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 forwar
We attacked the heavy resistance area near 95000 several times, but failed. My remaining long position was closed because it hit the breakeven point.
The ascending triangle failed to break out, and eventually evolved into a larger triangle, and also chose to break down, so we need to be vigilant about the risk of further decline.
From a structural perspective, multiple short structures have been established in overlapping resistance areas, so we need to be vigilant about the occurrence of a pullback. The stage support area worthy of our attention is 90888-91777.
🧠From a structural perspective, we are currently in an overlapping resistance zone. We failed to fall further yesterday to build a short structure, but continued to digest the selling pressure here in a sideways consolidation manner. Today, we attacked the heavy resistance area near 95,000 again. Only by breaking through this area can we start the surge mode.
➡️From the perspective of wave theory, there is another opportunity to form a bullish wolf wave here, which also represents a signal that the trend is about to end.
➡️From a morphological perspective, an ascending triangle has formed here, and it has now broken upward. We can expect more gains to appear.
Let's see👀
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🧠From a structural perspective, we are currently in an overlapping resistance zone. We failed to fall further yesterday to build a short structure, but continued to digest the selling pressure here in a sideways consolidation manner. Today, we attacked the heavy resistance area near 95,000 again. Only by breaking through this area can we start the surge mode.
➡️From the perspective of wave theory, there is another opportunity to form a bullish wolf wave here, which also represents a signal that the trend is about to end.
➡️From a morphological perspective, an ascending triangle has formed here, and it has now broken upward. We can expect more gains to appear.
Let's see👀
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Wolf_king88
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Bearish
📊Can #BTC break through the heavy resistance zone?
🧠From a structural perspective, we are currently in an overlapping resistance zone. We are currently testing the upper edge of the heavy resistance zone again. If we cannot successfully break through, we should be wary of further pullbacks. If we fall below the low near 92,800 and establish a short structure, then we will look for short opportunities after the rebound.
➡️If we continue to break through the previous high, it means that the bullish power is still continuing. Be patient and wait for the pullback opportunity after breaking through the high to appear before looking for entry opportunities.
➡️My short position was reduced by 80% after reaching TP2, and the stop loss was moved down, so the long position hit the breakeven point and was closed. If you don’t move the SL down, you can try to use a small position to expect a scenario where you can’t break through.
Let’s see 👀
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📊Can #BTC break through the heavy resistance zone?
🧠From a structural perspective, we are currently in an overlapping resistance zone. We are currently testing the upper edge of the heavy resistance zone again. If we cannot successfully break through, we should be wary of further pullbacks. If we fall below the low near 92,800 and establish a short structure, then we will look for short opportunities after the rebound.
➡️If we continue to break through the previous high, it means that the bullish power is still continuing. Be patient and wait for the pullback opportunity after breaking through the high to appear before looking for entry opportunities.
➡️My short position was reduced by 80% after reaching TP2, and the stop loss was moved down, so the long position hit the breakeven point and was closed. If you don’t move the SL down, you can try to use a small position to expect a scenario where you can’t break through.
Let’s see 👀
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Wolf_king88
--
Bearish
📊#BTC Complex consolidation phase📊
🧠Currently in the resistance zone, but the trend direction is bullish. We are doing narrow fluctuations in the range of 91800-95000. There are some contradictions between the long and short positions here. If we want to participate in new transactions, we must wait until the absolute support and resistance levels.
➡️If it falls below the first support zone near 91800, then we need to pay attention to the second support zone of 88000-89000
➡️We need to wait for the structure to become clearer before looking for new trading opportunities.
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🧠Currently in the resistance zone, but the trend direction is bullish. We are doing narrow fluctuations in the range of 91800-95000. There are some contradictions between the long and short positions here. If we want to participate in new transactions, we must wait until the absolute support and resistance levels.
➡️If it falls below the first support zone near 91800, then we need to pay attention to the second support zone of 88000-89000
➡️We need to wait for the structure to become clearer before looking for new trading opportunities.
🤜If you like my analysis, please like💖 and share💬 #Wolf_king88 $BTC
We chose to reduce our holdings by 50% after reaching the rising trend support line near 91600, and are currently in a risk-free state.
From a structural point of view, a short structure is built in the overlapping resistance zone, so we also need to be vigilant about the risk of a pullback. New long trades need to wait patiently for the buying opportunity after the overlapping resistance zone is broken, the resistance zone turns into the support zone, and the price stabilizes in the support zone. Or pay attention to further pullbacks and find support zones to participate in long trades. If the structure does not change much, then the support zone we can focus on is around 88000-89000.
🧠From a structural point of view, after we broke through the resistance zone at the daily level, the resistance zone turned into a support zone, so after the price fell back to this support zone, I participated in some long trades. The interim target is around 90,000, so I chose to close all positions after reaching here.
➡️In general, my mind is still in the shock trading, so I don’t look forward to the goal too far. Because we haven’t built a long structure at the daily level, we still need to be vigilant.
➡️Currently we have reached the resistance zone at the weekly level, don’t chase the rise here. We can look for some short signals in this area to participate.
⚠️Note that the large level belongs to the long trend, the correction at the daily level is over, and it is possible to start the upward trend at the daily level. Try to focus on long trades.
Let’s take a look👀
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🧠From a structural point of view, after we broke through the resistance zone at the daily level, the resistance zone turned into a support zone, so after the price fell back to this support zone, I participated in some long trades. The interim target is around 90,000, so I chose to close all positions after reaching here.
➡️In general, my mind is still in the shock trading, so I don’t look forward to the goal too far. Because we haven’t built a long structure at the daily level, we still need to be vigilant.
➡️Currently we have reached the resistance zone at the weekly level, don’t chase the rise here. We can look for some short signals in this area to participate.
⚠️Note that the large level belongs to the long trend, the correction at the daily level is over, and it is possible to start the upward trend at the daily level. Try to focus on long trades.
Let’s take a look👀
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Wolf_king88
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Bullish
📊#BTC successfully broke upward✔️
🧠From a structural perspective, we successfully broke through the daily resistance zone, and the resistance zone turned into a support zone. The next resistance zone worth our attention is 88000-89700. At present, we have reached the staged resistance zone near 87377. If we can consolidate a short structure from here, then the target area of this structure overlaps with the yellow support area, then it is a long area that is very worthy of our attention.
➡️From a graphical perspective, the price is gradually compressed to form an ascending triangle. At present, it has chosen to break upward, but the appearance of this model means that the bullish trend is about to end, so we still need to be vigilant about the risk of falling back. We need to observe the order of arrival of the yellow support zone and the red resistance zone to participate in different transactions.
⚠️Note that if we directly fall below the inflection point 83903, the bullish expectation will fail, and the daily support zone will turn into a resistance zone. If the price rebounds to this area, then we can look for shorting opportunities.
Let's see👀
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🧠From a structural perspective, we successfully broke through the daily resistance zone, and the resistance zone turned into a support zone. The next resistance zone worth our attention is 88000-89700. At present, we have reached the staged resistance zone near 87377. If we can consolidate a short structure from here, then the target area of this structure overlaps with the yellow support area, then it is a long area that is very worthy of our attention.
➡️From a graphical perspective, the price is gradually compressed to form an ascending triangle. At present, it has chosen to break upward, but the appearance of this model means that the bullish trend is about to end, so we still need to be vigilant about the risk of falling back. We need to observe the order of arrival of the yellow support zone and the red resistance zone to participate in different transactions.
⚠️Note that if we directly fall below the inflection point 83903, the bullish expectation will fail, and the daily support zone will turn into a resistance zone. If the price rebounds to this area, then we can look for shorting opportunities.
Let's see👀
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Wolf_king88
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📊#BTC Ascending Triangle📈
🧠As time goes by, the price is gradually compressed and forms an ascending triangle. We need to observe the breakout opportunities on either side to decide what to do.
➡️The trading volume is relatively low over the weekend. In the absence of market volatility, we still wait and see, patiently waiting for the right opportunity to appear.
➡️I wanted to participate in some long trades today, but the price did not reach the overlapping support area quickly, and this support area is also time-limited. Once it exceeds the expected time range, the effectiveness of the support area will decrease, so I decided to cancel the long limit order.
⚠️Be patient!
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🧠As time goes by, the price is gradually compressed and forms an ascending triangle. We need to observe the breakout opportunities on either side to decide what to do.
➡️The trading volume is relatively low over the weekend. In the absence of market volatility, we still wait and see, patiently waiting for the right opportunity to appear.
➡️I wanted to participate in some long trades today, but the price did not reach the overlapping support area quickly, and this support area is also time-limited. Once it exceeds the expected time range, the effectiveness of the support area will decrease, so I decided to cancel the long limit order.
⚠️Be patient!
🤜If you like my analysis, please like 💖 and share 💬 #Wolf_king88 $BTC
🧠From a structural perspective, the yellow support area near 83,000 is still relatively solid. As time goes by, we have digested the selling pressure of the blue resistance area in a horizontal consolidation manner, so the probability of us making in-depth adjustments from around 85,000 is reduced. If it continues to break upward, the resistance area worthy of our attention is 86,100-87,000.
➡️From a graphical perspective, an ascending triangle is formed here. Generally, we continue to rise according to this model, which also means that the upward trend is about to end.
➡️Because I am worried that we may not be able to fall below the support of 83,000 smoothly, I manually reduced my holdings once near 83,900 yesterday, and then bought back the reduced positions at 83,619. Today, I reduced my holdings again near the same position, which is currently in a risk-free state.
⚠️Now we need to observe the situation where either side is broken, pay attention to the short-selling opportunities in the resistance area, and the long-selling opportunities in the support area.
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Wolf_king88
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Bearish
📊#BTC reaches the support zone, beware of rebound📈
🧠From a structural perspective, we fell below the blue resistance zone and reached the stage support zone, so there is an expectation of rebound, but we fell below the inflection point of 83675, which means that the probability of our continuation of the bullish trend has decreased, and we are likely to fall below the inflection point of 82999. So what we need to focus on today is the shorting opportunity after the rebound reaches the overlapping resistance zone.
➡️New long opportunities need to pay attention to two supports around 81779 and 79689.
⚠️Note that we should not be too optimistic before we break through the blue resistance zone. I did not participate in the short trade of BTC because shorting ETH is more cost-effective, and it also quickly reached the target area today.
Let's take a look👀
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🧠From a structural perspective, the goals of the bullish structure have all been achieved, and the target area overlaps with the blue resistance area, and we have built a bearish double top structure in the overlapping resistance area, so we are likely to enter the adjustment phase, be cautious about bullishness!
Let's see 👀
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📊#BTC reaches the support zone, beware of rebound📈
🧠From a structural perspective, we fell below the blue resistance zone and reached the stage support zone, so there is an expectation of rebound, but we fell below the inflection point of 83675, which means that the probability of our continuation of the bullish trend has decreased, and we are likely to fall below the inflection point of 82999. So what we need to focus on today is the shorting opportunity after the rebound reaches the overlapping resistance zone.
➡️New long opportunities need to pay attention to two supports around 81779 and 79689.
⚠️Note that we should not be too optimistic before we break through the blue resistance zone. I did not participate in the short trade of BTC because shorting ETH is more cost-effective, and it also quickly reached the target area today.
Let's take a look👀
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Wolf_king88
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Bullish
📊#BTC Ascending Triangle📈
🧠From a structural point of view, we are currently in the resistance zone at the daily level, so it is reasonable that we have been consolidating here for a long time.
➡️From a graphical point of view, we have formed an ascending ascending triangle here. Generally, we continue to rise according to this model, and it is also regarded as a signal that the trend is about to end, so we can pay attention to the short-selling opportunities in the red target area above.
⚠️Note that if we fall below the turning point 83675 in advance, the expectation of continued rise will be invalid, and we can pay attention to the short-selling opportunities when we rebound to the blue resistance area again.
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🧠From a structural point of view, we are currently in the resistance zone at the daily level, so it is reasonable that we have been consolidating here for a long time.
➡️From a graphical point of view, we have formed an ascending ascending triangle here. Generally, we continue to rise according to this model, and it is also regarded as a signal that the trend is about to end, so we can pay attention to the short-selling opportunities in the red target area above.
⚠️Note that if we fall below the turning point 83675 in advance, the expectation of continued rise will be invalid, and we can pay attention to the short-selling opportunities when we rebound to the blue resistance area again.
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📊#BTC in the resistance zone, beware of pullbacks📉
🧠From a structural perspective, we are currently in the blue resistance zone at the daily level, so we need to pay attention to the risk of a pullback if we cannot break through this area.
➡️The upward trend support line was broken, so it turned into a resistance line. The price reacted well when it touched this resistance line, so we need to pay attention to the suppression of this resistance line.
➡️The downward trend line at the daily level was broken, which means that the adjustment at the daily level may be over, so if there is a good pullback, then we need to look for opportunities for long trades. The support area worth our attention is 80000-81188.
⚠️Note that if the closing price at the 4h level is below 80000, then the market may go bad and we may enter a deeper adjustment.
Let's see👀
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🧠From a structural perspective, we are still in a bearish structure and have not successfully broken through the downward trend line, so the risk of further downside is still not eliminated.
➡️Currently we are in a complex consolidation phase between the blue resistance zone and the green buy zone, so we should remain cautious in the face of ups and downs.
➡️Patience and wait for trading opportunities to appear after either side breaks through.
Let's see 👀
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🧠From a structural perspective, the bearish structure is intact. We are still in a downward trend, and the downward trend line has not been successfully broken. The downside risk has not been eliminated, so we still need to be vigilant against the risk of further decline.
➡️Currently in the rebound stage, the staged resistance area is around 78800-81100. We can only maintain a slightly optimistic attitude if we break through this resistance area and stabilize.
Let's see👀
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Wolf_king88
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Bearish
#BTC 1H Update
The market rebounded after reaching the lower edge of the triangle and the green buy zone as expected. It is now near the downward trend line and resistance zone again. We need to be wary of the risk of a pullback after continued rejection here. I will use the remaining positions to look forward to this possibility.
Note that if we break through the turning point 84686 upward, it means that the 1h level long structure is successfully built. We should be wary of the risk of further rise. If there is a good pullback in the future and it stabilizes above the downward support line, then we can consider participating in some long trades. Otherwise, new long trades still need to pay attention to the support situation of the support zone 78363-79500 to participate. #Wolf_king88 $BTC
The market rebounded after reaching the lower edge of the triangle and the green buy zone as expected. It is now near the downward trend line and resistance zone again. We need to be wary of the risk of a pullback after continued rejection here. I will use the remaining positions to look forward to this possibility.
Note that if we break through the turning point 84686 upward, it means that the 1h level long structure is successfully built. We should be wary of the risk of further rise. If there is a good pullback in the future and it stabilizes above the downward support line, then we can consider participating in some long trades. Otherwise, new long trades still need to pay attention to the support situation of the support zone 78363-79500 to participate. #Wolf_king88 $BTC
Wolf_king88
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Bearish
#BTC Update
Continue to reach TP1. The second short position continues to reduce by 50%. SL moves down to 84720.
We can expect a descending triangle to form here and continue the bearish trend. #Wolf_king88 $BTC
🧠From a structural perspective, the ideal target zone of the hourly bullish structure has been fully achieved, so the corresponding decline is very reasonable. Moreover, the daily closing price of the candlestick chart is lower than the downward trend line, so we failed to successfully break through and stabilize. The downward trend at the daily level is still intact, so we need to be alert to the risk of further decline.
➡️Because of the risk of further decline, I closed the long position in advance yesterday. Although I finally reached the ideal target zone, I would also feel distressed, but trading is like this, there are gains and losses. When the market goes crazy, what we need is not a more sophisticated technical analysis, but a calm observation of the greedy self in the mirror.
➡️If the market rebounds further, then the resistance zone we can pay attention to is 84576-86000. 📉
➡️If the market falls further, then the support zone we can pay attention to is 78363-79500. 📈
Let’s see👀
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🧠From a structural perspective, the ideal target zone of the hourly bullish structure has been fully achieved, so the corresponding decline is very reasonable. Moreover, the daily closing price of the candlestick chart is lower than the downward trend line, so we failed to successfully break through and stabilize. The downward trend at the daily level is still intact, so we need to be alert to the risk of further decline.
➡️Because of the risk of further decline, I closed the long position in advance yesterday. Although I finally reached the ideal target zone, I would also feel distressed, but trading is like this, there are gains and losses. When the market goes crazy, what we need is not a more sophisticated technical analysis, but a calm observation of the greedy self in the mirror.
➡️If the market rebounds further, then the resistance zone we can pay attention to is 84576-86000. 📉
➡️If the market falls further, then the support zone we can pay attention to is 78363-79500. 📈
Let’s see👀
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Wolf_king88
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Bearish
📊#BTC tests the resistance zone again!!
🧠From a structural perspective, the bullish structure is still intact, bullish expectations still exist, and the ideal target zone (86500-88188) has not yet been achieved, so we can still keep a small number of positions to look forward to this possibility.
➡️However, at present, we are testing the downward trend line at the daily level again, and whether it can be successfully broken through is still unknown, so we are conservative and lock in 80% of the main profits, and don’t chase the resistance zone.
➡️If it breaks through successfully, it will also reach the ideal target zone of the bullish structure, so new long transactions need to observe whether it can stabilize above the downward trend line, otherwise it should not be too optimistic.
⚠️Note that if the downward trend line cannot be successfully broken through, we need to be wary of the risk of further decline.
Let’s see👀
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