Maybe I shouldn't have made that post. They gunned down my stop. Since it breached below the range (yet again so easily), I think I'll look to short now once it retraces back up to the bottom of the range.
Well, that was not fun. It looks like me and you are out, I got liquidated because I took out profits last night $11.3k and left $8k as collateral I was thinking of closing earlier today before going out. I'm not home right now, oh well, will see if there's opportunities later
I don't know about laughing but yea, hodling during a crash is all we can do, to think of long term Trading is difficult (for me, anyway) YTD, my non-btc holdings have been very profitable ROI vs bitcoin, which begs the question, why am I trading btc perp futures? Win or lose, everybody gets what they want out of the market - Ed S.
Well, first, 25212 is a big resistance level. So I'm not surprised the whales took their profits and ran. Small time retailers like us would not drive down the price that much that fast. Anyway, I suggest you hold off and monitor the price action before jumping back in. If this was the bull trap, as I think it might have been, then we're in trouble. Just my 2-cents.
I think I was a bit naive to think the rally would continue after taking out 25k. Anyway, the devil's advocate in me is egging me to short this damn thing.
Guys, remember. What you think the BTC will do is what you think the NDX will do. Don't dismiss that. The correlation between BTC and NDX is too stark to ignore. There are daily fluctuations for sure, but look at it on a weekly!