Those who can buy are apprentices, those who can sell are masters, and those who understand being in cash are the ancestors! In trend and swing strategies, choosing the entry point is secondary, while the exit point is key. However, good capital management is the soul of trend and swing trading.
Auntie’s short-term ideas given yesterday have reached their targets for both long and short. Following along has yielded good results.
Today is Saturday, just a simple update on Auntie’s short-term strategy. I estimate it will move within a range of fluctuations. There will be no further technical analysis; we will first treat it as the Bollinger Bands upper and lower limits on the 1-hour chart, with the 200 EMA on the 15-minute chart as support. The upper limit still serves as a demarcation point based on previous highs and can also be seen as a short-term defensive position. Based on the traces left from the long-short battle in candlestick patterns, we will treat it as a range for now, and if it breaks out, we will re-plan.
Trading is a marathon; by learning to use the right methodology during the process, you can walk to the finish line with a smile. In the speculative market, risks come first, profits come later, and any risk stems from ignorance and greed.
11.23 Auntie’s short-term suggestion: If 3430 is not broken, short at 3380-3400, looking for 80-100 points.
If 3230 is not broken, go long at 3280-3250, looking for 80-100 points.
The above suggestions are for reference only; please manage your risk well. Have a great weekend! Wishing you successful trades!
Alright, friends, we must say goodbye until next time. I wish everyone more success and a smooth journey in the cryptocurrency world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time advice on Bitcoin, please contact Gege.
Text by/ I am Trader Gege, a friend willing to accompany you on your resurgence.
