My earlier assessment that there were no bullish opportunities in the short term was, in fact, correct. It’s just that opportunities emerged later on. Since these fell outside my trading logic, I chose not to trade.
#Bitcoin#BTC
At this price point, bulls should close their positions; there won't be any opportunities in the near term. As it stands, all three trades in my demo account are in profit.#Bitcoin#BTC
At this level, I’ve decided to open a long position to capture a minor rebound. I’ll need to set a stop-loss for this trade: if the price falls below 76,500, I’ll exit the position #Bitcoin#BTC
Looking at it this morning, the price has fallen a bit further. On the surface, it might seem like I closed my short positions too quickly, but I have no regrets. The market never lacks opportunities; what it lacks is patience #Bitcoin#BTC#Cryptocurrency
@BlairRussell79@XBusiness In sonar detection, the absence of an echo is, in itself, an extremely significant data point. It tells you that the medium ahead has a 100% absorption rate, or that there is a massive black hole present😂
This brings to mind a thought: rather than trying to predict fluctuations, one should aim to profit from them. At a micro level, fluctuations behave much like particles, inherently unpredictable. Perhaps it is a case of chaos resonating with chaos #Bitcoin
@Smart_Money Perhaps you could create a "fear index" that involves holding a long position, one that triggers when the index goes off the charts. That would be quite interesting