#20u起家日记

Day 71, 12.2

Funds 130u

Currently, Bitcoin is very volatile every day. Since December began, if you look at the monthly chart of Bitcoin, the lower shadow must be inserted. Based on the rough predictions from the previous months' lower shadow insertions, it will reach around 88000-85000 below.

Looking at the weekly chart, Bitcoin had a drop last week but has recovered. This is a small pullback in the upward trend. If it drops and recovers this week, the upward trend will continue.

I opened a degen position today, entered too early, and faced a stop loss before it even inserted. I lost ten u, but I'm operating with a light position. However, I feel like there’s not much support for these new coins; they could drop to any level.

These new coins are all about pumping when they launch, or dropping halfway before pumping, afterward, they don’t move much. The previous ones like goat and moonden have been continuously dropping, with no rebound signals. I haven't seen a stop loss for goat.

Recently, the trading strategy has provided too few signals, and there have been no signs of divergence, indicating that the downtrend may continue. Be mindful of the risks.

When opening a position in this situation, you can enter little by little, buying a bit more as it drops.

Let’s see if we can hold tonight and get off the machine.

I generally call out trades after the hour mark on the four-hour chart, focusing on around eight, twelve, sixteen, and twenty.