₿ BTC 80,399, up 1.9%, but on the 4-hour timeframe it’s still ranging. The signal my system gave me today is “wait and watch”—there’s no good reason to chase longs, and I don’t have the courage to short. This spot is really awkward: 80,849 above is resistance, and 78,546 below is support. I’m choosing to stay in cash and observe.
To be honest, last night for a moment I wanted to place a buy order around 78,800, but the system said the volume was insufficient, so I held back. Turns out it didn’t really give the opportunity today—proving the system is steadier than I am. I’m waiting for a breakout: either a breakout and close above 80,849 with volume, or a breakdown below 78,546 to look for an opportunity again. I won’t touch the middle range.
Are you guys bold enough to open positions at this level? As for me, I’m holding XAUT as my core position, which makes me feel a lot more at ease.$BTC $ETH $XAUT
To be honest, last night for a moment I wanted to place a buy order around 78,800, but the system said the volume was insufficient, so I held back. Turns out it didn’t really give the opportunity today—proving the system is steadier than I am. I’m waiting for a breakout: either a breakout and close above 80,849 with volume, or a breakdown below 78,546 to look for an opportunity again. I won’t touch the middle range.
Are you guys bold enough to open positions at this level? As for me, I’m holding XAUT as my core position, which makes me feel a lot more at ease.$BTC $ETH $XAUT