$BTC
When Bitcoin broke below $75K, I made a few updates around that, including two video updates while BTC was trading under $75K. I discussed the situation on the daily chart and also shared why I don't really see any reason to be bullish on BTC from a trading perspective.
Those videos are still on my profile. One of them is attached under this post, so you can still watch it.
But I don't want to pretend that I got everything right or that I'm unaffected by this move. I'm holding a long-term Bitcoin bag as well, so obviously it's hurting me, even though it's a long-term position.
I will update my long term plan as well but by the end of the month.
When it comes to lower-timeframe trading, though, we kind of knew things weren't looking good for Bitcoin after it broke below $75K.
So, what now?
I think there's nothing much to do except wait for the right market environment.
I'm doing absolutely nothing when it comes to trading. I haven't touched the market since early October, and I've said this before. I still stand by the same words: this isn't the kind of market environment I like to trade.
So I'll continue keeping myself away from trading until things improve.
When Bitcoin broke below $75K, I made a few updates around that, including two video updates while BTC was trading under $75K. I discussed the situation on the daily chart and also shared why I don't really see any reason to be bullish on BTC from a trading perspective.
Those videos are still on my profile. One of them is attached under this post, so you can still watch it.
But I don't want to pretend that I got everything right or that I'm unaffected by this move. I'm holding a long-term Bitcoin bag as well, so obviously it's hurting me, even though it's a long-term position.
I will update my long term plan as well but by the end of the month.
When it comes to lower-timeframe trading, though, we kind of knew things weren't looking good for Bitcoin after it broke below $75K.
So, what now?
I think there's nothing much to do except wait for the right market environment.
I'm doing absolutely nothing when it comes to trading. I haven't touched the market since early October, and I've said this before. I still stand by the same words: this isn't the kind of market environment I like to trade.
So I'll continue keeping myself away from trading until things improve.
