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Jiangshan - Bitcoin is accelerating its rise, bowing to the trend, and waiting quietly for the flowers to bloom.

CN
江山丶
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2 years ago
AI summarizes in 5 seconds.

Every admonition may not necessarily resonate with the market, nor necessarily wake up those who are pretending to sleep, just like time is always wasted in hesitation, and money is always squandered in indecision.

Watching the market break through the forty-thousand mark, I wasn't really surprised. But today, when I idly opened the public account window, I was shocked. I received several private messages, some accusing me of giving misleading advice, and some saying that I am no longer the same as before. I can understand that. This round basically went empty, and even staying short all the time caused some of the people who believed in me to lose money. I apologize for that. When you make a mistake, you have to admit it. But if you have been following me for more than two years, it's meaningless to mindlessly criticize. Those who remember my previous success rate know that I am not someone who likes to brag. I can only say that I am a bit rusty this time I came back. But what can I do? Life goes on, and the road still needs to be walked. I can only reflect, think, and review.

Although there was a strong breakthrough above forty thousand, reaching the suppression near forty-two thousand, the increase today reached two thousand points. For someone who has been staying short and continuously shorting, I wouldn't consider going long above forty thousand. Even though shorting at this point is like touching the top and going against the trend, trading is about gambling on uncertain events based on one's own view of the market.

From the market perspective, the weekly K-line, three-day line, and five-day line are all showing continuous gains. In this round of uptrend, there hasn't been a significant pullback. Even in a bull market, there will be corrections, and it won't keep going up. If it breaks through 42, there will often be a second push, so touching the top can be chosen to enter the market at the next push, perhaps in the early morning.

Strategy: Go short at 42300-42500, stop loss at 43000, take profit at 41400-40900-40400-39800.

Personal advice, for reference only. My short position is still open, and the long position has been deducted. The average price is 398, a solid short position. Otherwise, being hit on both sides would be very ugly. So control your position. If it pulls at this point on Monday, I am really looking forward to seeing if the weekly line can close negative for the next four days. Also, please don't criticize me. I'm afraid of criticism. I'm timid by nature.

By Jiangshan, Public Account: BTC Analysis and Advice. You can also scan the QR code below to follow me.

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Selected Articles by 江山丶

2 years ago
Jiangshan: Bitcoin teeters at forty thousand, perhaps just the beginning of dawn!
2 years ago
The landscape: The Bitcoin bears have scored another victory, and breaking through the 40,000 mark seems imminent.
2 years ago
The price of Bitcoin has plummeted, and it is expected to adjust around the forty thousand mark in the near future.
View More

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