strong buy
Bitcoin Long Exit Mistake and Market Wait
The conclusion from today's developments suggests that exiting the long position on BTC was a mistake, and it could have been closed with at least some profit today. However, this realization comes retrospectively. In practice, I always withdraw from a position when serious market turmoil begins, since it's unpredictable where it will lead. I exited with minimal loss, practically close to zero. My trading approach is risk-based rather than profit-driven, and I plan to make countless trades since I have only one deposit.
This time, the market chose to ignore the Middle East conflict. During the previous episode in April 2024, the reaction was extremely negative. Guess what might happen next? Therefore, I believe it’s better not to tempt fate and wait for the market to clarify its direction.
Regarding Altlei (TOTAL3), there are no changes for now. The key support level stands at $800 billion, and as long as it holds, the target range remains between $950 billion and $1 trillion. I am not touching my medium-term portfolio #table and am waiting for a resolution. Any sales will be communicated.
I am not providing new entry points at the moment since, despite today’s positive momentum, most altcoins are entangled in their daily moving averages and are moving sideways. I want to see stronger buying signals before considering new entries.
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AI Analysis
The recent market behavior around Bitcoin demonstrates the complexities of short-term trading and the importance of risk management. Although the trader recognizes that exiting the long position was a...
AI Recommendation
Advising patience and discipline, it is wise to wait for stronger confirmation before re-entering the market. The current sideways movement across many altcoins suggests a congested phase, where prema...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.