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Bitcoin - 7/16/19 But that was a good trade?? by rpgbuilders

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· @rpgbuilders · (edited)
Bitcoin - 7/16/19 But that was a good trade??
I guess that happens. Not gonna lie, I was a little upset. Thought that was the trade and it was, a lot of people took it. Bulls just didn't have the strength. Oh well, try to learn from mistakes. I was watching and saw it drop under the trend line and get rejected on smaller time frames. (you can see that here https://www.tradingview.com/x/AzStkpPK/) Should have backed out then. Not only backed out, but went short!! It's hard for me to "Get out" something I need to work on. Hurt the old pocket book as the risk was higher 4.5%, but it would have paid 18%!!! I need to start keeping better track of win and loses and percentages up or down. Something I will do going forward. Anyways lets look at the short term as we will see a small bounce before going lower. 

![chart716193.jpg](https://cdn.steemitimages.com/DQmfCEFWcice8AqTrEVxPkJX9tJtnWDMD9PEjirJFfNQZvJ/chart716193.jpg)
https://www.tradingview.com/x/d1EvNR10/

We can see bullish divergence on the 15 min. However I think this will just lead to test the trend line again and get rejected again. Here is why I think that.....
![chart716194.jpg](https://cdn.steemitimages.com/DQmS1KJojCnEkfohrs77zbfyr645aP9N53TWskuPCyh6412/chart716194.jpg)
https://www.tradingview.com/x/I0ASWPV0/
I simple don't see the price being supported by anything but the trend-line. Should fall to at least the .5 probably lower. 
Marked as always are buy zones and even a place to consider shorting. The first one on the chart is the one I have been talking about for a while. As far as a play might consider shorting at that trend line from the first chart at $10,200. This is more of my trading journal than anything!
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