Nobody knows whether $65K or $94K prints first, and that gap is where most $BTC plans quietly fall apart.
You can be right on direction and still get wiped if you're deciding mid-wick, over-levered, or sized like a 20% dip isn't allowed. That's the version of this market that actually takes the money.
Pick the daily close that changes your mind before the candle does, so a long wick doesn't talk you into a new thesis. Check the leverage too. Open interest rose while price fell on the Oct 15 drop, which means a lot of traders are still one sharp move from a forced exit. If you're in spot, size it so a 20% drawdown is survivable, because that drawdown is always on the table. And if you're holding rather than trading, get those coins off the exchange so a bad session isn't also a custody problem.
Same idea if $ETH is in the same book. Forecasts are optional. A position you can still hold after the wrong level hits first is not.
Anyone else seeing this range as a positioning problem more than a prediction problem?
#Bitcoin #BTC #Crypto
You can be right on direction and still get wiped if you're deciding mid-wick, over-levered, or sized like a 20% dip isn't allowed. That's the version of this market that actually takes the money.
Pick the daily close that changes your mind before the candle does, so a long wick doesn't talk you into a new thesis. Check the leverage too. Open interest rose while price fell on the Oct 15 drop, which means a lot of traders are still one sharp move from a forced exit. If you're in spot, size it so a 20% drawdown is survivable, because that drawdown is always on the table. And if you're holding rather than trading, get those coins off the exchange so a bad session isn't also a custody problem.
Same idea if $ETH is in the same book. Forecasts are optional. A position you can still hold after the wrong level hits first is not.
Anyone else seeing this range as a positioning problem more than a prediction problem?
#Bitcoin #BTC #Crypto