Bitcoin:USD Volume and Price, Lessons Around Breakouts

Lessons shown in the picture.

Failed Breakout:

Could have made a very easy /es $2K per contract on CPI data

EDIT: A friend (wallstreet pro) said that there was likely 30pts of slippage on this move. Once again, must catch the rebound as I was doing with XIV.

The markets (pre-market) were waiting for US core CPI to be released. There was severely reduced trading activity all the prior day as a result. In addition, upon release of 0.3 (above the expected 0.2, and much above the hoped for 0.1)--although not out of the realm of possibility. European markets were also massively affected by this data, crashing in session nearly 1%!

I could have placed orders on the futures that would have filled (as I had a long position--especially if there was negative surprise) Would have been a hedge of sorts...interesting! I had no reason to fear this data release (as I was!!!) As I have plenty of buying power, I could easily hedge all my exposure and more against whatever. And in this case, would have made a fast, cool. $2K, which is nearly all the risk I am taking in the entire trade anyhow, and 10x more than the drop caused my position to decline.

I need to be more cunning, and more eager to take advantage of such opportunities. They are golden, they are very low-risk, and they don't come around every day. I mean, if I'm sitting here anticipating this I might as well make money no matter the outcome. Think like a fox. Not like a traditionalist. And I will go very, very far. The unfortunate thing is I have not been doing so year-to-date. I will definitely need to learn or, at best, have a mediocre existence.

Next time, ask the question: "how can I profit on this no matter what the result?" And remember, when the entire market pauses for a day...and all the news say everyone is focused on a particular set of data...and WHEN THE DATA IS VERY CLEAR CUT...it's just a number, and explanations are had...obviously algorithms are going to buy or sell based on this number. And it will happen very fast, and there will not be any whiplash (as one might fear say during fedspeak) because there will not be any ambiguity.