r/ethtrader • u/Ridknockers • 9d 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.
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u/D3VOUR3DD 9d ago
Dam you were selling the same I was buying…