The short position held yesterday was ultimately stopped out. I reviewed the overall logic and realized that the stop loss was set too aggressively; the most conservative position should be 88500! Currently, the Bitcoin 8H channel is closing low, with short signals. At the same time, the turning point has broken, and the bullish structure has broken, leading to expectations of a pullback! Therefore, one can wait for a rebound to gamble on a short.
The short position from the pancake trade the day before yesterday is still in hand, currently in a floating loss state. After yesterday's drop, there was no reduction or closing of positions because a larger short signal appeared on the smaller time frame. However, an oversight was made here by ignoring a key point: the 1.272-1.382 range of the bullish structure below overlaps with the small short target above, creating a rebound expectation! What was not anticipated was that this rebound directly broke the original short structure! It remains unknown whether there will be a continuation of the rise or if a larger short will form. At the same time, it is important to note that chasing longs here is not advisable; any increase does not concern us.
Currently, Bitcoin has entered the daily resistance zone. In this range, do not chase long positions. The best strategy is to buy on a pullback, specifically when it pulls back to the previous buying zone during the recent rise, and look for specific channel signals to enter. At the same time, on the 1H timeframe, a bearish structure has emerged, so here you can look for bearish target areas and overlap with the previous bullish pullback zone to enter long from the left side.
#币安投票上币 $BTC After breaking the high point last night, the 4H structure has formed. Those holding long positions at the bottom can continue to aim for the target above!
This morning after getting up, I opened a short position, betting on a pullback expectation. Currently, a bearish structure has formed above; I wonder if it can break out.
Yesterday I placed a long order for ETH near the bottom, but unfortunately I exited early and missed a great profit opportunity! Currently, the expectation for a rebound in the 4-hour major structure is still there, but can we continue to chase longs? No! Because the small structure has already completed, there is a demand for a pullback. Let's wait for the pullback to end and then see if the major structure's rebound can continue.
#美国加征关税 #币安投票下币 The rebound has arrived as expected, and there are still short positions held. After this rebound ends, it is highly likely to reach 1200! Long and short positions are held mutually, without interference, and two trades are already a no-risk gamble.
“Those countries are calling, kissing my butt. They are eager to reach an agreement, saying ‘Please, sir, let’s make a deal. We are willing to do anything!’” This was Trump’s original words at the NCRR dinner. I don’t know how the fans of Hua Chuan are going to spin this. The fans saw the response from Dongda and were devastated, saying it shouldn’t have been countered, that civilized countries choose compromise, which is hilarious to me. Trump certainly disagrees with your viewpoint. In Trump’s eyes, those who go to negotiate are there to ‘kissing my ass’, being tough on weak opponents and afraid of strong ones, humiliating those who kneel and lick. This is Trump.”
The fans of Hua Chuan are truly a bunch of cheap people.
Woke up in the middle of the night, glanced at my phone, and $ETH still hasn't reached the target position, but has instead dropped back a bit! Ridiculous, the trend of $BTC is still relatively standard, but I think there must be some idiots continuously chasing the rise in this trend, and something is bound to happen if nothing unexpected occurs! Hopefully, it won't happen.