Big Biao Ke: I may have to ride out this move. The first major resistance above is at 78300–78800, followed by 81000–82000. The key level is 77000, and Fibonacci resistance is around 79700.
This is an awkward spot. If you’re looking to adjust your position, you could consider adding within the first major resistance zone, with a stop-loss above 79700. I’m currently holding a small BTC position, down 1300 points, and an ETH position, down 35 points.
The current signal is buy. In the short term, price dipped and then rebounded, breaking above the previous high. I misread this move and got caught chasing the rally and selling the dip. Although many friends have privately messaged me to offer comfort, and I’m still profitable overall, I’ve probably stopped out of five trades from last month to this month, with some breaking even along the way. This trade is getting a bit hard to sit through. Wins and losses are part of the game. I’m not going to dress it up with marketing talk: if I’m wrong, I have to own it. The current short position is risky; if you don’t want to keep getting ground down, you could consider taking the loss. We’ll make back those 1000-odd points together later.
I failed to capitalize on the midterm election volatility yesterday and today—my call was wrong. #BTC #ETH #Futures
This is an awkward spot. If you’re looking to adjust your position, you could consider adding within the first major resistance zone, with a stop-loss above 79700. I’m currently holding a small BTC position, down 1300 points, and an ETH position, down 35 points.
The current signal is buy. In the short term, price dipped and then rebounded, breaking above the previous high. I misread this move and got caught chasing the rally and selling the dip. Although many friends have privately messaged me to offer comfort, and I’m still profitable overall, I’ve probably stopped out of five trades from last month to this month, with some breaking even along the way. This trade is getting a bit hard to sit through. Wins and losses are part of the game. I’m not going to dress it up with marketing talk: if I’m wrong, I have to own it. The current short position is risky; if you don’t want to keep getting ground down, you could consider taking the loss. We’ll make back those 1000-odd points together later.
I failed to capitalize on the midterm election volatility yesterday and today—my call was wrong. #BTC #ETH #Futures