2.24 Market Analysis:
Bitcoin BTC Market Analysis: Bitcoin is really a relay decline. This market is expected, but also unexpected. It was a good wave of pull-ups last week, but it was suddenly knocked down by a piece of news, causing a series of chain reactions. I thought it would fall, but I didn’t expect it to really break through 93,000 last night. So the 93,000 recommended yesterday has ended with a stop loss. I was also stopped out. The position with a single order can be seen. I was really stopped out. But I need to remind you that I only lost 1.5% of the principal. Stop loss is not a blow-up. My daily routine is either stop loss or profit. It’s just that I make more money and lose less. If you really want to make money in this market by trading, you can really pay attention to my operation method. Anyway, it’s free. I don’t cut leeks and ask you to buy leek coins.
Suggestions for placing orders: Bitcoin has started to rebound slightly, rebounding by 1,000 points, not much, so from today to tomorrow morning, it is possible to continue to explore. There are many people in the market who are bottom-fishing now, and long orders are also very dangerous. The mood has dropped, but it has not broken 90,000, and the mood is not in place, so we must prevent pins. Long orders can be made, but stop loss must be set at 91,000. If it goes down, it will definitely go to around 89,000. At this position, the mood is almost in place. Basically, all long orders with leverage of more than 10 times are either cut or liquidated. At this time, the rebound will be stronger.
Today's recommendation: I don't recommend cottages today. At this time, only big cakes are the only trustworthy ones. Then someone will say why not recommend short orders. It makes sense not to recommend them. Many cottages have reached the bottom, and short orders have no profit margins, but he can just insert a pin online and the short orders will be wiped out. The risk is greater than the benefit. I dare not do it myself, and I dare not call on everyone to do it. Since we live in this circle, we should not gamble.
Diligence makes you proficient, and play makes you waste. Success is achieved through thinking and failure is caused by following. The author has painstakingly studied cryptocurrency trading and used theory to support the trading system. All analysis is shared for free, without cutting leeks. Welcome all the big guys to communicate and improve together.
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