as a timely buy of Stellar Lumens. I am still long on Bitcoin from under $9,000, as price moves sideways. In a move this large and fast based on news, the price was unlikely to retest over a longer period of time, so I was willing to trade this smaller time frame.
In an effort to catch a second pump, I reentered at.00000870 but ultimately stopped out of this trade with the entire position at that same line when the price dropped. I will keep this trade open for as long as Bitcoin remains stable. BTC/USD updateI stopped out of my two-week-long Bitcoin trade at a small loss this morning when the range lows were broken.
In retrospect, I should have exited when the price was clearly rejected at the equilibrium of the trading range.
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CN [too long; didn’t read]
Summarised crypto news.