This long position resulted in another loss,
but not a huge one.
The losses from the November 22nd wave were devastating; almost all the money I had in the crypto market is gone.
Also, I capitulated and lost half my money, setting a stop-loss at 80,000.
I've revised my pinned post; changed 135,000 to 97,000. Everything else remains the same. It's definitely a bear market.
Referring to yesterday's silver, since it has broken through key support levels, don't rush to buy the dip. I don't encourage shorting, but don't rush to buy the dip either.
BTC and silver are different from stocks; they don't have fundamental performance to calculate a reasonable price.
Therefore, you occasionally need to refer to technical indicators like key support and resistance levels.
These have some reference value for BTC, but I never refer to these things for stocks.
For example, if you tell me these things about CRCL, I'll think you're an idiot 😂
But for BTC, there's really not much to refer to. Key levels are one factor. Breaking below 80,000... I changed the pinned post from 135,000 to 97,000.