Guys, one thing is clear to me: $BTR is likely to move lower sooner or later. However, before the drop, it could still print one more bullish candle and sweep out short sellers by hitting their stop losses. On the other hand, there's also a chance it starts dropping from the current level.
That's why I'm not waiting. I'm opening a small short position now. If the price moves higher first, I'll DCA into my position at better levels. If it starts dropping from here, I'll add to my position while ...
So I thought we'd bounce back fast, right? But nope — $BTC got slapped down hard at $78k. That kind of quick rejection? Not a good look.
If this keeps sliding like it did last week, we might see some nasty liquidation wicks again. The zones I'm watching:
$75,800–76,200
$74,000
Those are the spots where I'd actually consider loading up. Not saying it's guaranteed, but if we wick down there, that's where the real opportunity might be. Just gotta be patient and not chase every little move.
Being patient enough to catch a big move is often the least exciting part of trading and probably the part very few people have the patience to stick with.
For me, the edge is knowing when it’s time to play aggressively.
Until then, I’m comfortable taking singles, scratches, controlled wins and losses, while keeping the number of trades relatively small.
I don’t need to force a trade just because the market is moving.
Unless I start seeing clear high-timeframe continuation, I’ll likely keep ...