$BTC I have no issue being wrong on a trade idea, provided the order flow presents a clear reason to exit early, based on structure and execution, not emotion or bias attachment. When the market later confirms the breakdown in the setup, it validates the decision to step aside. Yesterday’s tape showed persistent sell-side control around 114s. Despite some initial signs of absorption on the lows, the third and fourth retests failed to show any shift in the tape. Continuous negative delta, passove offers walking down, and aggressive market selling into size made it clear the bid wasn’t holding. This wasn’t a structure I wanted to stand in front of. When looking for signs of seller exhaustion or absorption, you want to see a drop-off in selling volume, a shift to positive delta, and evidence of initiative buying taking control. None of that was present. The flow stayed heavy, and the buyers simply weren’t showing up. Execution over ego - Ice cool I'll get another stab when I see reason to do so. Cheers
4th retest of 114 lows on bitcoin not ideal imo - sellers still pressing down Staying flat for now until further Have a fab weekend all Cheers
passive offers* - not editing
What could I have done better - flipped and traded it lower down tbh. Its not about catching every move, just the trades that are part of my process/system - not randomness. Stepping back and getting mental clarity / resetting is has been super key for my own performance - deffo pays off. Had I taken the trade I would have short circuited the resetting phase - and looped straight backed into the perfomance phase. Highly recommend reading Mastering the Mental Game of Trading.
Thought id share if anyone finds it helpful Was part of my Saturday review - self journal
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