Cryptocurrency News

August 15th Hot Topics:

1. Data: A dormant Bitcoin address for over 12 years transferred 1005 BTC to a new address.
2. US FDIC Report: Cryptocurrencies pose unique risks to the financial stability of the United States.
3. Bitcoin's 30-day annualized volatility dropped to 15.5%, hitting a new historical low.
4. US Department of Justice accuses SBF of misappropriating over $100 million in customer deposits for political donations.
5. Bloomberg analyst: August 15th is theoretically the date for the Grayscale lawsuit judgment.

Trading Insights

Discipline and mindset in trading

What is discipline, buying and selling stop-loss, and what is mindset: The degree of execution is the only measure of discipline.

First, let's talk about discipline. Discipline needs to have standards, such as buying and selling stop-loss when a certain moving average is broken, and the standards need to be clear so that execution will not be blind. People often say that it is easy to know but hard to do, but I think this is a wrong concept. In fact, if you really know, how can it be hard to do? If it is "not knowing," then there is no question of doing. What is "knowing"? It is a strict judgment of the direction and path, a deep understanding of principles and concepts, and absolute uniformity in executing standards. Otherwise, it is not knowing, and half-baked knowledge is worse than not knowing at all. Therefore, it is necessary to clarify these issues before taking action, and then it is the process of execution.

Specifically, it can be divided into buying discipline, selling discipline, profit-taking and stop-loss discipline, and each discipline needs to be quantified with standards. Otherwise, it will be vague, leading to contradictions and hesitation during execution. The establishment of standards is a customization based on one's own characteristics and a summary of one's own learning and experience. It is best not to imitate others, as blindly following others will lead to misunderstandings and misinterpretations.

Now, about mindset, this is a term that is even more difficult to define. What is mindset? It is actually an excuse for people to not find suitable reasons for their mistakes. Once the system is perfected, standards are established, and discipline is clear, the only errors in execution are human-made, and there will be no fundamental mistakes. If there is indeed room for mindset, it is only based on an imperfect system, immature execution, or behavior that violates principles, or a feeling of helplessness about details that the system cannot contain. In fact, all of these are useless. First, the establishment of a system is not an easy process and requires years of polishing, nurturing, and the accumulation of time and money. Second, execution is a laborious process, and there will always be some unexpected events in life that make your operations less than perfect. If the solution cannot be refined, it can be more straightforward, as long as it conforms to logical principles. Third, you need to accept a concept: only make money within the scope of your talent and ability. Essentially, the money you make is at the expense of others. If you go beyond your share, you will make up for it in other ways, and this will give you some peace of mind.

Below are the real trading signals from the Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going well, you can come and try.

The data is real, and each signal has a screenshot taken at the time.

Search for the public account: Da Bai Lun Bi

BTC

Analysis

Bitcoin showed a pin rebound trend yesterday, with the market fluctuating upward. It was resisted at the 29694 level and fell to the 29258 level. Congratulations to the friends who followed yesterday's strategy and profited 400 points from short positions. Currently, the price is running near 29380. The four-hour chart shows a reversal trend, with a bearish engulfing candlestick pattern. The market is still in a narrow range of fluctuations, with effective resistance at the Fibonacci 38.2 level. The MACD is consolidating, and multiple moving averages are flat. The overall trend is still in a triangular range of fluctuations, and the volatility is gradually decreasing. Currently, the only option is to go short at high levels and long at low levels. Prudently wait for the direction to emerge before establishing positions on the right side. It is expected to see a direction within three days, with resistance at 29800-30100 and support at 28500-28000.

ETH

Analysis

Ethereum's overall trend is weaker than Bitcoin's. It touched the 1835 level twice yesterday without breaking the support and rebounded. It was resisted at the 1856 level and fell back. Congratulations to the friends who followed yesterday's strategy and profited 20 points from short positions. Currently, the price is running near 1843. The four-hour chart shows alternating bullish and bearish trends, with the MACD showing increasing bearish volume and a death cross of the two lines moving downward. Although there is a rebound in the short term, the strength is weak. Currently, attention is on the support of the 60-day and 90-day moving averages. On the daily chart, it rebounded twice from the support of the lower channel line. The short-term trend is gradually narrowing. If the range is not broken, treat it as short at high levels and long at low levels. Prudent traders can wait and observe for the direction to emerge. Resistance is at 1860-1880 and support at 1830-1810.

Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to ask for advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。