In this trading market, champions are common, but victorious generals are rare! Today is April 21, 2024. After the halving, how will we face the next market?
Before the halving, BTC fell for 7 consecutive days, from 71,000 to 59,500, a direct retracement of 16%, and the cottage retreated 30-50%, directly cut in half.
Many newbies who have just entered the circle opened orders at the top of the mountain. After a few consecutive days of sharp declines, they began to panic, and even the spot traders began to sell their stocks, which was really painful.
My brothers who understand me actually came here from my old account's accurate deduction of the points. The day before the halving, I told my small family that the big cake has been trading sideways at the bottom for a week without a new low, and the short orders have signs of weakening, which means that there will be another wave of antennas. If the market hits the antenna, many cottages will be brought up.
Sure enough, in the middle of the night after the halving, Bitcoin returned to the daily long and short price of 65,000, and the copycats soared, and the inscriptions even rose by about 40%
How to build your own spot trading system in the bull market to prevent both stepping into the air and selling?
1. Build positions in batches
Choose the leading currency with advantages, and build positions in batches every time Bitcoin callbacks more than 25%, (moving stop-loss in batches can defeat many experts, and contracts are universal)
2. Never fill the position
Remember not to enter the full position mindlessly, ensure the liquidity of the position, and cherish every chance to save your life
3. Do a good job of moving stop-profit and stop-loss, and profits are not allowed to turn into losses
Short-term double the principal, let the profit fly, and at the same time protect the principal and loss to ensure that this order does not lose money
Long-term copycats double or more, move the stop-profit in batches to exchange for Bitcoin currency, get the maximum profit, and the callback of Bitcoin callback is the least, which can keep the profit of copycats in the bull market
4. Maintain a good attitude
Avoid emotional orders. Many people lose money in the bull market: I feel, I think above
Summary:
The current daily line has been sideways at the bottom for 7 days before it rushed to the daily line. This time the daily line has been going on for about a week (around the 26th. If it does not break the new high of 73,800, the spot needs to reduce its position, and at the same time, arrange long-term contract short orders, with a target of 30%-50% space, about 41,000-42,000
Keep a good attitude, a big drop and correction is the opportunity for you to get on the train, buy small when it drops slightly, and buy big when it drops sharply!
Before the market takes off, in order to get lower chips, it is necessary to wash the market by the dog dealer, wash out the unsteady chips, and clean up the high leverage.
If the spot is trapped, it is only a temporary floating loss, and it will be more painful to miss the market!
Develop a good trading strategy and mentality, and never panic!
