BTC has entered an upward phase again, and it has been hitting WIF for the past two days, which is a very promising phase!
In the past two days, I have taken several long positions on the WIF phase. Some people have asked me why I am not taking short positions because the short phase was when Long Ge was bearish on BTC at the high point of 99260. I avoid making trades in the middle because it's very hard to determine a trend in either direction. Just like when I shorted Bitcoin at 99260, predicting it would drop to the 92xxx range, and then going long at 92000. Although it hit my stop loss, I managed to recover my profits by taking two long positions on WIF!
Now, for this wave of long positions, let's see if we can break the resistance at 97 and then stand above the 100,000 mark. This way, the long positions will perfectly enter an upward trend! The next strategy will be to buy on dips. It is a pity that WIF's highly anticipated 1.75 was not reached yesterday. If we had hit WIF's 1.75, we could have gone all the way to above 2.0!
