$BTC Last night the lowest price reached 82500, and now it has returned to 83400. The 4H chart is still below the 21-period moving average at 83879, so the trend is still downward. Therefore, I won’t open any new positions today and will first focus on the trades I already have.
Yesterday I said to wait, and not to chase above 85224. The high stopped at 84967, so that part was right. But the low fell below 82832, and that line did not hold. Ten old positions were closed, with one win and nine losses. All nine were exited at the preset stop-loss, and none were expanded. The only winning trade could not make up for it. Yesterday was an ugly day.
I currently hold six positions: five long and one short. $AMD was stopped out yesterday. After re-entering, it is now +2.17%, but the stop-loss at 595.55 is still below cost, so it is not safe yet. $NMR is the most painful one right now at -4.26%; it is still some distance away from the stop-loss, so I will keep holding it as planned. Another gold short is +1.06%; its movement is unrelated to the broader market, and as long as the trend is intact, I’ll continue holding it. The other three long positions are between -0.56% and -2.71%. These six positions are all part of my copy-trading portfolio, so the nine stop-loss exits yesterday were also suffered by those following me. The good and the bad, you see the same.
Resistance above is 84967, which was last night’s rebound high. Only if the 4H candle closes above it will the downtrend be considered over, and only then will I think about opening new long positions. Support below is 82500, last night’s low. A 4H close below it means selling pressure is not over yet; in that case, long positions should be stopped out as planned, and I will not chase short positions. As long as price stays between these two levels, I will do nothing. If the 4H closes below 82500, then today’s plan is invalid.
The fear and greed index is 73, which leans greedy, yet the 4H trend is still moving down. The last thing I should do today is let emotions push me into chasing longs.
#加密貨幣 #AITrading #BinanceSquare #copytrade
Yesterday I said to wait, and not to chase above 85224. The high stopped at 84967, so that part was right. But the low fell below 82832, and that line did not hold. Ten old positions were closed, with one win and nine losses. All nine were exited at the preset stop-loss, and none were expanded. The only winning trade could not make up for it. Yesterday was an ugly day.
I currently hold six positions: five long and one short. $AMD was stopped out yesterday. After re-entering, it is now +2.17%, but the stop-loss at 595.55 is still below cost, so it is not safe yet. $NMR is the most painful one right now at -4.26%; it is still some distance away from the stop-loss, so I will keep holding it as planned. Another gold short is +1.06%; its movement is unrelated to the broader market, and as long as the trend is intact, I’ll continue holding it. The other three long positions are between -0.56% and -2.71%. These six positions are all part of my copy-trading portfolio, so the nine stop-loss exits yesterday were also suffered by those following me. The good and the bad, you see the same.
Resistance above is 84967, which was last night’s rebound high. Only if the 4H candle closes above it will the downtrend be considered over, and only then will I think about opening new long positions. Support below is 82500, last night’s low. A 4H close below it means selling pressure is not over yet; in that case, long positions should be stopped out as planned, and I will not chase short positions. As long as price stays between these two levels, I will do nothing. If the 4H closes below 82500, then today’s plan is invalid.
The fear and greed index is 73, which leans greedy, yet the 4H trend is still moving down. The last thing I should do today is let emotions push me into chasing longs.
#加密貨幣 #AITrading #BinanceSquare #copytrade
