Discipline and consistency play a significant role in trading.I took my $BTC trade when it was above $74,000. There, I called for a breakdown toward $65,500. After my entry, price dropped to $67,200, then bounced back to $72,000 due to fundamentals which are not in my control. I mainly follow technicals, though I do consider fundamentals. But things like Trump tweets… nobody knows what’s coming next.
Technically, the move toward $65,500 was clear.
Now, why do I stress discipline? Because as a technical analyst, you need a plan and you must stick to it. Confidence in your setup matters. I’m still holding my BTC short and updating you along the way. I even scalped a long, but didn’t close it because I wasn’t convinced BTC could break above $72K without sweeping the lows first. Probabilities change over time, but on the weekly, direction and sentiment stay clear.
Anyway, back to the market dominance is at resistance, just like I mentioned earlier. BTC around $68,200 with dominance at resistance. Now I’m waiting for dominance to push toward 8.2% and BTC to tap the $66,500–$66,800 zone. That’s where I’ll look to flip into a long.
Let’s see what I secure on the short and how the long plan plays out. Until BTC reaches that zone, alts like ETH and $SOL are likely to stay under pressure.Including TAO
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$SIREN with the sharp moves😆😆