Crypto Week 8 Summary
good week, easy week.
Object: BTC Perp (5x).
Amplitude of the move in the object: -9.67%
Return: +19.5% (before commission); +18.5% (after commission)
Equity: 0.72.
Narrative on the market:
The market remains volatile, but the bears have finally gained the upper hand.
- Stopped Out: My short position from last week was stopped out at 68,300. The horizon arrows in the chart indicate my entry and exit points.
- New Short Position: A clear 2B pattern formed at the top, prompting me to short again at 68,100. The downward arrow on the chart marks my entry. I am still holding this short position and am ready to add more if there's a significant pullback. My short-term target is 59,000. If the market turns strongly bearish, we could see it drop to 57,000.
