After the market fell to 56,500, there was a rebound.
When the entire market believes that Bitcoin has fallen below 59,000, there will be no support below, and it will go all the way to 55,000/52,000.
But the market just happened to take off directly from a suspended position.
The investment style of Shisanquan is mainly based on stability. After falling below the support of 59,000, I suggest that everyone wait and see, temporarily stop bottom fishing, and keep some cash on hand to deal with extreme market conditions.
But we can't sell at a loss. In this wave of correction, many friends sold a lot of chips at around 57,000. Thirteen feels really distressed because these chips are all bloody.
Although the market rebounded later, if the market happens again, Thirteen will definitely give the same investment advice. After all, we already have 60% to 70% long-term positions, and we started bottom fishing at around 62,000, and increased our positions by at least 10% all the way to 59,000.
All in all, when the market fell below 59,000, we already had 80% of our positions.
Overall, the positions seem a bit heavy at this time, and the cash in hand is extremely precious.
If we continue to bottom-fish at the 57,000 level and extreme market conditions occur, we may completely lose the initiative over our positions.
Putting your life in the hands of others is a big taboo in investment.
That's why I made this investment suggestion. Of course, when the market rebounded to around 64,000, I also gave suggestions to free up positions.
In Shisanquan, it is recommended that everyone continue to maintain a 30% cash position for positions other than long-term positions by dividing them into batches and moving up the stop-profit method.
In this way, we will always have the initiative in the cryptocurrency circle. Being fully invested or being short invested are both taboos in this bull market.
2，
Tonight the market suddenly adjusted back from around 65,500 to 63,341.
Many friends were very panicked, thinking that the market would start a new round of correction and could not help but cut their losses and leave the market.
In fact, there is no need to worry about it. Shisanquan’s investment style is mainly stable. If you control your positions reasonably, you don’t have to worry about a pullback of this magnitude.
This round of growth was mainly affected by two factors:
The first is the positive news from the US non-farm data. Employment was lower than expected, which means that the interest rate cut may be brought forward. This is a very big positive and the main reason for the start of this wave of market.
The second is that cz was only sentenced to 4 months in prison.
In Shisan's impression, these two positive factors should be regarded as great positive factors for the cryptocurrency circle. Under normal market conditions, they will at least bring an increase of about 8,000 to 10,000 points.
But this wave of increase was not as big as expected.
So at this time, our investment strategy should not be too aggressive.
The market will not continue to fall sharply in the short term as everyone fears.
Basically, it will fluctuate in the range of 61500 ~ 66000, and there will be no direction in the short term. Thirteen is more optimistic. Perhaps at some point in the middle of this month, the market will suddenly take off.
To sum up, we have our operating strategy. Originally, this was the internal content of the Thirteen Circles. Today, I will talk about it briefly in the article.
First, long-term positions remain unchanged, especially Bitcoin and Ethereum;
Second, for short-term positions, we can buy at around 62,000 and sell at around 65,000. The longer and more frequent the fluctuations in this range, the greater our profits will be.
If it breaks down, hold on. If it breaks out, don’t worry about missing out. Trading on the right side has less risk.
Other altcoins can refer to Bitcoin.
For specific details, you can follow Thirteen Circles.
3，
Everyone can pay more attention to Dogecoin recently.
Although it is a meme coin, this coin is deeply bound to Mr. Ma. As long as this great man is still there, Dogecoin will be the mainstream value coin.
Recently, some of Tesla’s products accept Dogecoin as payment. In the future, we can directly use Dogecoin to buy Tesla.
Therefore, when the market falls, we can build a position in Dogecoin and hold it for a long time, regardless of the price. There is room for imagination in this bull market of 3 to 5 years.
Of course, the position should not be too heavy. Everyone must allocate the position reasonably, and should still focus on Bitcoin and Ethereum. Except for a few mainstream coins such as bnb and sol, the proportion of other altcoins should not exceed 5%.
Recently, when many friends consulted me privately, they found that many people always like to have an inexplicable liking for a certain currency and then hold a large position in it.
I'm not even familiar with some coins, so I still have to find information to familiarize myself with them.
When asked why he wanted to buy this coin, he said that someone told him that the coin would increase dozens of times.
Almost every coin in this circle is said to be a value coin, with unlimited potential in the future, which will lure you into an ambush.
Of course, if you are really interested, you can try it. What if this coin is really a 100x coin?
But you must not hold a large position. It is best to try it with very little money.
I have said in previous articles that investment in small currencies including Bitcoin should be done with small funds. I also often buy some junk coins, but the amount will not exceed 300U.
I can afford this amount even if it becomes zero. If it increases ten or a hundred times, I will eat meat.
On the contrary, if I had a heavy position, I basically would not be able to hold on and would get out after about 3 times the price. The subsequent hundred-fold increase would have nothing to do with me.
4，
May is a bullish month for 13 cryptocurrencies, especially Ethereum.
The operating principle this month is to hold on to the chips, control your positions, do not short, and wait for the market to take off.
This month there is a big narrative in the cryptocurrency circle, the Ethereum spot ETF.
Although the possibility of passing is not high, after all, it is not clear whether it is a security or not.
But it does not prevent capital from hyping this subject matter.
There are already some signs in the market, such as Op, which we have been paying attention to before.
In this wave of big pullback, it was very strong and even rose against the trend. The entire Ethereum L2 currency performed very well.
This may give us a signal, and everyone should pay attention.
Hold on to your chips firmly, no matter whether the price goes up or down, and don't worry about losing profits due to a sudden crash. Extend the timeline, and Thirteen will let you move the stop-profit line to the appropriate position.
It’s just that Ethereum is still in a slump recently, but Thirteen believes that the lower you squat, the higher you will jump in the future.
Thirteen has a heavy position in Ethereum and will not consider taking profit unless it reaches 9,000.
I believe it will arrive this year.
The good show of this year has just begun. Everyone must face the present positively and believe in the future cryptocurrency market.
While controlling risks reasonably, try to hold on to as many chips as possible. This is the dividing line between humans and ghosts in this bull market.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.
