Post
Topic
Board Speculation
Re: What are your TAUGHT on Bitcoin move?
by
Odusko
on 25/08/2024, 20:46:49 UTC
What is your opinion about BTC move?. I have an open order for long on my Bingx account around $56k

I don't know if there will be a reversal to that zone, but am waiting patiently
I lost my position because of greed three days back when I went on long with the entry p4ice of bitcoin at 60k and when the price reach 62k I closed the position, and bitcoin continue to rise in price until it get to 64k+ right now, so for sure patients is very important at this point in time, because you have already taken the risk and regardless of what it is right now, waiting is much more important, because I can see that bitcoin target is to reach at least 70k price before any possible correction will happen, and if that happened it means another entry opportunity for some of us, I don't know when that will happens but certainly it will because when it comes to bitcoin, there is no way we can expect a steady one side price movements in the market, at some point when the price goes up, it definitely correct to touch down again and same cycle repeats itself all the time.

Leaving your current position is best for your long term forcast and you should hold on to that since you are already in the risk already and even on profits from the current bitcoin price movements which is now way above your entry price at the moment, so for you to be guided to arrive at a positive position, you need patients.