#BTC cleared all spot positions near 30000. The daily level has developed a two-yin and one-yang pattern, a typical short trend. At the same time, the 4-hour level has fallen all the way through the support bands of ma90 and ma120. At least in the short term, there will be a larger trend. The retracement is already open, be careful with the risks!
#ARB Let’s briefly review this wave of operation ideas:
1. On April 11, it was suggested that there was a possibility of breaking through the triangular shock range. However, the breakthrough failed that night and returned to the lower edge of the shock range. The short position was trapped;
2. On April 12, it fluctuated at the lower edge of the range, the currency price stopped falling, and there were signs of gradual strengthening. The probability of breakthrough increased, and positions were added at the bottom;
3. On April 13, it continued to fluctuate and rise, breaking through the upper edge of the shock triangle, breaking through to chase long, and the overall position reached 3x
1. Reduce operations in volatile market conditions. False signals back and forth can easily lead to repeated stop losses and loss of principal.
2. Even if you want to trade, you should keep a small position, only place orders at the shock boundary, wait for an advantageous entry position, and do not trade for the sake of trading.
3. The trend line requires precision, and it is more reliable to use the high and low points in the range as important endpoints of the boundary. Ignoring the shadow line can easily lead to misjudgment of breakthroughs.