My live-trading journal is up to page 73, and the edges of the notebook are covered in coffee stains. The four-hour chart has been grinding sideways all night, with ₿ BTC hovering around 73,900 and change. It briefly topped 74,800 but couldn’t hold. The system’s signal this morning was still to wait and see. I stared at the screen, hesitating for ages, but didn’t make a move. Honestly, it’s a little frustrating. I chickened out and missed the move the day before yesterday, so now all I can do is watch.
What caught my attention, though, was that Barclays increased its holdings in BlackRock’s Bitcoin ETF by 48%… Institutions are quietly adding while retail traders complain about the sideways action in the chat groups. It’s a familiar scene. My take: as long as 73,100 holds, I’ll treat the chop as a shakeout. If it breaks, I’ll admit I was wrong. I also took a quick look at XAUT—the safe-haven side has seen a bit of movement lately, so I’ll keep it on my watchlist for now…
At this level, would you trim your position a little during the chop and wait for a pullback, or hold your position and bet on a breakout?
#BTC $XAUT $BTC
What caught my attention, though, was that Barclays increased its holdings in BlackRock’s Bitcoin ETF by 48%… Institutions are quietly adding while retail traders complain about the sideways action in the chat groups. It’s a familiar scene. My take: as long as 73,100 holds, I’ll treat the chop as a shakeout. If it breaks, I’ll admit I was wrong. I also took a quick look at XAUT—the safe-haven side has seen a bit of movement lately, so I’ll keep it on my watchlist for now…
At this level, would you trim your position a little during the chop and wait for a pullback, or hold your position and bet on a breakout?
#BTC $XAUT $BTC
