Let me share something I still can't figure out.
Day 44 of live trading, and the move is still the same: reduce positions.
ETH is at 2,419 now, down 3.2% in 24 hours, with a high of 2,530 and a low of 2,404. It's been steadily sliding, with no decent rebound. My AI system is also bearish on the 4-hour timeframe, in line with the market, so I got out of those small long positions a while ago. The exit wasn't great—I left some profit on the table—but at least I didn't take a hit.
I'd be lying if I said I wasn't tempted. Seeing other people post their trades really makes me want to jump in. But looking back at my own records, every time I gave in to that urge, it ended badly.
I haven't touched my XAUT, though. Safe-haven assets don't move much, so holding them doesn't stress me out.
On this 4-hour BTC candle, the bulls say low volume is a good thing; the bears say it's still going to break lower. I'm not good enough to pick a side, so I'll just stay on the sidelines for now and wait for the system to give a clear signal.
Are you buying the dip or waiting this one out?
#₿ BTC $XAUT $BTC
Day 44 of live trading, and the move is still the same: reduce positions.
ETH is at 2,419 now, down 3.2% in 24 hours, with a high of 2,530 and a low of 2,404. It's been steadily sliding, with no decent rebound. My AI system is also bearish on the 4-hour timeframe, in line with the market, so I got out of those small long positions a while ago. The exit wasn't great—I left some profit on the table—but at least I didn't take a hit.
I'd be lying if I said I wasn't tempted. Seeing other people post their trades really makes me want to jump in. But looking back at my own records, every time I gave in to that urge, it ended badly.
I haven't touched my XAUT, though. Safe-haven assets don't move much, so holding them doesn't stress me out.
On this 4-hour BTC candle, the bulls say low volume is a good thing; the bears say it's still going to break lower. I'm not good enough to pick a side, so I'll just stay on the sidelines for now and wait for the system to give a clear signal.
Are you buying the dip or waiting this one out?
#₿ BTC $XAUT $BTC