This wave of growth in the cryptocurrency market has given countless newbies a glimpse of the madness of the bull market.
The market has once again taught us a profound lesson. When the market goes crazy, any so-called resistance and pressure will collapse.
Bitcoin broke through the previous high of 48,000. The market thought that Bitcoin would take a break, but it continued to soar to 52,000.
The market only took a short break today.
Many investors who were bearish on Bitcoin kept shorting the price as it kept rising, and ended up losing everything they had, not even their underwear left.
Thirteen did not expect that Bitcoin would suddenly become so crazy and rise all the way without a trace of slackness.
Fortunately, Thirteen is quite humble. He reminded everyone in the circle before the New Year not to go long because the price has already risen a lot, and not to go short because when the market starts to go crazy, it will be very crazy.
We have accumulated a lot of spot goods before, and this wave of profits is enough to eat up them.
Every time the market goes up, the possibility of a pullback increases.
Because of this, many bears continue to use short orders to try to guess the top of this market trend and then become famous.
The cruel reality dealt a heavy blow to the bears.
In an upward market, you should never guess the top, because when the market starts to go crazy, there is no top at all.
Once again, it made me realize the disorder and unpredictability of short-term market conditions.
The only thing we can do is to make long-term plans at low levels. Short-term market trends often come very violently. As retail investors, it is impossible for us to guess any market trends.
2,
If you analyze and think about it from a rational perspective, you will understand the reason behind it.
It is currently a bull market. In a bull market, the market goes up 90% of the time. Going short means we have to make the right choice in the limited 10% of the time.
How can we not only fight against the trend but also accurately guess the timing of the pullback?
So I asked everyone to stay still in the Thirteen Circles. Although the market is facing huge pressure to pull back, when will it pull back? This is a mystery.
So I had no choice but to stay still and wrap myself tightly in my cotton coat to protect myself in the storm.
I have been privately chatting with my short-term trading friends these days, asking them to be patient. The more the market goes up, the higher the risk, and the more likely we will make mistakes in our trading decisions.
We need to stay calm at this time.
Everyone should read more of Thirteen’s articles to understand Thirteen’s trading style and why he trades this way.
What the cryptocurrency world lacks the least is opportunities. When the market trend is established later, we will have plenty of opportunities.
Don't trade for the sake of trading.
With enough spot positions in hand, you can just sleep and eat peacefully.
3,
When will this wave of market rise continue?
In the article two days ago, I also shared Thirteen’s views with you, but this is just Thirteen’s inference based on some indicators and historical data.
The analysis based on the dealer's psychology is all speculation about the future and may not necessarily happen.
According to the analysis of some indicators, the market will start to pull back when it reaches 56,000, but history is often used to be broken.
There is no pattern to follow in market changes. If there is a universal indicator that can predict the market, then this market will not exist.
If everyone makes money, no one will lose money.
The market cannot continue to operate. Only when most people lose money and a few people make money can the market operate healthily.
All we have to do is strive to be one of those few.
The market is hot right now, and the sky seems to be the limit. The market is going long like crazy, Wall Street is buying like crazy, fund managers are also buying like crazy, and all kinds of good news appear in our field of vision every day...
In addition, investors who had been bearish before were beaten black and blue by this wave of continuous rise, and are now following the trend and taking a bullish view.
Put yourself in their shoes and think about it. If we were the banker, when would it be better to make a callback and clean up the market?
Shisan believes that the best time is when the market is unanimously bullish and everyone is rushing to get on board.
At this time, the market's views and trends will tend to be consistent, just like now, everyone is bullish, looking at 60,000, or even 62,000.
Data from all aspects also show that market makers are continuously buying, believing that the bull market will start from now on.
Then suddenly a basin of cold water was poured over me, from head to toe.
Perhaps the market will suddenly start to pull back, leaving many investors caught off guard and hanging on the mountaintop.
Various negative news came out frequently, and retail investors fled frantically, sold their stocks at a loss, and trampled on each other...
Shisanquan has actually been waiting for such an opportunity, because we still have half of the funds waiting to buy at the bottom.
4,
So how should investors deal with the current market conditions?
I think it is a good strategy to take profits in batches, until the position is adjusted to about 50% to 60%.
You can take profits in batches at 52000, 53000, 54000, 545000, etc. to lock in profits.
This can not only ensure our profits, but also avoid the risk of callback.
I have shared the specific ideas within the Thirteen Circles. Today, I think the new friends in the group have very wise positions. They are girls, and their main positions are concentrated in Bitcoin, Ethereum, Sol, BNB, and other currencies recommended by other bloggers.
According to her idea, without touching contracts, leverage, or level one, plus the amount of capital she has, the goal of this bull market is most likely to be financial freedom.
I know that some people in the market are very arrogant and think that they have to invest all their money in order to improve capital efficiency. Some even think they are very intelligent and invest based on the currency standard.
These methods are feasible in a bull market, but now is the early stage of the bull market and the market will fluctuate violently. It is easy to kill yourself if you play like this.
Thirteen will lead people to play this way in a bull market.
This type of gameplay is a high-end rolling position gameplay, which can indeed magnify profits. Compared with contracts and leverage, the risk is much lower, but the returns are comparable.
This is a great test of one's ability to judge and analyze the market, currencies, and trends.
If a novice forces himself to play like this, he may end up killing himself.
It is not suitable now.
Walking alone is lonely, and leeks need to walk in groups. The bull market has arrived, and the Thirteen Free Communities welcome everyone to join, move forward hand in hand, live up to this bull market, and greet the uncertain future with a certain group.
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.