Outlaw: Finally, a pullback. The first major resistance has held; it will continue falling only if 77700 breaks. That level is a short-term support/resistance flip. If the market stalls here, this level should provide support.
We may have to sit tight through this move. The first major resistance above is 78300–78800, followed by 81000–82000. The key point of contention is 77000, and the Fibonacci resistance is at 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. We’re currently holding a small position in BTC, down 1300 points, and ETH, down 35 points.
The current signal is a buy. In the short term, price dipped and then rallied back, even breaking above the previous high. I misread this move chasing the rally and selling the dip. Although many friends 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 of them reaching breakeven along the way. This trade is getting difficult to sit through. Wins and losses are part of the game. I’m not good at all that sales talk, but when I’m wrong, I have to admit 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 those 1000-odd points back together later.
I failed to capitalize on the midterm election volatility yesterday and today, and my judgment was off. #BTC #ETH #futures
We may have to sit tight through this move. The first major resistance above is 78300–78800, followed by 81000–82000. The key point of contention is 77000, and the Fibonacci resistance is at 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. We’re currently holding a small position in BTC, down 1300 points, and ETH, down 35 points.
The current signal is a buy. In the short term, price dipped and then rallied back, even breaking above the previous high. I misread this move chasing the rally and selling the dip. Although many friends 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 of them reaching breakeven along the way. This trade is getting difficult to sit through. Wins and losses are part of the game. I’m not good at all that sales talk, but when I’m wrong, I have to admit 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 those 1000-odd points back together later.
I failed to capitalize on the midterm election volatility yesterday and today, and my judgment was off. #BTC #ETH #futures