Let me tell you about my next trading plan:
I now hold half of my spot positions, 80% of my altcoins, and half of my U in hand. I have always used Bitcoin as a direction indicator. Today, Bitcoin fell below 60K for the fourth time. The daily EMA is about to form a death cross, and it should form a death cross tomorrow. This is a signal. The golden cross and death cross of EMA above the daily level has always been a signal indicator for me to do long-term spot trading.
How do I plan to use it currently?
Before the death cross is about to form, there are continuous large negative lines. It is irrational to chase the short position or sell the spot goods here.
Now I can only continue to hold it, and wait for the rebound purple line to move close to the EMA moving average, then sell the spot and free up U, and then buy after the daily line forms a bottom again, or buy after the daily EMA forms a golden cross.
The above is a long-term plan
The medium-term band structure can be played with spot contracts. The daily line has two big negative lines, and the small rebound is no more than 59K. If it continues to penetrate the 54K-55K area in the short term, it can be used for bands. The expected target is around 61000 (strong support before, strong resistance now)
There are two reasons:
1. The current long-short ratio is still very high. After the long liquidation price reaches the 54-55K area, the long position will be gradually reduced. If the price continues to panic and clear the long position, there will be a good band rebound;
2. Starting today, short positions are gradually increasing. The daily line has two negative lines. If it continues to fall, it will cause short squeeze. The hot area for short liquidation is around 61K.
The above is a medium-term swing trading plan
Short-term combined with medium-term bands, find the hourly chart and below the level to make short-term moves. Flexible changes are not suitable for off-site sharing. You can follow the top of the Telegram community
In summary, the following are the conclusions:
1. Long-term selling signals have appeared, sell the spot when it rebounds and wait for the next buying opportunity;
2. Driven by the medium-term bearish sentiment, the rapid decline is coming to an end. After accelerating again, pay attention to the support area of 54-55K and rebound to around 60K-61K to sell the spot goods simultaneously;
3. Short-term contracts can help you accumulate U and keep a keen eye on the market. You can also join the community to synchronize;
The above personal opinions are for reference only. Thank you for your interactive support and welcome to leave a message for discussion!
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