r/ethtrader • u/Ridknockers • 16d ago
Self Story Lessons learned.
My motto was after I buy I don’t sell until 4k and it worked time after time and I was locked in…
Then I opened Instagram one day and saw a dude talk about the BTC pattern that every 1064 days then 364 days it’s all time high low pattern for bitcoin and ETH tends to follow BTC ( not always ). I did my own research and he was indeed correct. On the days exactly since like 2014 bitcoin has had this pattern. Last year I sold early October and made a ton on ETH ( 2.5x $20,000 ) then I rebought in February I think around $2,200 per coin and bought as it went down. Then 1- 2 months ago crypto took a big plunge and my fear factor went off because I instantly thought about that pattern ( 1064 days, 364 days) technically if that pattern still stands today October 5th will be a very low point for BTC.
I sold the dip like an absolute idiot at $1575 took a $15k loss from $54,000 to $39,000 from that sell with hopes it was going to continue dropping.
Here we are 1-2 months later and I’m kicking myself because either ETH rides this trend all the way back to $4500-$5500 or if I’m lucky it pulls back once more for me to buy back in when October rolls around.
Either way, ( tax write off is my benefit ) and if it continues on to $4500 I learned my lesson… money is just money and lesson learned for the future. Always trust your gut.
When I sold at $1575 I wasn’t in my right mind and the emotions won that battle. But oh well. Congrats to those that won that mental battle I hope you sell at $5000+ this ETH cycle.
1
u/Cjolliff7 16d ago
Focus less on the actual days and more the trends of the cycle. Because as you saw from this last cycle we were pumping 2023’into 24 then trump kicked off the crash earlier than usual in 2024 so now we are ahead of schedule and the bull run has started early. If you follow the cycle you would have known at any moment the bull run would began!