Oh man I am feeling so disillusioned with BTC at the moment just seems to be going one way and never comes back to the last consolidation/support level. Waiting for my break even price (if it ever comes) then I am outta here!!!
You are using a self defeating strategy that is impossible to win with.
1. If the downtrend continues, it will never reach your break even point while the downtrend is in force and you will hold on to a losing position indefinitely.
2. If your break even point is reached, that will mean that the downtrend has broken and it will be an uptrend, meaning it will be a terrible time to sell.
The only good moves are:
a. Commit to your position as a long term holding.
b. Sell now or at some point along the downtrend ceiling, taking a small loss. Then buy back later if/when the trend is confirmed to be reversed.
