At 6:50, I woke up before the alarm even went off, grabbed my phone, and opened the charts. Morning 72 of this ongoing series, and my account still looks half-dead.
BTC is currently at 73,802, down 2% in 24 hours, sliding all the way from 75,442 to 72,727, with over 1.2 billion U in trading volume. The whole 4-hour chart is just grinding back and forth. My system’s signal is choppy, with a bearish bias; ETH looks even more bearish. Honestly, I didn’t reduce my position last night, and now I’m feeling a bit numb. That’s the price of my hands being slower than my brain.
I believe that trending post about $1.16 billion in liquidations over 24 hours. In this kind of market, with wicks shooting up and down, both longs and shorts get badly battered. You know, a couple of days ago I was watching the small-cap coins rally and almost tried to catch a bounce in PEPE and WIF. The system stopped me, and looking back, it saved me some money. But let’s not praise it too much: last week it had me chasing a short on ETH, and I got stopped out cleanly.
Honestly, I’m sitting this one out today. I’ll wait for this 4-hour candle to close before deciding. I got scared, I admit it.
To be honest, would you cut your position in half and wait for things to settle, or tough it out and wait for a rebound?
#₿ BTC $XAUT $BTC
BTC is currently at 73,802, down 2% in 24 hours, sliding all the way from 75,442 to 72,727, with over 1.2 billion U in trading volume. The whole 4-hour chart is just grinding back and forth. My system’s signal is choppy, with a bearish bias; ETH looks even more bearish. Honestly, I didn’t reduce my position last night, and now I’m feeling a bit numb. That’s the price of my hands being slower than my brain.
I believe that trending post about $1.16 billion in liquidations over 24 hours. In this kind of market, with wicks shooting up and down, both longs and shorts get badly battered. You know, a couple of days ago I was watching the small-cap coins rally and almost tried to catch a bounce in PEPE and WIF. The system stopped me, and looking back, it saved me some money. But let’s not praise it too much: last week it had me chasing a short on ETH, and I got stopped out cleanly.
Honestly, I’m sitting this one out today. I’ll wait for this 4-hour candle to close before deciding. I got scared, I admit it.
To be honest, would you cut your position in half and wait for things to settle, or tough it out and wait for a rebound?
#₿ BTC $XAUT $BTC
