【The Only 'High-Risk Blogger' in Chinese - San Ma Ge】
Old Ma, as the first Chinese blogger in a high-risk zone, owes it all to his one-to-one profit and loss strategy and his method of adding positions and running away. Let us 'congratulate' him! Only a daredevil team can follow.
1. BTC has been in a narrow range of fluctuations since June 18, represented by the circled area in the chart, with a total of 14 four-hour candles over 2 days and 8 hours.
2. For such a narrow fluctuation range, my trading idea is to chase the breakout. As the fluctuation range reaches its peak compression, it will inevitably choose a direction.
3. Therefore, the trading idea becomes very clear, with just a few methods, as shown in the chart: I initially placed a short position at 104800 (the upper boundary of the consolidation range), and after the breakout, I reversed directly; upon encountering resistance, I first saw a large pin bar followed by a small pin bar, then reversed again.
【Shuqin Real盘】 Member Group Forwarding Short near 106600, stop loss set at 107600. I took a look, there is a large amount of liquidity near 107600, if it rises, it will inevitably break through, I suggest a bit higher.
1. Yesterday, Bitcoin fell from the highest point of 69,000 US dollars to the lowest point of 59,000 US dollars. This kind of market will often appear in the next bull market. Bull markets often plummet. Please remember this sentence. This wave of market conditions has exploded contract leverage. I have repeatedly emphasized never to make contracts. I have been exposed to Bitcoin since 2016 and entered the cryptocurrency industry in 2017. I have never made a contract so far, and I don’t even know how to open a position. The first thing the market has taught us during this crash is that we should never touch contract leverage. This cannot be emphasized enough.
2. I said in the article a few days ago that if you have a short position, you can enter a 30% to 40% position when Bitcoin stabilizes at 64,000 US dollars. After that, if it breaks through, you can put all the bullets in, but I emphasized that you must enter a position in Bitcoin. Bitcoin, not copycats. Once Bitcoin pulls back, copycats will inevitably be wiped out. Currently, Bitcoin is around 63,000 US dollars. In fact, there is not much floating loss, and it will rise back soon. If what you buy are copycats, just buy them now. I can pretend to be dead.
3. Assuming that in the current round of Bitcoin market before the halving, $69,000 is the highest point, then it will definitely test the high point again, repair the shadow line on the weekly line, try for a second breakthrough, and have a position in hand. Don't reduce your position, just hold it, or even cover it at a low point. But $69,000 is definitely not the highest point of this bull market.
4. Remember, when the market ends, it will not end with a sharp drop, but a slow decline, rising and falling at the same time, showing a volatile market. If you look at it from the hourly level, the high points continue to move downwards and the lowest points gradually fall below. This trend is the end of the market. So at present, I think the market is not over yet. We have to continue to observe the next trend to judge whether the market will reverse.
5. Operation suggestions: If we look at the daily line level, the lower shadow line accounts for 50% of the entire daily line. This is an obvious washout trend. If you hold the spot, don't panic and just hold it. Don't take it lightly. If you are cutting meat, you can cover your position appropriately. Now is a good time to enter a short position, so enter the market boldly. The worst trend is for Bitcoin to fall to around 59,000 US dollars again, testing the lowest point. Then the market can basically be declared to be over, but I personally think the possibility is very low.
1. Yesterday I mentioned in the article that after US$63,000 stabilizes, you can buy 30% to 40% of the position. If the US stock market does not fall after the opening in the evening, all the bullets can be inserted. If it falls, it will enter the downward channel. We will gradually Just add more positions because the trend is still up.
From the market point of view, this operation is indeed correct. It has not fallen. Bitcoin has exceeded the previous high of 64,000 US dollars. Friends who have entered the position only need to wait quietly at this time.
2. Many people are still waiting for a correction, and some are bearish. All indicators of the bull market are basically malfunctioning, and now it is a unilateral upward trend. Don't be afraid, don't worry about a big negative line suddenly coming. Remember one sentence, after the bull market reaches its peak, it will only fall slowly, not plummet. There are two reasons for all plummets. One is the explosion of contract leverage, and the other is the washout that throws retail investors off the bus. If there is a sharp drop, don't worry, be brave and pick it up, it will definitely rise.
3. Bitcoin will break through the historical high and reach US$70,000 as soon as this week. There is no sign of decline in the market. If the market reaches the top, it will test the highest point multiple times. If it cannot break through, it will start to slowly decline again. If you have a position, don't get out of the car easily, don't easily predict the high point of this market, and don't go short.
4. If the altcoin in your hand does not rise, wait for a while. Bitcoin is currently in a blood-sucking market. After Bitcoin stabilizes, the sector will rotate. It will always be your turn. Don’t change positions easily at this stage. You may end up losing money instead of making money, which means the gain outweighs the loss.
5. The final operation suggestion is that friends who have not yet entered the market can actually boldly enter the market. Of course, I only recommend entering Bitcoin at this time. I do not recommend other copycats, because if Bitcoin suddenly pulls back at this time, the copycats will fluctuate. If it is larger, it may retrace more than 10 points. It is even possible that most altcoins will not be able to outperform the market in this round of market conditions, and will instead lose money instead of making money.
Therefore, if you have a short position, you can either buy Bitcoin, use a part of the position that you can afford to lose to buy popular altcoins, or wait for the end of this round of market conditions and plan for the next round. If you are still short now, it only means that your knowledge in the currency circle still has a lot of room for improvement.You can consider joining my membership community
1. Bitcoin went through a triangular convergence zone at the weekend yesterday. The highs continued to shrink and the lows continued to rise. It was possible to form an upper breakout level, breaking through the high point of 64,000 US dollars, until it reached the high point of 69,000 US dollars. It was also possible to form a lower breakout point. 60,000 US dollars, it went out of a channel and fell, and then started to rise again.
2. It broke through the high of 64,000 US dollars this morning, but judging from the smaller 5-minute trend, it immediately retraced sharply to 62,000 US dollars after breaking through 64,000 US dollars. It may be a false breakthrough, followed by a burst contract. Then it began to fluctuate above US$63,000. From the hourly level K-line, the lows continued to rise, and it is possible that a new round of upward trend will begin.
3. As of the time of publication, Bitcoin has regained $64,000. Next, we have to see whether it will stand firm. If it stands above $64,000, you can enter a position to participate, and it will break through to a new high. Once it breaks through 69,000 US dollars, there will be no pressure from above. We will continue to see the specific position.
4. When the U.S. stock market opens tonight, I personally think there will be quite a bit of fluctuation. If this breakthrough is a false breakthrough, then a correction will begin and a channel will fall. However, don’t worry, the magnitude of the decline is limited, and the decline is for Better rise, the upward trend remains unchanged.
5. In terms of operation, I will give you two suggestions. The first is to pay attention to whether the position of 64,000 US dollars will be stable. The second is to pay attention to the trend of Bitcoin after the US stock market opens tonight.
If Bitcoin stabilizes above 64,000 US dollars, you can enter a part of the position at this time, about 30-40% of the position. Secondly, pay attention to the opening of the US stock market tonight. If Bitcoin drops sharply after the opening, it is very likely to have to go for a while. The wave pulls back and opens a downward channel. It is hard to say where it will fall. It is not certain whether it will fall below 60,000 US dollars. If the downward channel opens, then positions will be gradually covered in the next one to two weeks. The decline will be limited and the market is not over. , the decline is for a better rise.
If the U.S. stock market opens and Bitcoin goes up directly, the remaining positions can be invested directly.
6. The general trend is still upward. This round of upward trend has not ended. We see 72,000 US dollars.
1. The U.S. stock market is closed over the weekend, and Bitcoin has not fluctuated much in the past two days. Because of the approval of the Bitcoin ETF, Bitcoin and US stocks can now basically be bound. There generally won't be significant fluctuations on weekends. Only from Monday to Friday, Bitcoin may experience some market trends.
2. At the hourly level, Bitcoin is currently out of a triangle convergence range. U.S. stocks will open tomorrow, Monday. It depends on whether Bitcoin can break through. We only need to pay attention to how the main force operates at this price, and we only need to follow it.
If there is a downward trend, or if it breaks through the resistance level of 63,300 US dollars, we will enter the position again. At this time, we need to wait more.
3. There are two trends for your reference. From an hourly perspective, it is currently a triangular convergence range. If it breaks through the upper resistance level of $63,300 and effectively breaks through the high of $64,000, then we can call back to around $63,000 again. , and enter the position after stabilizing.
I think it's completely within time and there is no need to guess the direction at this current position. But in the larger cycle, we are still bullish
4. In the second trend, Bitcoin may fall out of a channel, fall below the resistance level of $60,300, and form an upward wedge. As long as it does not fall below $50,000, it will still be a bullish pattern.
If a downward channel breaks out and falls below 60,300 US dollars, then we will continue to wait for support to appear. Once effective support appears, we can enter the position and it will rise again.
There may be an equidistant rise in the strength of the rise, and the rise goal must be to break through the previous high of $69,000.
5. I personally think that a correction is more likely. The correction will find a strong support below, and then start a new round of rise again, breaking through the previous high of 69,000 US dollars. If you don’t have a position, you can wait for the opportunity, don’t worry.