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What's up guys! Following up with Bitcoin today! We've ditched into the "resistance level" at around $72k multiple times now. To be honest, I don't like "support/resistance level", I always associate them with retail trading, which isn't really my style since I use other parameters to define my bias/levels/patterns etc. 

bloodbath or chance ?

Despite expectations, Bitcoin has so far shown no signs of wanting to break through the USD 74,000 mark. This increases the likelihood that Bitcoin could retest its upward trend at around USD 59,000. In the slipstream of the leading cryptocurrency, other cryptocurrencies could also fall temporarily. However, I remain invested as I believe a bullish triangle is forming, which makes a breakout seem only a matter of time. Despite the expected volatility, I recommend remaining calm and holding existing positions. It seems relatively unlikely to me that cryptocurrencies, which have so far shown relative strength against Bitcoin, will collapse significantly. 

Il trading non riguarda solo i numeri; è un gioco mentale. 🧠💹 Lo sviluppo della mentalità giusta è fondamentale per navigare le acque imprevedibili dei mercati finanziari. 💼✨ Qual è IL TUO segreto per mantenere la concentrazione durante la volatilità del mercato? Sei un rischiatore o un pianificatore meticoloso? 💭 Condividi la tua mentalità di trading nei commenti qui sotto e scateniamo una conversazione! 🔥💬 Che tu sia un esperto navigato o solo agli inizi, costruiamo una comunità di trader che si sostengono a vicenda in questo emozionante percorso. 🌐💪 Rispondi con il tuo mantra mentale, le strategie preferite o qualsiasi consiglio tu giuri! 🌱💼 #TradingMindset #MarketMinds #ShareYourWisdom

I attach an image as an example.

As the global financial landscape continues to evolve, it’s becoming increasingly evident that we’re standing at a crossroads. The recent market turbulence has been nothing short of a rollercoaster ride, with various factors at play, each contributing to the chaotic symphony of economic uncertainty.

A new trade in Bitcoin Dollar

While last week it looked as if the US indices would simply ignore the weak seasonal period until mid-October, the daily candles of the last three days on all three indices I monitor show that they are likely to test the 10-week moving average. Should stronger downward momentum emerge, it could even go as far as the 30-week line - but this is clearly the alternative scenario. Specifically, I expect a small reduction in the overbought market situation on the S&P 500 up to the short-term uptrend in the region of 5,580 points.The positive underlying trend towards the end of the year remains in place for all three indices. The Chinese central bank provided a strong stimulus this week. In addition to the FED and the ECB, the Chinese central bank is now a new player actively intervening in the financial markets. In addition to interest rate cuts, various measures were also adopted, such as a quota for real estate and equity investments. In my view, this clearly falls into the category of “learning from the best”. After all, why should only the US dollar be used as a “financial weapon”? With Chinese share prices rising again, these securities are also becoming a kind of currency that can be used in corporate takeovers - a practice that has long been standard for US companies.In the USA, my focus continues to be on stable individual stocks, which are also holding up better in this setback. It is also interesting to note that commodity stocks in the US have shown renewed strength. I am curious to see whether a stock will come to the fore here, although they currently seem too volatile and not (yet) trend-stable to me. I have unwound my portfolio hedges despite the expectation of a correction, as my risk budget was exhausted and my stocks showed a relatively low susceptibility to correction. Should the correction start with more momentum instead of being as sluggish as it is at present, I may open a partial portfolio hedge via the S&P 500. However, my main focus is rather on smaller portfolio optimizations in the context of the expected correction with almost full investment.