Bitcoin BTC halving countdown: 29 days, is there a black swan plunge?
There are 29 days left until the Bitcoin halving. The closer to the halving time, the more confusing the market direction becomes.
People who want to enter the market are afraid of a big drop, and those who don't enter the market are afraid of the market rising. Many people even don't know whether it is the beginning of a big bull market or the end of a small bull market. What is going on in the bull market?
If you don't solve this series of problems, it will be difficult to do a good job in trading. You will always be worried about the ups and downs.
We don’t rely on guesswork, we only look at the objective facts on the market
From the market point of view, a cross harami was closed last week, which means that the market is about to start to fluctuate. As analyzed by our internal circle on March 11, there were signs of bull weakness near important positions, so there was a sharp rise in the short term. The probability is very small. On March 12, Bitcoin reached 73,000 US dollars, which proved to be a bullish temptation. The cross line closed last week verified the judgment of entering a shock.
From the daily perspective, a bullish engulfing was closed the day before yesterday, but it was not the most effective. It can be seen as a shock signal here.
What we can see from the market so far is that there is no sign of a sharp decline.
The market trend changes rapidly. Sometimes the meaning of the direction changes when a key daily closing closes. In our circle, everyone will be reminded of the critical moment.
In the process of market rising, it is not all smooth sailing. There will be countless shocks and callbacks, and there are pressure levels one after another ahead.
Just like our trading journey, from outsiders to insiders, we will encounter countless difficulties and pressures. When you encounter difficulties and pressures, you can actively seek breakthroughs, and your life can move towards a bull market.
When you encounter difficulties and pressure, you stagnate or even go backwards. If your capital is limited and your support is insufficient, you will plummet. If you want to get up again, it will only be harder than it was before.
When there are difficulties and pressures, don’t choose to wait in confusion. The longer life fluctuates and there is no direction, the law of nature will be followed [the law of entropy increase]: without the intervention of external forces, if a person closes his own thinking system, the entropy value will continue to increase. Eventually falling into chaos and disorder
Just like an apple, if left outdoors naturally, it will only gradually rot
Seeking strong external forces to break through is to fight against your entropy increase.
When you come to the investment field and encounter difficulties, you should actively look for solutions. If the problem is not solved, it will not disappear automatically and will get stuck in every transaction you make.
Talking back to the black swan event, everyone has a different definition. Some people have weak ability to resist risks and cannot identify risks. Maybe a 10% fluctuation is a black swan.
In the previous bull market, 3.12 in 2020 was a black swan event for many people, but for us, it was an opportunity to buy the bottom on 3.17
May 19, 2021 is a black swan event for many people, but we identify risks and avoid risks. From April to May 17, all positions have been cleared to escape the top. It is not our black swan event.
The black swan lies not in the market but in oneself
If you feel helpless, confused and unclear about the direction of trading right now, you can consult me. I welcome everyone in the May small circle #BNBChain #RONIN $BTC
