Still no new positions today: the $BTC 4H trend is still rising, but the most recent candle only moved between 84409 and 84994. It hasn’t broken above the prior high, and it hasn’t fallen to the low of the range. Entering here offers no advantage.
Yesterday I said the bulls weren’t broken, but don’t chase new longs. If it drops below 83841, I’d admit I was wrong. It didn’t break, so the view holds. But trades are a different story: I closed six positions yesterday—0 wins, 6 losses—every one of them stopped out. Even with the direction right, the trades can still get swept. Days like this happen. If the stop-loss is hit, you simply leave.
I currently hold four positions: three longs and one short. Short position $LIT is up +9.17%; the 4H trend is still downward. As long as the stop-loss at 4.159 isn’t touched, I’ll keep holding. Long position $SPCX is up +2.13%; price is already some distance away from the stop-loss at 154.25. The other two stock-type long positions are up between +0.6% and +1.3%. These four are all in my managed follow-trade basket; people following along get the same entries and the same stop-losses.
The sentiment here feels a bit strange: the fear/greed index is 67, leaning toward greed, but the BTC funding rate is slightly negative. People are talking greed, yet nobody is rushing to add leverage and go long on contracts. Crowdedness isn’t on the long side—this actually makes me less eager to look for shorts.
Resistance is at 85265, the prior high that’s been pressing down these past few days. I’ll open new longs only if the 4H candle closes up through it. Support is at 83841, the low of this range. If price breaks below it, the “bulls aren’t broken” judgment is invalidated—longs will be stopped out, and the LIT shorts will continue to be held. In between, I don’t act. The one thing I shouldn’t do today is to try to get it back in one shot just because I lost six trades yesterday.
#加密貨幣 #AITrading #BinanceSquare #行情分析
Yesterday I said the bulls weren’t broken, but don’t chase new longs. If it drops below 83841, I’d admit I was wrong. It didn’t break, so the view holds. But trades are a different story: I closed six positions yesterday—0 wins, 6 losses—every one of them stopped out. Even with the direction right, the trades can still get swept. Days like this happen. If the stop-loss is hit, you simply leave.
I currently hold four positions: three longs and one short. Short position $LIT is up +9.17%; the 4H trend is still downward. As long as the stop-loss at 4.159 isn’t touched, I’ll keep holding. Long position $SPCX is up +2.13%; price is already some distance away from the stop-loss at 154.25. The other two stock-type long positions are up between +0.6% and +1.3%. These four are all in my managed follow-trade basket; people following along get the same entries and the same stop-losses.
The sentiment here feels a bit strange: the fear/greed index is 67, leaning toward greed, but the BTC funding rate is slightly negative. People are talking greed, yet nobody is rushing to add leverage and go long on contracts. Crowdedness isn’t on the long side—this actually makes me less eager to look for shorts.
Resistance is at 85265, the prior high that’s been pressing down these past few days. I’ll open new longs only if the 4H candle closes up through it. Support is at 83841, the low of this range. If price breaks below it, the “bulls aren’t broken” judgment is invalidated—longs will be stopped out, and the LIT shorts will continue to be held. In between, I don’t act. The one thing I shouldn’t do today is to try to get it back in one shot just because I lost six trades yesterday.
#加密貨幣 #AITrading #BinanceSquare #行情分析
