The Bitcoin market is trading sideways at a high level, and the bulls seem to be running out of steam.

CN
江山丶
Follow
1 year ago

Life is not perfect, and twists and turns are also a kind of scenery. Don't weigh the loss too heavily, giving up is another way of having; don't envy others often, when you achieve it and understand it, believe that your own scenery is just around the next corner.

It's been a few days, and I miss it very much. It's been several days since the last time I went short, and the price hasn't changed much, but many people's positions have changed again and again. I emphasized early on, don't let yourself cut your own position. The market here is a game between long and short positions. The price hasn't accelerated even after breaking through 38,000. Do we have any reason to be optimistic about it reaching 40,000 or even 42,000?

I have also received many private messages recently, asking what to do with short positions, and even some people don't know how to handle their positions. For "newcomers," I am still used to giving them confidence and reassurance, but for "old hands," I can only share and firmly state my view of the market. But in the end, the result was not disappointing. The price is still fluctuating around 37,000. In addition, operations should be more cautious before Christmas. Foreigners are accustomed to cashing out before the holidays, so I don't think Bitcoin's price will make much of a wave before Christmas. Just treat it as a wide fluctuation. Of course, we should also pay attention to the fact that when the bulls get anxious, they will also bite. They will launch a final counterattack, take a bite out of the bears, and then come down.

Currently, from a technical perspective, the bears still have the advantage. The weekly chart has six consecutive positive candles, and it needs a negative candle to maintain. Looking at the daily chart, there have been three divergences, and the MACD and volume have been diverging again and again. But from the short-term candlestick chart, there are factors of a bottom divergence. So for friends who don't have a position, going short here is a bit aggressive. Of course, there's no problem throwing out a bottom position, and then buying back when it goes up. My personal average short position price is currently pulled to 37,600.

Strategy: Go short at 37,500-37,600, stop loss at 38,200, take profit at 36,000-35,800

Personal advice, for reference only. The take profit position depends on your own situation.

By Jiangshan, WeChat public account: BTC Analysis and Advice, you can also scan the QR code below to follow me.

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。

ad
Gate: 注册赢取$10000+礼包
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink