Just for the record (and my ego) here’s my prediction from April again:
Here’s what happened:
We didn’t quite tag the 60k mark. Instead, the price fizzled out. I think this is called dropping on no-bid. There were no more buyers left at that price so it can only go one way.
But price prediction alone is useless if you can’t execute. On this particular swing, I managed to get short (eventually) with a tight stop loss:
A tiny position as I build up this account. Slow and steady. This was on BitMex, where they actually hit the monthly level at around 45k.
I felt that warm fuzzy feeling of satisfaction (maybe it’s dopamine). But, remaining calm and not celebrating. Emotionless trading for the win.