Hello everyone, I am Panda Brother, what I am going to say today is quite important.
Carefully and patiently watch matters that relate to your own interests at home.
If you have read my previous articles, then congratulations, you have not become a high-position buyer.
People inside the 4-hour range have already started to get trapped, and it really confirms that old saying.
Looking left at the candlestick chart, there are opportunities everywhere, looking right, there are traps everywhere, you all stare at your phones all day.
Analyzing this and that, stop analyzing blindly, let me tell you how to analyze. First and foremost, before opening a position, you need to consider the countermeasures.
And not just blindly going in. The last article clearly stated everything, including the peak at 106000. If you can still get trapped like this, I really have nothing to say.
Is there any way out? Since last night when it started to drop, it trapped people inside the 4-hour range, giving you no chance to exit, it directly broke through.
Institutions are not charity organizations. Friends who previously made profits from long positions can consider exiting. If you are afraid of missing out, you can sell part of it, but absolutely do not.
Holding onto profits is like riding a roller coaster. The Bitcoin conference is about to start soon, looking back at history, it always drops during conferences, everyone should be cautious, brothers in the long positions should operate carefully.
The bottom bought by Trump’s side will eventually need to be cashed out, and that will be a big waterfall. During this downward adjustment, if you do a swing trade with a good stop loss, that’s not a problem.
The 4-hour chart hit the middle line of KC accurately last night, you might think that it is time to reverse here, but you are very wrong. The only result of going in like this is getting trapped, so set a good stop loss. The green slope line was drawn in my last article, at the daily level. If it breaks the slope and fails to rebound, then don’t have any illusions, it will continue to oscillate downwards. Some fans commented that technical analysis is just deceiving people, harvesting leeks. My grandma laughed out her dentures when she heard that. I can only say that people can only earn the money within their understanding, there is no problem with this statement. The money you earn by luck, sooner or later, you will lose it by your ability. If you open a position now, just go short near the lower edge of this range around 103000, but make sure to set a good stop loss, don’t have any fantasies. When placing orders, directly set the stop loss to avoid FOMOing yourself later, always feeling unsure. You can also short some other coins when Bitcoin reaches 103000, this way it is more cost-effective, just see if 103000 is available, if not then there is nothing to be done. Those who don’t have a good position are just out of luck.