Good afternoon allšDiscussion
I think there is going to be a big move soon. There is general anxiety in the market, no one has the slightest idea which way the price will move.
-Can price rebound 20-30%, giving us the first (full) bearish retest on the big time frames? ... Yes.
- Could price continue to fall precipitously, driving everyone who took the long to poverty? ... Also yes.
If you think you missed a move because price went up 10% or 20%, think about it the other way around:
Prices are still at 2018-2019 levels. That was the area I was thinking about. Right now, the price depends on buyer interest, and there isn't any. You are not overvaluing anything. Stay calm and realize that we are playing a long game. There will always be opportunities, you don't have to make every trade, every percentage or every move to make money.
I am still hopeful that we will eventually see some volatility and retests of the daily trends so that we can consider entering new positions before the end of the week, because so far, like last week, things have been incredibly dull and quiet.
The levels we are at today are exactly the same as last week, (ability to break the H4 trend to get a proper retest of the daily trend. The ability to hold the D1 100 MA on ETH, the ability to recover lost daily trends or not? - In general, anything that might indicate a continuation or reversal of the trend.
I remain convinced that those who minimize the frequency of their trades and focus on preserving capital succeed in these market conditions.
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