Bitcoin closed its daily chart with two peaks, and is now waiting for the third peak. It has started the high-level shock mentioned in the previous period, and is only 3,000 points away from the upper edge of the structure at 66,500. The upper resistance is 64,500. It is not very rational to rush to short now, so we will continue to wait and see.
The medium-term trend also needs time to adjust and fluctuate. At present, the market has not produced any structural characteristics. We will wait for a clear top before entering the market and continue to wait.
In the short term, the market will enter a volatile state, and you can make quick orders, but the wear and tear is large, which I personally don’t like very much.
The idea and strategy remain unchanged: short at 64500, cover at 65000, lose at 65500, the target is 61500 first, and can be changed at any time later
Reminder again: I, Liulangbifu, personally think that there will be another drop in October. Of course, you can enter the market slowly when buying spot goods. The best way to prevent missing out is to enter the market in stages. The Internet has memory. We can see the figure below. After the start of the rise was confirmed in September last year, there was a correction in early October, and then the market really started to move forward.
We are not talking about an exact replica, there will always be a callback, in order to create panic and wash out the chips. Then it will be the best time to enter the market, because the chips in your hands will skyrocket in a short period of time, and you will not worry about not being able to hold them.
Let’s talk about bottom-fishing altcoins.
You can see it by yourself if you compare it. The decline of altcoins is much greater than that of Bitcoin BTC. When it fell in early October last year, altcoins basically fell by 20%-30%. If you don’t have faith in such a decline, you will panic. Some people will choose to exit the market, and if you do contracts, most people will basically have their positions liquidated. They collapsed before the real surge.
So, especially for friends who do contracts, if your multiple is 5 times or more, then the point and entry time are particularly important, and you must also do a good job of position management, long, medium and short-term, etc!
Bitcoin closed its daily chart with two peaks, and is now waiting for the third peak. It has started the high-level shock mentioned in the previous period, and is only 3,000 points away from the upper edge of the structure at 66,500. The upper resistance is 64,500. It is not very rational to rush to short now, so we will continue to wait and see.
The medium-term trend also needs time to adjust and fluctuate. At present, the market has not produced any structural characteristics. We will wait for a clear top before entering the market and continue to wait.
In the short term, the market will enter a volatile state, and you can make quick orders, but the wear and tear is large, which I personally don’t like very much.
The idea and strategy remain unchanged: short at 64500, cover at 65000, lose at 65500, the target is 61500 first, and can be changed at any time later
Reminder again: I, Liulangbifu, personally think that there will be another drop in October. Of course, you can enter the market slowly when buying spot goods. The best way to prevent missing out is to enter the market in stages. The Internet has memory. We can see the figure below. After the start of the rise was confirmed in September last year, there was a correction in early October, and then the market really started to move forward.
We are not talking about an exact replica, there will always be a callback, in order to create panic and wash out the chips. Then it will be the best time to enter the market, because the chips in your hands will skyrocket in a short period of time, and you will not worry about not being able to hold them.
Let’s talk about bottom-fishing altcoins.
You can see it by yourself if you compare it. The decline of altcoins is much greater than that of Bitcoin BTC. When it fell in early October last year, altcoins basically fell by 20%-30%. If you don’t have faith in such a decline, you will panic. Some people will choose to exit the market, and if you do contracts, most people will basically have their positions liquidated. They collapsed before the real surge.
So, especially for friends who do contracts, if your multiple is 5 times or more, then the point and entry time are particularly important, and you must also do a good job of position management, long, medium and short-term, etc!
