Shorting the market and making 400% in 1 hour
Nothing makes money faster than shorting!
The master of speculation, Livermore, shorted the US stock market and made 10 billion in one go...
I shorted the Middle East conflict $BTC and made 400% in one go (Figure 1-although it was only 2000 points, this transaction was successful)
If you still short when you see the price rise too high, it means you are still a leeks. If it rises too high, it means it is very strong. If you short rashly, it can blow up your position in minutes, so how to short?
Figure 2 is the point chart of entering the market to short after breaking the range when I saw the top trend of $BTC formed on the morning of April 19. It took 2000 points of plunge in 1 hour. This order has a profit of 400%, so how to short?
There are three necessary conditions for short selling:
1. Bulls are powerless 2. Consolidation at high levels 3. Bears are exerting their strength
1. Bulls are powerless
When the price explodes, don’t short easily, because we can’t judge whether the price has reached the top. Feelings and emotions are deceiving ourselves. We must not fantasize about entering the market at the highest point. That is also gambling. We must see that bulls are powerless to show that the price has reached a top. There are usually several manifestations
1. The upper shadow line becomes more 2. The positive line overlaps 3. No high point is created
These three situations can all show that the bulls have failed to rush high, there are bulls selling and closing positions, and there are bears exerting their strength. The power of bulls is weakened, which is worthy of attention. It does not mean that it will fall. Let’s continue to watch its next trend
2. High-level sideways
Next, it usually consolidates at a high level. There are relatively few direct V-shaped reversals, and it is not suitable for receiving needles. Although the feeling of receiving needles is good, you will often receive flying knives. The opening position will stop loss or burst soon, and it is difficult to follow up and manage. If you receive it, you can’t judge whether you received it right or wrong. Every second can make your heart beat faster. If it falls, it is not too late to enter the market and open a short position after it confirms that it has really fallen below the previous big positive line.
When it is consolidating at a high level, many cross star K lines may appear, constantly breaking up and down, and constantly failing to break through, which will form a chip range. Try not to enter the market within the range, otherwise the account will continue to make floating profits and losses, and it will be very uncomfortable to hold a position. In the end, you can't hold it and sell it.The chip range will eventually...
3. Shorts will exert their strength
There will definitely be a breakthrough. When the chip range breaks down, it means that the shorts have begun to exert their strength. At this time, you can directly enter the market to short. This chip range will become a resistance zone. The stop loss can be placed above the resistance zone. Then you can welcome the plunge. It may also rebound and retest this resistance zone. If the retest does not break through the resistance, the downward trend will continue.
These are all information obtained from the market, not your own guesses. After entering the market, it is also easy to strengthen your belief in shorting, because the market is already falling, and the rebound is only caused by the long positions. As long as the key position is not broken, let the profits run. As the saying goes, those who know how to buy are apprentices, and those who know how to sell are masters. So when should you close your position?
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