2025/2/10 Bitcoin Trend Review:
There was no trading volume and volatility over the weekend, so no analysis was done. There was still no volatility on Monday. From the daily chart, Bitcoin has now formed four cross stars. Yesterday's closing was a small positive line. It cannot be subjectively considered that a breakthrough has been made. Multiple cross stars are trading ranges in a smaller time period, and 80% of the breakthroughs in the range are failures. The closing price of the daily line will attract the price back to a "fair" position like a magnet.
The end of the 2/9 trading session tested the range downward, and the result showed that it failed to break through. At the same time, it formed a double bottom with the 8th K-line on 2/10, but the existence of structure does not mean that trading is necessary. Trading requires background and signals. The so-called structure is viewed from hindsight, and it cannot be said that it has been formed before it is broken. Until the 14th K-line, a large positive line strongly broke through the overlapping part of the previous three K-lines and broke through the moving average. Buy stop was used above the 14th K-line. It is a reasonable choice to enter the market with a long order, but the subsequent price moves very slowly and forms a range. You can continue to hold or wait for the price to test the top of the range to close the position.
There were not many trading opportunities all day yesterday. I personally traded gold and foreign exchange. I would like to share some trading experience:
1. Stop loss in time to avoid losing a lot of money
2. Be patient to wait for good trading opportunities
I haven't traded gold, crude oil and foreign exchange for a long time. When I started again, I didn't trade in the US market time and there was a spread problem, which led to many mistakes in the details. The winning rate was only 27%, but I only lost a little bit overall. The K-line did not match my I will leave the market early when I expect it, so that I can survive in the market without suffering a big loss. Because I can stop losses in advance, my profit-loss ratio is relatively high. Otherwise, with my 27% winning rate, I probably won’t make much money.
Because I look at the five-minute chart, and the gold price fluctuated very quickly yesterday, I looked at gold and currency pairs when I came back to do gold and foreign exchange. I looked at one and didn’t care about the other, which led to missed opportunities. So I tried to rationalize my thoughts and made a lot of unnecessary orders, which were completely unnecessary afterwards.
