Perfect kryptonite breakout pattern I had been trying to anticipate on the previous buy alerts
There goes bitcoin, dropping out of the “smart trader” zone for selling/shorting
And now back under the 50ma... playing out exactly as I laid out in the last YouTube video so far
So remaining cash heavy. There was a lot of so so trades that I could have taken but I probably wouldn’t have been very consistent and just burn up mental and physical capital. Would rather just stay cash heavy and not add any stress. And when the time comes and I see the opportunities and patterns I like to trade I have the confidence and cash to put to work
ETH has been on a huge run, so I have no desire to chase after that. The train left the station and now there’s no strong risk/reward (short term perspective) to buy into that.
And if ETH/btc sees a pullback, any alts you are holding will start selling off also
Which is why I haven’t had much market exposure as of late. Just xrp