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But when it becomes obvious that "the bull market it isn't", it's pretty late, especially if you were already long. Regardless, you're right that it's better to BTFD than to try to pick the top. Trust me on that one. :)

If you can update your Instagram in China, then surely you can update your TikTok in the US, no? People are so silly. :rolleyes:

As a starter, allow me to say that I too totally understand your perspective. I would love to see BTC shoot for the moon without any interuption. But as I laid out a few days ago, I believe we've went up too fast too soon. And we're taking a breather at the moment. Now, if this was any normal...

Oh, so it grows on trees...like money. Who woulda thought. :D

Ya better stock up before they're gone for ever. Corona turned us all into hoarders. :sneaky:

Sooner or later, we will see a black market for these luxury items. :D

The reason why I'm so antsy is because we've crossed back below 69K. In ordinary trading parlance, this is usually called a TRAP, which is frankly the worst thing a trader can face. Thank god, it's now back above 69K. But if we close below 69K, we could see more selloffs in the coming days...

I'm not trying to dash your optimism. As previously stated, I too believe BTC will eventually get up to 100K. But it won't go straight up in one shot, which everyone seems to think or want to believe. There will be corrections along the way. BTW I've been trading for over 30 years and you know...

At this price, I'm afraid I won't be able to afford my favorite hot cocoa or a box of Godiva.

NQ is trading below its 20-day EMA today. ES will soon follow. I still have until next Wednesday before this wraps up. :)

Back in 2021 when the market was trading at the ATH, would you have listened to me if I had suggested you scale back or get out altogether? Probably not. :) I'm of the opinion that markets move in cycles, long term or short term and you need to exercise more restraint when the market gets far...

. So it sounds like you've been through this before to know that what comes after these crazy parabolic moves are scary corrections. Anyway, as far as hedging is concerned, you could certainly diversify with another less volatile one, although they would both likely suffer when the market...

Maybe tomorrow :). I first wanna see how it reacts during the US market hours. Listen, I ain't trying to piss any of you off with my doomsday scenario but this does look worrisome. Just play it safe.

Yeah, but the March 5th drop came just when we were coming up against the 2021 ATH. This time, we're crossing back down. That has a different narrative altogether.

Well I hope you're right. But I've seen so many similar PAs in the past that it's hard to merely shrug it off. These so-called "inflows" in my view are merely the late comers, aka the dumb money who end up as bag holders. The selling you see now are orchestrated by the smart money. Anyway, it's...

Well, I hate to break it to ya, but it doesn't look all that good ATM. From a technical point of view, this looks downright ugly. The horizontal line is the previous ATH in 2021, which we really shouldn't have breached, and the diagonal is the obvious trendline albeit an important one IMO. Let's...

I've been also thinking about switching over to daytrading one of these bitcoin ETFs. They seem to have good liquidity with small enough spreads that makes it worth considering.

Kudos to ya. I did short a little bit earlier, but not too much. Currently, it's trading at 67,800-ish and I'm looking to go long.

You mean this Dan Pena who says Bitcoin will ultimately go to $0 ??? :wtf: Check it out for yourself.

Massive manipulation going on tonight. :) Hope you're all doing okay.