《Years of Experience----Accompany You Through the Fluctuating Market》
Tribute to friends who have not rested at this point. It may be for their own lofty ideals, or it may be to give their families a better life, or it may be because of the regret and self-blame for their own operational mistakes, or it may be that they are eager for knowledge soon after entering the circle.
Tucker shares with friends an experience of facing the volatile market for many years. First, you need to determine 4 points A replenishment position, B entry position (support position), C reduction position (pressure position), D stop profit position
Secondly, determine the support and pressure positions of Bitcoin, so that you can roughly determine the range of fluctuations. If these two items are determined, if there is no news, or the main force clears leverage, you will have a clear direction for the entire market, and opening orders will reduce the possibility of being deeply trapped.
Once the direction is determined, you need accurate points, which requires some understanding of the basic knowledge of K-line. The most commonly used ones are EMA moving average, Bollinger Bands plus MACD, etc., combined with the experience accumulated over a long period of time, you can determine relatively accurate points.
Now that we have the direction and the point, the next step is to practice. Take the Sol posted in the previous post as an example. Fans were asked to place orders at 151 to receive the goods, and the price reached 150.72, which was a near-perfect entry.
The reason is that at that time, various indicators of Bitcoin gave a signal of a callback, and Sol's support level (entry level) was just around 151.5, the next support level (covering the position) was around 142.3, the first pressure level (reducing the position) was around 163.5, and the second pressure level (stop profit level) was around 183.2.
Friends with more experience are welcome to discuss with Tucker, and friends with questions are also welcome to speak up. Let us discover each other's shining advantages in the discussion, encourage each other, and make progress together.
