Wolf_king88
It focuses on trading strategies with a high profit-loss ratio, making big profits from small losses and achieving stable asset growth.X:Wolf_king888
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Trading System-Risk Management
Risk management is a word that everyone who does trading, often hangs on the lips, but most people tend to just talk about risk management; Unable to actually establish the awareness of risk management, relying too much on intuitive trading, so that it is impossible to achieve long-term use of fixed trading strategies to achieve profit purposes.
Today I will share with you a systematic risk control concept. I hope it will be of some help to your futures trading in the future. Remember to forward and like it~
What should you pay attention to when trading futures?
First of all, the biggest advantage of futures trading is that small funds can be used as margin guarantee transactions, which can control risks more flexibly than spot prices; similarly, the biggest disadvantages of futures trading are the same as the advantages. While using leverage to amplify profits, you need to The risks taken will also be magnified in proportion;
Investors with poor trading experience often use leverage incorrectly (mainly referring to excessive magnification), coupled with psychological instability, they are prone to the following serious situations:
1. Wrong risk managementImproper use of leverage, or operations with a low winning rate or low profit-loss ratio;Many novices tend to ignore the advantages of using leverage, blindly use too high leverage, or too high number of contracts, focusing on the immediate potential profits and ignoring the potential risks brought by leveraged trading, which invisibly magnifies the risks, resulting in Positions are overexposed to risk and liquidated;
2. Immature mentalityLosing money or missing out on the market leads to greed, regret, fear and other negative psychological effects that affect judgment, making it impossible to operate according to the strategy;
3. Gambler’s psychologyAfter losing money in the market, you want to make back the loss through a larger margin. If you make a profit, you want to continue making profits with a larger position;
There may also be another situation where the trend reversal is close to the stop loss, but because the position on the market is at a floating loss, you choose to continue to hold the position, going against the trend, resulting in amplified losses, or even liquidation; or when the price has reached a floating profit, The strategy has a profit-taking target, but due to greed, one chooses to continue holding the position, causing the original profit to be taken back or even turn into a loss;
In the trading market, retail investors often make too many mistakes and get lost in technical analysis. They pursue the perfect strategy with a 100% winning rate and ignore the implementation of the general principle of stop-profit and stop-loss.
What is risk?
Risk is the uncertainty of future investment returns in the trading market. Loss of income, or loss of principal, can be included in investment risk. The characteristics of risk include objective probability, meaning that the risk can be taken to prevent the occurrence, or reduce the loss caused by the occurrence of a risky event, but it is impossible to completely eliminate the risk, because to do so means that we will also eliminate the future gain. This also shows that risk management in the trading market is very necessary and very important.
What is risk management?
Risk management and control means taking effective measures to reduce the probability of occurrence of risk events, or effectively reduce the loss caused by risk events after the occurrence of risk events, and control the loss to an acceptable degree. Traders with less trading experience tend to focus too much on technical analysis and trading strategies, and place too much trust in strategic indicators. These traders often inadvertently ignore the probability of the occurrence of risk events, the entire principal as a margin to make a one-time bet trading, such traders, the final result is only death.
Importance of profit-loss ratio
A profit-loss ratio that is too low will result in more losses and less profit.Assuming that our risk management strategy is to set the profit-loss ratio of each transaction to 1:1, we must at least maintain the winning rate of the transaction above 50% to ensure stable profits for the position;If the profit and loss ratio is set to 1:1, for any transaction we should ensure that the profit and loss ratio is greater than or equal to 1:1 before entering the market. Otherwise, even if the winning rate is high, the effective profit and loss ratio cannot be achieved. It may also cause a large profit retracement or even loss after a loss occurs.
A higher profit-loss ratio in the trading strategy can effectively make up for the problem of lower than 50% winning rate in trading;
for example:
In an account with 10,000 USDT, each transaction uses 1% of the position as the cost (100 USDT), and the profit and loss ratio is controlled at 1:3. In 10 transactions, there will be an average of 4 take-profits and the remaining 6 losses. purely looking at the winning rate, the trading winning rate is only 40%. Such a result is definitely unsatisfactory.
However, based on the profit-loss ratio combined with the winning rate, the average overall profit for 10 transactions falls within:(100USDT (1% cost)*3 (profit-loss ratio)*4 profits) — (100USDT (1% cost)*1*6 losses)=1200USDT-600USDT=600USDT
We can see that with a trading strategy that controls the profit and loss ratio at 1:3 each time and uses 1% of the total position as a cost, although the winning rate is only 40%, we can also get a 6% return in every 10 transactions. The most important thing is that even if a loss occurs, only 1% of the positions bear the risk of loss.
This is also why we pursue a high profit-loss ratio. Only a high profit-loss ratio + a high winning rate can achieve effective compound interest.
Summarize
In the trading market, risk management accounts for at least 80% of the importance, and the remaining 20% is the trading system and strategy. Avoid blindly pursuing technical analysis and indicators, strictly implement basic skills and risk control, and avoid gambling operations such as heavy positions and full positions. The long-term stability of position funds is the correct trading direction.
The futures market is highly volatile. It is recommended that investors strictly implement risk management. Only by surviving in the trading market can we have the opportunity to achieve more trading goals.
➡️If it is useful to you, please remember to forward it📤Like❤️~
#crypto2023 #Binance #trading #wolf_king888
Today I will share with you a systematic risk control concept. I hope it will be of some help to your futures trading in the future. Remember to forward and like it~
What should you pay attention to when trading futures?
First of all, the biggest advantage of futures trading is that small funds can be used as margin guarantee transactions, which can control risks more flexibly than spot prices; similarly, the biggest disadvantages of futures trading are the same as the advantages. While using leverage to amplify profits, you need to The risks taken will also be magnified in proportion;
Investors with poor trading experience often use leverage incorrectly (mainly referring to excessive magnification), coupled with psychological instability, they are prone to the following serious situations:
1. Wrong risk managementImproper use of leverage, or operations with a low winning rate or low profit-loss ratio;Many novices tend to ignore the advantages of using leverage, blindly use too high leverage, or too high number of contracts, focusing on the immediate potential profits and ignoring the potential risks brought by leveraged trading, which invisibly magnifies the risks, resulting in Positions are overexposed to risk and liquidated;
2. Immature mentalityLosing money or missing out on the market leads to greed, regret, fear and other negative psychological effects that affect judgment, making it impossible to operate according to the strategy;
3. Gambler’s psychologyAfter losing money in the market, you want to make back the loss through a larger margin. If you make a profit, you want to continue making profits with a larger position;
There may also be another situation where the trend reversal is close to the stop loss, but because the position on the market is at a floating loss, you choose to continue to hold the position, going against the trend, resulting in amplified losses, or even liquidation; or when the price has reached a floating profit, The strategy has a profit-taking target, but due to greed, one chooses to continue holding the position, causing the original profit to be taken back or even turn into a loss;
In the trading market, retail investors often make too many mistakes and get lost in technical analysis. They pursue the perfect strategy with a 100% winning rate and ignore the implementation of the general principle of stop-profit and stop-loss.
What is risk?
Risk is the uncertainty of future investment returns in the trading market. Loss of income, or loss of principal, can be included in investment risk. The characteristics of risk include objective probability, meaning that the risk can be taken to prevent the occurrence, or reduce the loss caused by the occurrence of a risky event, but it is impossible to completely eliminate the risk, because to do so means that we will also eliminate the future gain. This also shows that risk management in the trading market is very necessary and very important.
What is risk management?
Risk management and control means taking effective measures to reduce the probability of occurrence of risk events, or effectively reduce the loss caused by risk events after the occurrence of risk events, and control the loss to an acceptable degree. Traders with less trading experience tend to focus too much on technical analysis and trading strategies, and place too much trust in strategic indicators. These traders often inadvertently ignore the probability of the occurrence of risk events, the entire principal as a margin to make a one-time bet trading, such traders, the final result is only death.
Importance of profit-loss ratio
A profit-loss ratio that is too low will result in more losses and less profit.Assuming that our risk management strategy is to set the profit-loss ratio of each transaction to 1:1, we must at least maintain the winning rate of the transaction above 50% to ensure stable profits for the position;If the profit and loss ratio is set to 1:1, for any transaction we should ensure that the profit and loss ratio is greater than or equal to 1:1 before entering the market. Otherwise, even if the winning rate is high, the effective profit and loss ratio cannot be achieved. It may also cause a large profit retracement or even loss after a loss occurs.
A higher profit-loss ratio in the trading strategy can effectively make up for the problem of lower than 50% winning rate in trading;
for example:
In an account with 10,000 USDT, each transaction uses 1% of the position as the cost (100 USDT), and the profit and loss ratio is controlled at 1:3. In 10 transactions, there will be an average of 4 take-profits and the remaining 6 losses. purely looking at the winning rate, the trading winning rate is only 40%. Such a result is definitely unsatisfactory.
However, based on the profit-loss ratio combined with the winning rate, the average overall profit for 10 transactions falls within:(100USDT (1% cost)*3 (profit-loss ratio)*4 profits) — (100USDT (1% cost)*1*6 losses)=1200USDT-600USDT=600USDT
We can see that with a trading strategy that controls the profit and loss ratio at 1:3 each time and uses 1% of the total position as a cost, although the winning rate is only 40%, we can also get a 6% return in every 10 transactions. The most important thing is that even if a loss occurs, only 1% of the positions bear the risk of loss.
This is also why we pursue a high profit-loss ratio. Only a high profit-loss ratio + a high winning rate can achieve effective compound interest.
Summarize
In the trading market, risk management accounts for at least 80% of the importance, and the remaining 20% is the trading system and strategy. Avoid blindly pursuing technical analysis and indicators, strictly implement basic skills and risk control, and avoid gambling operations such as heavy positions and full positions. The long-term stability of position funds is the correct trading direction.
The futures market is highly volatile. It is recommended that investors strictly implement risk management. Only by surviving in the trading market can we have the opportunity to achieve more trading goals.
➡️If it is useful to you, please remember to forward it📤Like❤️~
#crypto2023 #Binance #trading #wolf_king888
📊 Is the #BTC pullback over?
🧠From a structural perspective, a bearish structure has formed on both the 1-hour and 4-hour charts, so we should be wary of the risk of a further pullback.
➡️Resistance is the area formed by the two necklines (114675-115729).
Support is primarily the overlap between the yellow and green areas (110000-111688). If we can establish a bullish structure on the 1-hour chart here, we still have a chance of continuing the bullish trend.
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#Wolf_king88 $BTC
🧠From a structural perspective, a bearish structure has formed on both the 1-hour and 4-hour charts, so we should be wary of the risk of a further pullback.
➡️Resistance is the area formed by the two necklines (114675-115729).
Support is primarily the overlap between the yellow and green areas (110000-111688). If we can establish a bullish structure on the 1-hour chart here, we still have a chance of continuing the bullish trend.
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#Wolf_king88 $BTC
#BTC Update
We broke directly below both L1 and L2, signaling the emergence of a bearish structure in the 1-hour and 4-hour charts, so we should be wary of a further pullback.
After breaking below L2 again, we added a long order of the same size, and therefore exited the long position near our cost price after the rebound.
If we can break through the blue turning point of 116,000, we have the potential for a further rebound. If the price can reclaim above 118,000 next Monday, we have a chance to continue the bullish trend. Otherwise, we should be wary of the risk of a further pullback. We should keep an eye on the next support level around 111,500.
#Wolf_king88 $BTC
We broke directly below both L1 and L2, signaling the emergence of a bearish structure in the 1-hour and 4-hour charts, so we should be wary of a further pullback.
After breaking below L2 again, we added a long order of the same size, and therefore exited the long position near our cost price after the rebound.
If we can break through the blue turning point of 116,000, we have the potential for a further rebound. If the price can reclaim above 118,000 next Monday, we have a chance to continue the bullish trend. Otherwise, we should be wary of the risk of a further pullback. We should keep an eye on the next support level around 111,500.
#Wolf_king88 $BTC
📊#BTC Potential Trading Opportunities🔥
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
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#Wolf_king88 $BTC
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
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#Wolf_king88 $BTC
📊#BTC Potential Trading Opportunities🔥
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
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#Wolf_king88 $BTC
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
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#Wolf_king88 $BTC
📊Where is the support for #BTC?
🧠From a structural perspective, we did not stabilize after breaking through the inflection point of 119240, but broke down quickly. According to the current structure, the short-term support area is 112000-113700.
➡️From a morphological perspective, we failed to successfully break through the h point, but chose to break down, so we need to be vigilant about further pullbacks!
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#Wolf_king88 $BTC
🧠From a structural perspective, we did not stabilize after breaking through the inflection point of 119240, but broke down quickly. According to the current structure, the short-term support area is 112000-113700.
➡️From a morphological perspective, we failed to successfully break through the h point, but chose to break down, so we need to be vigilant about further pullbacks!
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#Wolf_king88 $BTC
📊#BTC Ascending Triangle📊
🧠From a structural perspective, we are still in a sideways consolidation phase. We have already built a short structure. If we want to continue to rise, we need to break through the blue turning point 119240 and stabilize before we can usher in a big surge.
➡️From a morphological perspective, an ascending triangle is forming. After breaking through h, it is confirmed that the upward breakthrough will occur. The subsequent pullback is worth our participation.
⚠️If we fall below the low point near 116000, we cannot blindly go short, because the sideways consolidation time is too long. After the selling pressure is exhausted, the lows that appear are all opportunities for us to participate in long transactions.
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#Wolf_king88 $BTC
🧠From a structural perspective, we are still in a sideways consolidation phase. We have already built a short structure. If we want to continue to rise, we need to break through the blue turning point 119240 and stabilize before we can usher in a big surge.
➡️From a morphological perspective, an ascending triangle is forming. After breaking through h, it is confirmed that the upward breakthrough will occur. The subsequent pullback is worth our participation.
⚠️If we fall below the low point near 116000, we cannot blindly go short, because the sideways consolidation time is too long. After the selling pressure is exhausted, the lows that appear are all opportunities for us to participate in long transactions.
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#Wolf_king88 $BTC
#BTC Update:
The target area of the bullish head and shoulders structure has been achieved, but there was a pullback before the pressure level near 121,000 was tested. If the bullish trend is to continue, it is necessary to effectively break through the resistance near 121,000. The current long positions have been reduced by 80%, and only a small part of the positions are retained to expect the continuation of the bullish trend.
Short-term support is near 117,911, and extreme support is near 117,000.
The bullish defense point is 116,000. If it falls below this, it means that a deep pullback is likely to occur.
#Wolf_king88 $BTC
The target area of the bullish head and shoulders structure has been achieved, but there was a pullback before the pressure level near 121,000 was tested. If the bullish trend is to continue, it is necessary to effectively break through the resistance near 121,000. The current long positions have been reduced by 80%, and only a small part of the positions are retained to expect the continuation of the bullish trend.
Short-term support is near 117,911, and extreme support is near 117,000.
The bullish defense point is 116,000. If it falls below this, it means that a deep pullback is likely to occur.
#Wolf_king88 $BTC
📊#BTC Ascending Triangle✔️
🧠From a structural point of view, we are still in a long-term bullish trend, and the short-term short structure of the small cycle is difficult to change the trend force of the large cycle. And we have been sideways here for a long time, digesting the selling pressure here, and it seems difficult to pull back. And the 15m level has built a bullish head and shoulders structure, so please be cautious about shorting!
➡️From a morphological point of view, the price is gradually compressed and formed into an ascending triangle. Generally, we will use this model to continue the original trend force.
⚠️Note that if we fall below the inflection point of 115687, it means a short structure at the 4h level. We need to be alert to further pullbacks. At that time, if we want to participate in long transactions, we need to find a lower support level to participate, such as around 112000.
Let's take a look👀
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#Wolf_king88 $BTC
🧠From a structural point of view, we are still in a long-term bullish trend, and the short-term short structure of the small cycle is difficult to change the trend force of the large cycle. And we have been sideways here for a long time, digesting the selling pressure here, and it seems difficult to pull back. And the 15m level has built a bullish head and shoulders structure, so please be cautious about shorting!
➡️From a morphological point of view, the price is gradually compressed and formed into an ascending triangle. Generally, we will use this model to continue the original trend force.
⚠️Note that if we fall below the inflection point of 115687, it means a short structure at the 4h level. We need to be alert to further pullbacks. At that time, if we want to participate in long transactions, we need to find a lower support level to participate, such as around 112000.
Let's take a look👀
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#Wolf_king88 $BTC
#ETH Update:
Although we were close to the daily resistance zone yesterday, the ETH/BTC exchange rate was strong and the bulls were stronger than BTC, so we only participated in short trades on BTC yesterday.
Today, the price reached the upper edge of the blue resistance zone and was blocked, so we tried some short trades and are now risk-free.
If we can successfully break below the turning point of 3310, it means that the bullish trend may be over, so we need to be wary of the risk of a pullback. If you can build a bearish head and shoulders structure in the blue resistance zone, you can also try to participate in some short trades.
#Wolf_king88 $ETH
Although we were close to the daily resistance zone yesterday, the ETH/BTC exchange rate was strong and the bulls were stronger than BTC, so we only participated in short trades on BTC yesterday.
Today, the price reached the upper edge of the blue resistance zone and was blocked, so we tried some short trades and are now risk-free.
If we can successfully break below the turning point of 3310, it means that the bullish trend may be over, so we need to be wary of the risk of a pullback. If you can build a bearish head and shoulders structure in the blue resistance zone, you can also try to participate in some short trades.
#Wolf_king88 $ETH
#BTC Update:
The pullback reaction has already occurred, which means the winning rate has been achieved.
If you have a good profit, you can reduce your holdings or set it to risk-free.
Only if it falls below the turning point of 115687 can we look forward to greater profits and obtain a higher profit-loss ratio.
#Wolf_king88 $BTC
The pullback reaction has already occurred, which means the winning rate has been achieved.
If you have a good profit, you can reduce your holdings or set it to risk-free.
Only if it falls below the turning point of 115687 can we look forward to greater profits and obtain a higher profit-loss ratio.
#Wolf_king88 $BTC
📊#ETH is about to reach the resistance zone ⚠️
🧠From a structural perspective, we are about to reach the resistance zone at the daily level, so we need to be wary of the risk of a pullback. If your cost price does not have much advantage, then please remember to lock in profits in time.
➡️New long trades need to wait patiently for a pullback to occur before participating, or the trend is relatively strong, and continue to consolidate sideways to form a new long structure to continue the long trend, otherwise we can't chase the rise near the resistance zone.
Will we start a pullback from here? Let's see 👀
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#Wolf_king88 $ETH
🧠From a structural perspective, we are about to reach the resistance zone at the daily level, so we need to be wary of the risk of a pullback. If your cost price does not have much advantage, then please remember to lock in profits in time.
➡️New long trades need to wait patiently for a pullback to occur before participating, or the trend is relatively strong, and continue to consolidate sideways to form a new long structure to continue the long trend, otherwise we can't chase the rise near the resistance zone.
Will we start a pullback from here? Let's see 👀
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#Wolf_king88 $ETH
📊#BTC Beware of the risk of a pullback⚠️
🧠From a structural perspective, we are continuing the trend of the long-term bullish structure in the long cycle, but there is no bullish structure as a supporting force in the short cycle, so we need to be wary of the possible risk of a pullback!
➡️At present, there is a relatively large resistance near 121,000, and the support reaction near 116,000 has been realized. The short-term support area we need to pay attention to next is 112,000-114,000
Let's take a look👀
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#Wolf_king88 $BTC
🧠From a structural perspective, we are continuing the trend of the long-term bullish structure in the long cycle, but there is no bullish structure as a supporting force in the short cycle, so we need to be wary of the possible risk of a pullback!
➡️At present, there is a relatively large resistance near 121,000, and the support reaction near 116,000 has been realized. The short-term support area we need to pay attention to next is 112,000-114,000
Let's take a look👀
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#Wolf_king88 $BTC
📊Where is the mid-term target for #BTC?
🧠From a structural perspective, the bullish structure at the weekly and monthly levels is intact, so any increase is reasonable. We are approaching the target area of 132k-175.5k at the weekly and monthly levels. Please remember to lock in profits for spot trading.
➡️The weekly closing price is higher than the weekly resistance line, so the resistance line turns into a support line. If the price can return here again, you can look for bullish signals to participate in some long trades.
⚠️Short trading is a counter-trend trade, so we need to be cautious enough, and risk management is a must.
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#Wolf_king88 $BTC
🧠From a structural perspective, the bullish structure at the weekly and monthly levels is intact, so any increase is reasonable. We are approaching the target area of 132k-175.5k at the weekly and monthly levels. Please remember to lock in profits for spot trading.
➡️The weekly closing price is higher than the weekly resistance line, so the resistance line turns into a support line. If the price can return here again, you can look for bullish signals to participate in some long trades.
⚠️Short trading is a counter-trend trade, so we need to be cautious enough, and risk management is a must.
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#Wolf_king88 $BTC
📊#BTC reaches the target area, beware📉
🧠From a structural point of view, we have reached the target area of the bullish structure, so we need to be alert to the risk of callbacks and do not chase the rise in the target area!
➡️From a graphical point of view, the appearance of the ascending triangle means that the daily level of the upward trend is about to come to an end, so we need to be alert to the correction of the daily level. However, it is worth noting that the bullish trend at the weekly and monthly levels is still intact.
➡️Therefore, if we want to participate in long transactions, we must wait for the callback to occur. The aggressive support level is around 114000, and the stable support area is 110000-112000.
⚠️No matter how the market develops, it is reasonable, so please do a good job of risk management, keep yourself alive first, and then seek profits!
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#Wolf_king88 $BTC
🧠From a structural point of view, we have reached the target area of the bullish structure, so we need to be alert to the risk of callbacks and do not chase the rise in the target area!
➡️From a graphical point of view, the appearance of the ascending triangle means that the daily level of the upward trend is about to come to an end, so we need to be alert to the correction of the daily level. However, it is worth noting that the bullish trend at the weekly and monthly levels is still intact.
➡️Therefore, if we want to participate in long transactions, we must wait for the callback to occur. The aggressive support level is around 114000, and the stable support area is 110000-112000.
⚠️No matter how the market develops, it is reasonable, so please do a good job of risk management, keep yourself alive first, and then seek profits!
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#Wolf_king88 $BTC
📊#ETH Ascending Triangle 📉
🧠From a structural perspective, the bullish target near the neckline support area has been achieved, so there is an expectation of a pullback.
➡️From a graphical perspective, there is an ascending triangle superimposed inside the ascending wedge. Generally, we regard such models as bearish models. Therefore, with the support of multiple decline expectations, we should not chase the rise here! ! !
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#Wolf_king88 $ETH
🧠From a structural perspective, the bullish target near the neckline support area has been achieved, so there is an expectation of a pullback.
➡️From a graphical perspective, there is an ascending triangle superimposed inside the ascending wedge. Generally, we regard such models as bearish models. Therefore, with the support of multiple decline expectations, we should not chase the rise here! ! !
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#Wolf_king88 $ETH
📊#BTC Rising Wedge📉
🧠From a structural point of view, we are trading sideways above the support-resistance conversion zone, and the bullish force is gradually weakening. Only if we break through the blue turning point 109669, will new bullish expectations appear, otherwise we need to be alert to the correction at the daily level.
➡️From a graphical point of view, a rising wedge is formed here, and we usually fall according to this model. At present, it has fallen below the lower edge of the wedge and rebounded to the lower edge and was blocked. I expect a further decline.
Let's see👀
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#Wolf_king88 $BTC
🧠From a structural point of view, we are trading sideways above the support-resistance conversion zone, and the bullish force is gradually weakening. Only if we break through the blue turning point 109669, will new bullish expectations appear, otherwise we need to be alert to the correction at the daily level.
➡️From a graphical point of view, a rising wedge is formed here, and we usually fall according to this model. At present, it has fallen below the lower edge of the wedge and rebounded to the lower edge and was blocked. I expect a further decline.
Let's see👀
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#Wolf_king88 $BTC
#BTC Update:
Support reaction near the yellow support zone and the uptrend support line has appeared. If you participated in the long trade, you can now lock in major profits and look forward to more.
#Wolf_king88 $BTC
Support reaction near the yellow support zone and the uptrend support line has appeared. If you participated in the long trade, you can now lock in major profits and look forward to more.
#Wolf_king88 $BTC
📊Can #BTC reach a new high?
🧠We cannot be too optimistic before we break through ATH, because the daily adjustment expectation still exists.
➡️We are currently in a heavy resistance area near 110,000. This is our third test. Regardless of whether we can successfully break through, don’t chase the rise here, because the cost-effectiveness is not high. If you want to go long, you should also wait patiently for the callback to occur before considering it. Or wait for the callback after breaking through ATH before considering it.
➡️If you want to participate in short trading, you can only participate in a small amount with ATH as a defensive point. Or wait for the rebound after breaking through the upward trend support line before participating.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
🧠We cannot be too optimistic before we break through ATH, because the daily adjustment expectation still exists.
➡️We are currently in a heavy resistance area near 110,000. This is our third test. Regardless of whether we can successfully break through, don’t chase the rise here, because the cost-effectiveness is not high. If you want to go long, you should also wait patiently for the callback to occur before considering it. Or wait for the callback after breaking through ATH before considering it.
➡️If you want to participate in short trading, you can only participate in a small amount with ATH as a defensive point. Or wait for the rebound after breaking through the upward trend support line before participating.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
📊Can #BTC reach a new high?
🧠We cannot be too optimistic before we break through ATH, because the daily adjustment expectation still exists.
➡️We are currently in a heavy resistance area near 110,000. This is our third test. Regardless of whether we can successfully break through, don’t chase the rise here, because the cost-effectiveness is not high. If you want to go long, you should also wait patiently for the callback to occur before considering it. Or wait for the callback after breaking through ATH before considering it.
➡️If you want to participate in short trading, you can only participate in a small amount with ATH as a defensive point. Or wait for the rebound after breaking through the upward trend support line before participating.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
🧠We cannot be too optimistic before we break through ATH, because the daily adjustment expectation still exists.
➡️We are currently in a heavy resistance area near 110,000. This is our third test. Regardless of whether we can successfully break through, don’t chase the rise here, because the cost-effectiveness is not high. If you want to go long, you should also wait patiently for the callback to occur before considering it. Or wait for the callback after breaking through ATH before considering it.
➡️If you want to participate in short trading, you can only participate in a small amount with ATH as a defensive point. Or wait for the rebound after breaking through the upward trend support line before participating.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
📊#BTC enters resistance zone, beware of pullback⚠️
🧠From a structural perspective, the target of this rise has been achieved, so we need to be wary of a mid-term correction.
➡️From a graphic perspective, the daily level seems to be forming a bull flag. This is the third time we are close to the upper edge of the flag. I think the probability of encountering resistance and falling back is higher than the probability of continuing to break through.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
🧠From a structural perspective, the target of this rise has been achieved, so we need to be wary of a mid-term correction.
➡️From a graphic perspective, the daily level seems to be forming a bull flag. This is the third time we are close to the upper edge of the flag. I think the probability of encountering resistance and falling back is higher than the probability of continuing to break through.
Let's see👀
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#Wolf_king88 $BTC
📊Can #BTC continue to rise?
🧠From a structural perspective, we started to rebound after being very close to the ideal target area of the bearish cup-handle structure, and broke through the downward trend line, which means that the correction phase is over.
➡️So next we need to pay attention to the long trading opportunities after the pullback. At present, this position belongs to the contradictory range. It can continue to rise, but it will be very uncomfortable if we chase the rise. So wait patiently for trading opportunities after the pullback. We can pay attention to the neckline support area (102000-103000).
➡️If there is no pullback, but it continues to rise, then the resistance near 106500 is also worth our attention. This is the support-resistance conversion area that has been tested many times.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
🧠From a structural perspective, we started to rebound after being very close to the ideal target area of the bearish cup-handle structure, and broke through the downward trend line, which means that the correction phase is over.
➡️So next we need to pay attention to the long trading opportunities after the pullback. At present, this position belongs to the contradictory range. It can continue to rise, but it will be very uncomfortable if we chase the rise. So wait patiently for trading opportunities after the pullback. We can pay attention to the neckline support area (102000-103000).
➡️If there is no pullback, but it continues to rise, then the resistance near 106500 is also worth our attention. This is the support-resistance conversion area that has been tested many times.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
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