Sounds like you got rekt..happens when youre calling for 3k moves to the downside...TA is meanliness with these trends if youre bearish
DadShark
⋅
@six19trading, Hey, I had a few stops hit. Market conditions change, adapting and recognizing macro level trend changes is a part of the game. Until the relevant mean reversion pivots form not having a bias is the safest way to go!
Attempting to predict and ride a bullish parabolic trend a year and a half into a deep bear market isn't logical. Either the bull market starts here and now, which is unlikely as it'd require an unrealistic amount of macro level force, or we see another period of cozy compression full of mean reversions on the micro timeframes.
Having a plan B is more important than having a perfect plan A. Hell, I won't mind if I'm wrong predicting compression. The amount of of opportunity that comes with a crypto bull market is unreal.
six19trading
⋅
@DadShark, Seems not natural to go against the trend. We are due for a pullback however but I dont think it will be substantial
DadShark
⋅
@six19trading, Right, I thought I was pretty clear in the video today that I've washed my hands of a prediction and am waiting for actual pivots to form. I don't have an opinion as to direction until that happens.