2026-6-7
Woke up to find the market has recovered a bit, which is nice. No matter how much it pumps, at least we can catch our breath 😂. I trimmed some of my spot positions that weren’t looking good, but I’m holding onto the decent ones. At the end of the day, they’re all just positions; if it dips more, I’ll just DCA in. If you missed the boat, there’s no point in regretting it. Whether it's a reversal or just a bounce is still up for debate. Just gotta say, picking up positions at the right price is key; being stuck is better than being stuck deeper than others.
Need to keep an eye on the upcoming price action. If the 4-hour chart shows a volume dip at 618-617, and holds at 616-612, then we need to reevaluate the idea that blindly shorting will yield profits. It won't just shoot up without some good news; in the short term, we can only expect to see around 635.
If you’re heavily leveraged on bad positions, remember to cut back a bit. Don’t panic if you’re stuck; if you’re not taking profits or reducing your position, this might not even be the start of a reversal. If this drop happens around the 21st and gets to about 592, then it’s definitely time to hold for a while.
Still watching the night session; it can either pump or dump, but it can’t keep dumping indefinitely. Otherwise, there’s a good chance we’ll see a nasty spike in the morning.
Markets always play out like this: once they drop to a certain level, everyone spreads panic, and when we get an oversold bounce, it’s like, why didn’t I build any positions? The market can’t just print money out of thin air; if your view aligns with the majority, you’re likely the one getting "rekt".
I'll post today's Macau Uncle later.
Woke up to find the market has recovered a bit, which is nice. No matter how much it pumps, at least we can catch our breath 😂. I trimmed some of my spot positions that weren’t looking good, but I’m holding onto the decent ones. At the end of the day, they’re all just positions; if it dips more, I’ll just DCA in. If you missed the boat, there’s no point in regretting it. Whether it's a reversal or just a bounce is still up for debate. Just gotta say, picking up positions at the right price is key; being stuck is better than being stuck deeper than others.
Need to keep an eye on the upcoming price action. If the 4-hour chart shows a volume dip at 618-617, and holds at 616-612, then we need to reevaluate the idea that blindly shorting will yield profits. It won't just shoot up without some good news; in the short term, we can only expect to see around 635.
If you’re heavily leveraged on bad positions, remember to cut back a bit. Don’t panic if you’re stuck; if you’re not taking profits or reducing your position, this might not even be the start of a reversal. If this drop happens around the 21st and gets to about 592, then it’s definitely time to hold for a while.
Still watching the night session; it can either pump or dump, but it can’t keep dumping indefinitely. Otherwise, there’s a good chance we’ll see a nasty spike in the morning.
Markets always play out like this: once they drop to a certain level, everyone spreads panic, and when we get an oversold bounce, it’s like, why didn’t I build any positions? The market can’t just print money out of thin air; if your view aligns with the majority, you’re likely the one getting "rekt".
I'll post today's Macau Uncle later.