Good evening, the moonlight is really beautiful, hello everyone.
1. Foreword
In my notes yesterday, I thought BTC showed signs of starting up, USD was falling, funds were flowing into the crypto circle, and BTC and gold rose simultaneously while the stock market dropped significantly, catching the trend. I opened a long position at 86,000 USD.
And at that time, I believed BTC was about to challenge the 90,000 USD level.
The bad news is that the altcoin market sentiment I left over the weekend is very poor, with continuous stop-losses on altcoins, nearly losing average profits.
2. Market Situation
1) BTC is starting, is 100,000 USD still far away?
Today several times, I wanted to roll over and go long on BTC.
Placed a limit order to increase my position at 87911, but did not get filled.
I even had the impulsive thought of investing 20,000, 88,000 USD, with liquidation controlled at 85,000 USD.
That means a fluctuation of 3,000 USD is a profit of 20,000 RMB.
But I still suppressed this thought.
Impulsiveness is the devil; since I've opened the position, unless the profit is large enough, a one-sided increase, it's suitable to add to the position when there's a chance for a pullback.
I warn myself not to be impulsive, you need to cherish opportunities.
2) ETH is still crap
I originally thought that the Ethereum upgrade on May 9th would at least provide potential buying support for the bottom price. As a result, BTC slightly corrected today, and Ethereum plummeted directly.
I didn't even want to take a glance. Later, when it pulled back to 1628, I set a limit order. But at the time of writing this, it still isn't performing well. I directly closed the position.
3) SOL significantly outperforms ETH in the bull market as the second choice
New resistance level 143, if it breaks 144, you can go long. Currently holding profits, not in a hurry to close the position.
4) Altcoins suffered huge losses, high volatility makes it easy to hit stop-loss
Also, over the weekend, relying on altcoins, I quadrupled my capital, but as a result of the altcoin operations after closing, I nearly lost half of the profits. Repeated stop-losses, repeatedly opening positions, after stop-loss, the price keeps returning to my entry price. I don't believe in evil, today I opened a long position on magic, and I firmly decided not to close it, waiting for liquidation, not to stop-loss. Position size 650 USD
Now I'm directly down half. I incurred 80 USD in fees twice. A significant loss.
3. Position: Initial capital 10,000 RMB -> Funds 27,000 RMB (withdrawn 7,000)
Total leverage ratio 11.47 times
Position screenshot is below.
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