Spent the whole day out celebrating a birthday, just now got a chance to post. Woke up this morning to find all my long positions stopped out. But after checking the charts, BTC didn’t follow the US stock market to make a lower low, and a few large-cap altcoins even made higher lows. This is a classic bottoming signal. I placed a small long at 100.5K before heading out, and just closed it entirely. Overall, though, I’m still in the red—gave back half of the profits I accumulated in October. My quant strategy also saw the biggest drawdown in the past four months over the last two days. Thankfully, the algorithm automatically reduced positions during the rebound, so it’s like “surrendering half the loss.” For the past four months, BTC has been stuck in this massive range between 100K–126K, and during this time, I’ve had more wins than losses. But the fate of trading the left side is that when the price finally breaks out of the range and overextends, you’ll always take a big hit. This time, it took over 100 days to happen, so I guess I’ve been lucky. As for the market outlook, I mentioned before that when the Karma Index is below 35, it’s usually a good buying point in a bull market. If it doesn’t strongly pull back to the midline of the previous range (108K) within three days, I’ll start viewing the market with a bear market mindset. Even though I’m bullish on Q4, you’ve got to respect the market. You can’t keep calling for a bull market when it’s already tanking this hard. The lack of price elasticity over the past few days is a textbook bear market characteristic. Gotta admit it.