Trader Eugene: Stick to pure technical analysis and choose to stay put

Odaily Planet Daily News: Trader Eugene Ng Ah Sio posted on his personal channel, "One of the reasons why I now stick to pure technical analysis instead of using fundamental reasons to support my position is that everything is constantly changing. Today Bitcoin is linked to the trend of gold, and tomorrow it becomes the leveraged S&P index." "Of course you can judge in advance which trend will follow in the future, but I think this game is too difficult to play. I can't invest a lot of money just based on the existing bullish views. If I am forced to make a choice with a gun pointed at my head now, I will not buy gold or short the S&P index, so I choose to stay put and keep the net position hedged. As always, we let price trends guide the direction."