Home Community Crypto, Trading, Investing, and Technology BTC buy signal issued at $9,970? Really? Reply To: BTC buy signal issued at $9,970? Really?

#9087
Justin
Moderator

This is a good question–ML is about probabilities. And what it’s trying to predict is price 24 hours from now. What likely happened is it played out a scenario where $10K is crossed. If that happened, price would like jump greatly.

Instead, price stalled out and the ML (not stop) issued a sell to back out of the trade.

I don’t think this was necessarily a bad trade and it was managed well.

Had $10K been breached, we may not have been able to get in the trade effectively.

As @Julian mentioned, it’s great to bounce this off of your own analysis as well. And given the signals were pretty mixed, this might have been one to sit out of.