See the previous technical analysis of BTCUSD and the trade idea to short it. Since then, relative technical strength from ETHUSD and an anticipation that this may lead to a rally in crypto, led to aborting the trade idea with a small loss. Traders can follow the trade idea and update to see an example of being agile in trading and cutting your losses short, in light of new technical evidence, even if it relates to a parallel asset that should affect your trade.
If you have been trading crypto, you have been there.. You are hit by a reversal and give money back to the market. What can you do instead of blaming Mister Market? This simple tip will probably save you next time.
