market update & system upgrade
its been rough out there. hope you are ok.
not going to preach.
just do what you need to survive this phase.
you can always make it back in the next risk-on cycle.
trend is clearly down (we will come to it in a bit) but i felt we would see some sort of relief rally. i got that wrong.
the reason behind this will only be known in hindsight.
my guess its a combination of
- massive player getting carried out / forced selling.
- OGs selling billions. its one thing to book profits another to exit 100%.
folks who have held BTC from 2011 exiting 100% of their holding sends a very strong signal and loss of confidence. - we are getting this when tradfi has just started to rollover.
regardless of the reason, we still need a plan for the next move. that is where the system matters.
most will leave the space and many will call its over forever.
but such times are great to focus on improving your game and the systems while we wait for risk on.
regardless of the phase there will always be trade opportunities.
best to focus on those.
NEXT UPGRADE Im working on.
i like HeikinAshi candles for the clean read. less noise. fits my style.
but for many
- not intuitive hence less trust compared to regular candles.
- conflicts with their own systems
- creates UX issues with alerts
i am working on making the system work on both HA and regular candles seamlessly while retaining the same or better signals.
will push it live when its ready and send a note.
as you can see. in terms of signal quality and reliability the system has outperformed.
these new upgrade will allow you to deploy and follow the system with even more confidence.
SYSTEM PERFORMANCE
LTF system handled this move beautifully.
this sell alone pays for itself many times over.
now watching for the next buy and how it plays out.
below I have also attached HTF.
it signaled sell in mid AUG for BTC and in Sep for ETH. perfectly near the highs.
see you in the next one.