Yesterday I wrote: the trend filter has been keeping longs off-limits for almost a day, BTC was approaching an important level, and at times like this there’s often one more final candle down 📉

Well, there it is 🤷‍♂️

BTC dropped below 70,000 today, hitting a low of 67,449. That’s almost −9% from 11.11.

It’s not magic, and it’s not “I told you so.” I’ve seen this dozens of times: the market slides for a long time, long traders hold on, and then one candle wipes them all out at once.

And honestly, there’s no guarantee this is the bottom. The decline may not be over. So I don’t try to guess the bottom; I wait for the filter to allow longs again 👀

While longs were off-limits, my system ran overnight: 5 out of 8 trades were profitable.

Find the Cryptanov website 🔎 — it has the market mode and all the signals, all out in the open.

Not financial advice.

$BTC $ETH
#cryptanov #bitcoin #crypto