Trading Journal #030
Last record checked: As of the time of this check, BTC is 76899.15000000 USDTโbelow the original record of 78439.49000000 USDTโan change of -1.96%. For ordinary traders who see the price moving down, the abnormal thought is: if it falls below the old level, should it be a buy again?
This check can only confirm the price relationship in front of us. There was no intermediate quote; I donโt know whether it crossed that old line during the interval, I donโt know the quote at the historically agreed time, and I canโt infer closing or volume expansion from these two prices. -1.96% is only the relative price change versus the original recordโit isnโt a return. The facts that can be written here are narrow; the further you speculate, the easier it is to fill in the blanks with a story.
Price on the day: BTC 76899.15000000
This drill handles only one judgment: if the price is below the last record, can we directly treat it as a โbuy-backโ signal? My answer is: not yet. The current quote being below the old line only indicates the position is lower. It doesnโt tell me that the down move has ended, and it doesnโt give a next direction. Rewriting โcheapโ as โopportunityโ actually smuggles in a prediction in the middle.
My choice: wait. The trigger condition is that BTC breaks upward above this price line, and then the next observation is still above this line. Before the condition appears, I wonโt chase the buy just because the price falls below the last record, and I wonโt change the condition because of the hot-search chatter about fast rallies and selloffs. This is a decision drill for ordinary tradersโrecording what I wait for and what I give up. Itโs not order advice for anyone.
Waiting has a cost. If the price first moves up for a stretch, the drill will miss that volatility; if the price keeps falling, waiting wonโt automatically prove the judgment correct. Iโm willing to bear this cost because, right now, there isnโt enough evidence for me to upgrade โbelow the old lineโ into โwill rebound immediately.โ Looking back later, all that needs asking is one question: did the conditions I set actually occur? No need to remake reasons based on the outcome.
Next-day review: Tomorrow at 09:30, only watch for BTC to break upward above 76899.15000000. If, at the time of observation, the price returns to below that number, the waiting judgment is invalid.