JJMa

My Doomed Long BTC in the wick

JJMa 업데이트됨   
BYBIT:BTCUSD   None
Keeping stop above entry, would really like this to be the bottom of the late unpleasantness, but selling continues to be relentless. No doubt sellers are trying to drive price down to 50K or lower. 50k is psychological support for "normies" so I think it is worth trying a long from here with a tight stop. Don't lose money on things like "the big magic number has to be defended at all costs." That sort of thinking is what gets people (bulls most often) rekt.
코멘트:
If one wick won't do, try another


Very doubtful now, but I'm in lower. 50425 missed the buy below 50k, but I'll try to hold this one.
코멘트:

New entry 48919. I doubt I want to try and catch another.
코멘트:
Maybe a reverse blow off top? Grasping at straws here.
코멘트:
Looking more constructive now. I'm wondering if today is options day.

코멘트:
Still in, potential for short squeeze right now. If you follow, a long from here with tight stops.

액티브 트레이드:
Yes I fell asleep when price went up last night, left my stop way down near entry - silly me, but we have a decent move up going on now. Clearing down-channel is possible and then up. Target 51200 or higher.

코멘트:
And moved my stop up a bit just in case.
액티브 트레이드:
Looking slightly constructive:

코멘트:
A move like this gets fought tooth and claw...doesn't feel like a bull market anymore...Looking like too much technical and psychological damage was done...still hopeful, but hope is not a strategy.


I think Joe Biden doesn't realize that if he rekt the market, there will not be any "profits" to tax to fund programs for layabouts.

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