Uh-oh! Dropping, dropping, dropping...

in #crypto7 years ago

Hi folks,

I'm not gonna just post my good trades, I'm gonna post every completed trade here, successful or not. As you can see from the image below, I'm trading LGD/BTC. I checked the history and it seems to respect its bases, with support returning as resistance. I marked up my bases as you can see and nibbled on the way down but it keeps dropping and dropping and dropping!

Now part of me got concerned; I wanted to sell. The other part of me (the trader I'm trying to develop) says hold on and wait, it will bounce back. I used to be extremely impatient but I have seen some charts where it has taken 5 days to get back to the base...

I'm hopeful it'll return to at least the lowest base, but we will wait and see. What do you guys think?

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