Last night, Bitcoin surged to 94,000, and those who went long may not have really seized this opportunity. If it is not a commissioned transaction, it is not easy to make a profit.
At this stage, shorting at highs has a good profit-loss ratio, which is also an anti-human operation. After all, at this stage, it is a process of chasing the rise of leeks. There must be many people who have different ideas when expressing such views. I can understand that they do not agree with me. After all, making money by trading, the profit and loss are your own business!
After so many years of trading experience, I have learned that real trading masters do not trade by technical indicators. They have their own set of trading strategies. Many times, they trade in the form of naked K, and there are only two trading methods that can get the results of the transaction:
One is to do trend trading, judge the direction, determine the entry point and stop profit point, do a good job of position management, and wait patiently. The process in the middle is not important. Another is to make long-term investments based on trends. This test is relatively large for people. Many people can't stand the loneliness and get off the bus halfway.
The other is to rely on comprehension and rich trading experience to do ultra-short-term trading and fight in the instantaneous rise and fall. Those who can get the results are one in a million, which is not suitable for everyone! Most of the people in the market don't understand trading at all. They are essentially gambling. The final outcome is already doomed!
Back to the Bitcoin market operation suggestions: shorting at highs is still the main theme. October and November are indeed very positive, and they have been realized at this stage. There is already a lot of hype at present. I am willing to wait for the day when the hype returns to its original source. The first target is around 88,000, the second target is around 85,000, and the third target is around 83,000. Position management is very important. Enter the market in batches, and exit in batches when you reach the target. Trading is not about making more money, the better, but stable and continuous profit!
The second figure below is the point where I entered the market in batches. I could have not posted it. There are too many mouth cannons in the comment area. I reiterate that I write articles to share on the one hand to sincerely share my experience with those who need it, and on the other hand, it is also my self-management of learning and strictly implementing practical trading strategies. If you feel it is useless to you, just ignore or block me. If it is useful to you, you can pay more attention and grow together.