Jiangshan: Bitcoin teeters at forty thousand, perhaps just the beginning of dawn!

CN
江山丶
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1 year ago

Market trends, going long against the trend will come, after a long loss, gains are sure to come. The sun will not fail to rise tomorrow because of your mood, and the market will not stop because of your missed opportunities. Does covering your eyes mean the world is completely dark? Does avoiding others' gaze mean that brightness belongs to you? Not necessarily.

I've been shuttling to the hospital in the past two days, a bit busy. Today, I saw the price drop, and I also reduced my short position. I feel comfortable trading like this, following my heart and being in harmony with my actions. I have also mentioned to everyone before that I am bearish for at least 1-2 weeks on the weekly chart. Although I missed the cost-effectiveness of 44 and 43, the profit from the short position is still significant, even though "Little Bull" missed out.

Returning to the market, it is most ideal to see a decline for 1-2 weeks. I mentioned two profit-taking levels earlier, and I have also reduced my positions. Currently, I am holding some bottom positions and looking down, just to see if I can eat up the weekly needle point.

From a technical perspective, there is a short-term 15-minute bottom divergence, but in a bearish situation, this kind of bottom divergence lacks strength. Looking at the weekly chart, regardless of any impact from the news, it will ultimately return to the technical aspect. If the short positions are cleared later, I will start gradually going long. The weekly chart shows a golden cross and a bearish close. My theory is to go long, there is no problem, it's just difficult to guess the bottom. So, after eating up the needle point, I will start gradually going long. At least wait for a bullish close on the weekly chart. Of course, this process may be very long, but it doesn't matter. Trend trading at least doesn't require staring at the market every day.

So, in terms of strategy, it's best to go long after eating up the needle point, and it's even better if the 40,000 level is broken. In addition, I am following the trend. If you cannot control the position and pyramid entry, then do not follow my strategy. Don't blindly criticize my mindset when the market goes against the trend and you follow me.

By Jiangshan

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