Not wishing at all... I am looking forward for the leg up actually
Is just that in the 2h chart I see a big motherfu**ing head and shoulder. I hope it gets out of there...Although maybe a good final fall is what we need right now
Is just that in the 2h chart I see a big motherfu**ing head and shoulder. I hope it gets out of there...Although maybe a good final fall is what we need right now
If you put so much credence on technical analysis - for example head and shoulders, then does that cause you to make some adjustments to your strategy - for example buy less, wait, sell a little more, wait?
I will tell you my own BTC portfolio, and that is currently, I am about 94% bitcoin and 6% fiat, so I am feeling a tiny bit overallocated in bitcoin, but that overallocation came, in part from our two downwards corrections of the past couple of weeks.
Surely, I would feel a little bit stressed if prices dip below $2500, or something like that, and then I will say that I should have sold more at $3750 - but it is not my practice to sell in the middle of these kinds of matters or if it seems that we are going down because I only sell as we are going up and buy as we are going down, but in increments - so I don't want to fuck things up by doing the opposite that I am supposed to do, unless it is really clear to me.. and it is almost never clear.. so I feel better just sticking with my system.. and not trying to put too much weight into assertions that are relying on TA.. but really may or may not happen... maybe there is a 60% or a 70% chance that some kind of down will happen.. but that seems way too fucking risky for me to sell another 1% or .5% of my coin, and screw up my system and it ends up that sticking to the original system is working just fine... so if the price goes down I will buy and if it goes up I will sell... maybe I will add a little bit here or there, but does not really seem that clear in order to make any actual meaningful changes to a system that already works well.
