2026-11-3

Looks like the midterm election results will come out in the early hours. I stayed up last night and didn’t go to sleep until a little after 2 today, because the broader market was doing so badly. It felt like everything was teetering and could wick down hard at any moment. I stayed up until almost 3, and my chest was tight and my vision was going dark. I really couldn’t stay up any longer, so I moved the stop loss on the BTC position I opened at 764 a few days ago to 762, and set breakeven stops on my ETH at 2174 and SanDisk at 1080 before going to sleep. Surprisingly, they were still open when I got up; I hadn’t been stopped out😂···Since I didn’t get stopped out, I’ll keep holding for now.
That’s the downside of opening trades to catch falling knives: the win rate isn’t high, so you have to make it up with a good risk-reward ratio. And every time you get stopped out, the next position needs to be larger than the last one, or it won’t make up for the previous stop-loss. So either don’t start trying to catch the falling knife, or once you start, you can’t stop. These mid-slope trades still aren’t as suitable as buying spot in batches at weekly-chart bottoms—the experience of holding them is just too stressful😂
There isn’t much to go on technically now. There’s plenty of news this week—or really, this month—with the midterms at the beginning of the month and the two chambers at the end. Since I didn’t sell the top earlier, I’m not planning to sell now either. I’ve kept all the positions from May through August as core holdings. Either it rises to my target price, or I’ll hold for the long term.
Potential support is 768. Based on today’s low of 76352, if the 4-hour candle closes above 78642, that would indicate a bottom and the start of a new rebound. If it can’t close above that level, a new pullback will start around here.
Counting from 10.5, we’ve already been in a correction for 28 days. I still don’t think it’ll keep falling for all of 2026. Let’s keep watching.