My Doomed Long BTC in the wick
Updated
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.
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If one wick won't do, try anotherVery doubtful now, but I'm in lower. 50425 missed the buy below 50k, but I'll try to hold this one.
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New entry 48919. I doubt I want to try and catch another.
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Maybe a reverse blow off top? Grasping at straws here.Comment
Looking more constructive now. I'm wondering if today is options day.Comment
Still in, potential for short squeeze right now. If you follow, a long from here with tight stops.Trade active
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.Comment
And moved my stop up a bit just in case.Trade active
Looking slightly constructive:Comment
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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