I’m about to go on a three day vacation so what better start to that trip than with Bitcoin nuking -5% on a Thursday afternoon? None if you ask me, because no matter what happens day to day I will follow my systems ruthlessly & without emotion.
I decided to let this trade play out because I don’t want to implement changes mid-position.
Interestingly enough the price action and how the indicator has performed mimics previous bear market trend head-fakes so that does not bode well for the asset class overall in my opinion. We’d really need to see some sustained positive momentum for that to shift.
As always I will continue to diligently work on improving the systems but I’ll sleep well knowing next time we get a signal we’ll only be allocating 25% until both signals confirm a sustained uptrend.
Please don’t hesitate to DM me on X with any questions.
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