When to catch the falling knife?

1 thg 5, 2024

I've been in doom mode for quite a while now. But bear market rallies are the best :D Usually they are fast and aggressive.

So here is a level of interest for me. I'll be watching it on LTFs for a trade decision.

3 thg 5, 2024

Ghi chú

I think this is bad. Probably forget 54-55.

3 thg 5, 2024

Ghi chú

I'm not even looking at crypto twitter etc. but I bet posts started to appear about how similar these 2 ranges are. But they are not at all.

3 thg 5, 2024

Ghi chú

It's probably simple like this right now. Break 63k, it makes a new high. Else we go below 50.

3 thg 5, 2024

Ghi chú

I had short on 2 alts and nothing else in crypto. Now I got myself a small 61.8k short. Let's see. If it doesn't work, close all shorts and probably have some longs on good charts.

3 thg 5, 2024

Ghi chú

If this falls back down in the range, it'll be a good signal. BTC is often leveraged NASDAQ.

3 thg 5, 2024

Ghi chú

Look at this. Make no mistake. Bears haven't made any money if any still alive. Extremely efficient market. It's incredibly hard to make money from shorts anyway. It's even hard to trust an exchange to hold your money in crypto bear markets. So forget about "Everyone is bearish" I'd say.

4 thg 5, 2024

Ghi chú

It's above 63k but.. One, this is pump. I mean not a trend. "Fast and aggressive" Two, it's a weekend :D It's just written short squeeze written all over it.

6 thg 5, 2024

Ghi chú

I mean it's bullish undeniably. But It could be just like May '21. Hit into the weekly resistance and die.