top of page
Search

Tricky breakout to call

After the last pump I was convinced that we'd have a correction. However, the RSI dropped from overbought down to some low levels whilst the BTC price more or less stayed constant and alts chopped around a little bit.

Last weekend I was adamant that prices would break upwards but got a bit nervy in the week and was slightly underwater whilst also reading from Web3Quant that he thought prices would head lower.

In any case, I was cautious before bed last night and may have missed some gains.

The other point to note is that I also, after the breakout happened, closed some trades thinking prices wouldn't go too far into overbought territory. I think I want more patience with the pumps when it's just the lower time frames which are overbought.

Brought home some good profits and will assess things ahead of next week


ree

 
 
 

Comments


bottom of page