The counterfeit long position opened today, because I'm bearish on Bitcoin, I didn't hold out to the next high or a new high, manually stopped loss, it's another day of fluctuating emotions. Now I've opened short positions on BTC and XRP, and taken low-leverage long positions on Pnut and Act, strictly adhering to my trading system, I can definitely do it.
After I took profit on the long position of vine/ai16z yesterday, it continued to rise sharply for a while, but I was very satisfied. Now the requirement is to strictly follow my own system. If I can double the profit in a month, it will be perfect. As a result, the system has doubled my profit in just a few days. Today's strategy is to take profit if the short-term can touch a new high or the second high. I am going to find a structural short for BTC today or tomorrow.
Starting live trading next Wednesday, What I value most is having real core trading abilities. Even if I lose a lot of money, I still have great confidence in my trading skills; otherwise, I wouldn't have the idea of live trading.
The BTC strategy I shared recently was all right except for the loss of a long position yesterday.
The reason is still due to the review of the central expansion and central extension during this period, as well as the perspective of looking at a larger cycle.
After the long position was lost yesterday, I immediately chased the short position. Pay attention to the profit protection of the short position here.
The next market will only be more difficult, so keep an eye on it.
From the perspective of sentiment, there should be a correction here. But the greater possibility here is that it will remain sideways and wait for a fall, which is also a strong performance.
The short-term target will remain around 74,000 next week.
The structure has changed, the short position here will be closed immediately, and a light position will be long. Now outside, draw the line after returning!!
This week's weekly line will exceed last week's weekly high, that is, more than 70,200, and after reaching a new high next week, it will plummet and fall below 53,000.
The speed and magnitude of BTC's decline this time are really jaw-dropping.
As mentioned before, since the daily line has a downward structure, it is wrong to fantasize that a stroke in the opposite direction can strongly reach a new high.
It has also paid a heavy price for this. The average price of spot BTC plus option purchases is as high as 64,000!
The key point is that it is not the bottom range at present: the slope of the entry segment and the slope of the exit segment are too different, and the exit segment is larger than the entry segment, so at least a central axis will be formed here before it is possible to go up.
But the current rebound is just a strong stroke, so don't be confused by the current situation. The bottom range this time is likely to be around 42,000-36,000.
BTC daily perspective The line segment of the BTC daily line has actually gone down, but as I said yesterday, the bad nature of the entanglement theory is the most important gain of my review in the past six months.
Many times, the line segment has just been confirmed, and it often goes in the opposite direction, pulling out a strong pen. From an emotional point of view, it may be the unwillingness of the group. For example, this year, the market seems to be very good, but most users' cottages have experienced a roller coaster ride. Users holding low positions are just profit withdrawals, but those holding high positions have almost lost more than 70%.
I think before September 15, BTC will go to 85,000-95,000u! ! ! But after it reaches the point, it will continue to fluctuate and fall, and go below 50,000u once, but the cottage will perform well in the rebound of BTC's decline. For example, I think it will be very strong in the next two months.
Dear brothers, long time no see, I am Inner Order. A few months ago, I was favored by you all. I published my positions in real time to verify my strategy and attracted everyone's attention. I think I have a certain accuracy in the market trend. During this period of time, I have been trading and reviewing every day. I finally understand the core and inferiority of the Chaos Theory for contract trading. This time I will be very strong.
BTC will be a huge pump in August and September! ! Target 85000-95000u! ! !
The current position is the last boarding range, 30min rising line segment, thus forming a larger one. Don't be short easily before this time ends, otherwise it will form fuel! !
As long as BTC does not break through 63856 again, the risk will not be eliminated. It’s still a bit early to buy at the bottom, and the content I posted just now has been deleted.