2024.1.4 Funds: 10722U
Market conditions are warming up, and altcoins are rising sharply
The market is rising sharply. Our strategy is currently short-selling, so we did not make money but suffered some losses. However, we can reap profits by escaping from a wave of callback positions. Maybe it will be done in a sudden market of half an hour or ten minutes. We stick to the strategy, hold firmly, and wait firmly!
At present, the heaviest position is XRP, which only needs a 3-point callback to escape profitably. The second is ENS, which needs a callback of more than 4 points to do so. This kind of callback strength is not difficult to see, and we still have positions above to fill in. After filling in, we may only need to reach the current position to successfully unwind and make a profit.
If this wave of positions can be successfully escaped, the funds should be able to reach 10900+, and the sprint to 11000U is just a step away!
Looking at BTC again, it has closed positively and is close to the 100,000 mark. If the pressure level of 100,000 is broken, it is not a good thing for the current strategy position. Of course, if there is a wave of callback first, our position can be withdrawn, and then it will rush to 100,000.
Then it will be harmless for our strategy. The position escapes a wave and rises again. We need a higher position to have the current loss, which may be when BTC is 110,000 or 120,000. If a falling waterfall occurs, it doesn’t matter. We will have a chance to rebound if we reopen the position below.
At present, my personal subjective judgment is that the market is still more likely to go down. After all, BTC is still at a high level in general. It is not so easy to break through the pressure level above. Of course, if it breaks through strongly, then it will hit a new high. Our current position is not particularly heavy, and there is still room for operation.
Quantitative trading, don’t be impatient, wait for the flowers to bloom!