Because several people have been asking, let me break down that trade from Friday.



Originally I was holding short positions. The expectation for Bitcoin was to exit the entire position around 680-685. For Ethereum, I mentioned reducing the position by half at 2100, and keeping the other half to gamble on a break below 2100 down to 2060 where we'd exit completely.

Then, the plan was to consider opening long positions for Bitcoin around 680, and for Ethereum around 2030-2050. This was the original expectation.

Speaking in hindsight, all these levels were hit perfectly. All short positions closed and we switched to long positions, which all started showing profits. But as they say, man proposes and God disposes, so let's not dwell on it.

On Friday, the short positions closed early, and we opened long positions in the second half of the night. Bitcoin opened at 695, Ethereum at 2125. To be honest, the longs weren't problematic either.

Later, Bitcoin rallied to 710, Ethereum to 2165. We got a bit greedy and didn't exit. By today, all the cost defense levels were broken...

Because I didn't stream over the weekend, some of you didn't exit positions, didn't get the cost defense updates, and didn't set stop losses either. So the results turned out different for everyone.

No other meaning behind this—whether right or wrong, I put it all out there. I take responsibility for not reminding everyone. In the future, even on weekends without streams, I'll post summaries and reminders for you all. $BTC $ETH
BTC-2,93%
ETH-3,62%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin