On September 2, 2024, Bitcoin will fall from 65,000 to around 58,000, which is two months before the election. I once posted on a blog that the recent period is not the best entry stage for buying. If it falls below 57,000, it will test the support level of 52,000-53,000. First be bearish and then bullish. When it reaches the designated position, try to layout the bull market!
After 5 days of oscillating downward, how many retail investors who entered the market at 55,000-56,000 can no longer bear it, can’t bear it at all, is this the Black Swan coming? However, it is not, this is a wash-out, only after some people are washed out will there be a better upward trend, yes, they were all washed out, and I was right, on September 7, if I remember correctly, it was around 5:00 in the morning, the pin near 52550 was directly pulled up instantly, the number on the account became longer, I entered the market, I did it, I had more confidence, as if I saw the light!
I am fine again. Just as I predicted, the bull is coming. He is really coming! In mid-to-late September, I kept reminding myself to see 60,000 and 65,000. It is so bullish, the bull that everyone expected.
On October 21st, near 69,500, I gave a strategy opposite to that of most of my peers. I first looked at 65,000. However, many retail investors complained and wanted to see 70,000. I smiled and said, "Let's let the results speak for themselves!" On the 24th and 26th, it reached around 65,200/65,800 twice. Facts have proved that my strategy was correct. Many people collapsed. At the end of October, it did reach around 73,600. Does it still matter?
It’s not important anymore, because it fell at the starting point of the bull market. Later, they stopped being stubborn and they never appeared in my comment section again. I guess they woke up from the dream and everything returned to normal. They also returned to normal and stopped being stubborn!
Later, after a crazy rise all the way, short selling suffered losses. I still remember that the short loss was at 72,800, the highest point. Then it hit around 73,660 and did not break the historical high. I thought the bull market was over, really over. I was still stubborn and shorted at 73,500, and made money all the way, until I got to 68,000, which was November 3, two days before the election. In fact, I was not very greedy. I only took 5,000 points of space, even though it later fell to around 66,800!
I think, the era of the air force has arrived, which also laid the groundwork for me to continue shorting whenever there is a rebound. The more I short, the more uncomfortable it is. During this period, I made profits and losses, and there was no difference. I played with the dog dealer for a week in vain, stayed up late, lost my hair, and was obsessed!
Recently on November 11, Double Eleven, adhering to the old traditional idea of buying things at a discount during the holidays, and the whole market being in extreme panic and fear of heights, countless air forces have already rushed into the market, and I also chose to be firmly bearish around 82,300. Discounts must be given, and I can retire if the price drops to 50,000. Poetry and the distance seem to be waving to us.
However, the reality is that I broke my bones. After a short pullback, I was very excited. It was stable, this time it was stable, as if I saw the light. Do you believe in light? Anyway, I believed it at that moment, but the happiness did not last long. He pulled it. Where did he pull it? Pulled in the crotch? He pulled it all the way to 82888 and wiped out my losses. I was so angry that my thighs almost broke. But I was born with a competitive heart, and I had the trust of my partners and the helplessness after being stopped out. Someone in the comment area scolded me for giving the wrong strategy. I was also very depressed. Who is making money in this market? Later I woke up, and it was also the beginning of the dream!
After comprehensive analysis and calming down for a moment, the market fell back to around 83,800 in the early morning of November 12. With my many years of market sense and summarized trading system, I firmly reminded my partners to be bullish at 84,000. Victory is at hand. We muster up the courage to fight a desperate battle, and publicly reminded the entire network to target the new high of 86,000 area, and it was given accurately!
My friends asked me: "Brother Hong, do you want to run? It's almost at the top!", I said: "Don't worry, this is the psychological tactics of the dog dealer. The less you dare to buy, the more it will rise. Add more positions at 85700, I have a feeling that it will reach around 88800!"
Everyone received every word, the K-line kept going up, at this moment I felt that I could do it, I felt there was a mysterious force supporting me from behind, yes, this was the sense and belief of the market over the years, and it was also a contest with the dog dealer. If you have heard of Murphy’s Theorem, then you should know that the more you fear something, the more it will come. Countless retail investors are afraid of stop loss and the more afraid of liquidation, the market often goes in this direction, catching you off guard, and the retail investors are wailing, this is the cold-blooded and ruthless market!
That night, it was dark and windy. I smoked one cigarette after another and drank one cup of tea after another. All major forums and communities were filled with the atmosphere of greed and stage fright and the desire to sell at a loss. At 5:00 a.m., the stock price went all the way up to around 88,500 but did not reach 88,800. It immediately fell back to around 88,100. I was reminded to retreat immediately and closed my positions and went to bed!
A full 4000-point space, this long night is finally over, I feel relieved and indulge in the awesome shouts of my partners. Yes, I won, this wave of bull market is like a rocket launch, so fast!
It seemed as if nothing happened, and yet as if everything happened. From time to time, pop-up windows appeared on the computer, and many people’s positions on the entire network were liquidated. Some people watched their positions go bankrupt, while others woke up to find their positions were back to zero. The efforts of many people for so many days were wiped out overnight!
It was as if everyone had a dream. There was nothing in the dream, and there was nothing when I woke up. In my dream, I just smelled a rotten smell. I touched it subconsciously and found that it was the rotting corpse of the Air Force. Yes, at this moment, I deeply realized that there was no technical aspect in all this. It was all the crystallization of courage and insight, market sense and psychology, market fundamentals and news. Where was the resistance? There was only stop-profit and stop-loss, and there was no top or bottom at all. This was a battlefield without gunpowder smoke, and it was also a harbor for countless young people in small towns and 996 workers to turn over. They could see poetry and the distance, and of course they could return with a full loan!
After sleeping for a few hours, my assistant woke me up and shouted, "90,000! 90,000! 90,000!" So what? It has nothing to do with me. I have already withdrawn. Even if the price rises to 100,000, it has nothing to do with me.
On the evening of November 12, when the price rebounded from 85,100 to 87,000, I keenly captured the trend and gave a retreat prompt. In the early morning of November 13, the market retreated and the price dropped to around 85,800. I notified the internal staff in time and went in directly. In the blink of an eye, I woke up and saw that the price had risen to 89,900. Perhaps this is the charm of blockchain, and it has not let down the trust of partners.
On the morning of November 13, we reminded that we saw 91500-92000, and gave a bullish view of 66800, and reminded that we should firmly hold the long orders at 86000 in the early morning. Everyone knows that it is good news. Some people questioned that even if we go long, we have to wait for a callback. It has already broken 80,000, and there is still more than 86,000? Are you dreaming too?
I have remained firm in my opinion amidst countless doubts, until the opening of the U.S. stock market at 22:30 this evening. As usual, the market fell first and then rose, and successfully reached the 91500-92000 area at 22.51. At this moment, the dream that was questioned was awakened!
Precise hits time and time again are like holding the golden key and opening the treasure chest of wealth. With a click, the profit is taken. In this battlefield without the smoke of gunpowder, those K-lines, moving averages, and indicators have become the maps for me to command operations.
Every recent rise and fall is within my prediction. Is it a coincidence, or luck? Or strength? I don’t know! But what I know is that the number on the account has become longer. Every prompt is a fanaticism from the heart, and every hit is a triumphant song of victory. Even if we are like fish in water in this treacherous trading ocean for a short time and sit firmly on the bow in the stormy waves of ups and downs, we should never be conceited, self-righteous, respect the market, and cherish life!
Sometimes listening to other people’s opinions may give you different thoughts and directions. When in doubt, you can ask the spring breeze. If the spring breeze is silent, you can ask the rainbow!
I am Tianhong, a blockchain enthusiast with many years of experience. See you at the top!