1. The author belongs to a highly sensitive personality, which has its pros and cons. Regardless of what I encounter in life, I will repeatedly ponder and reflect. Sometimes, thinking more at work can lead to good results, while in trading, thinking about defeats before victories, although not explosive growth, can greatly reduce drawdowns! Being able to stay longer at the table eliminates the psychological fluctuations of high leverage, and it doesn’t necessarily mean it’s slow! However, when encountering emotional problems, it’s really confusing, sometimes I clearly feel that a calm heart has been impacted! This state is very bad; in trading, subjective judgment can exist, but it should be more rational to follow the objective trend, without self or others.
2. Returning to Bitcoin, let me ask a question: is it just a bull market? I believe that there is no doubt that Bitcoin is in a bull market, whether from the fundamentals or technicals! Four words, undoubtedly!!! Before a major adjustment breaks important support, it should not turn from bull to bear. What is the basic strategy in a bull market?
One must have long positions in Bitcoin, especially those at low levels should not run, while being cautious of leverage risks at high levels! But regardless, one must have and hold firmly.
Secondly, be very cautious about shorting; do not open short positions based on reasons like 'I feel', 'I think', or 'I believe' that this is the top unless important support is broken. Can short positions be opened? Absolutely, when facing important resistance and round numbers, it is okay to hedge with a short position. But the approach should be quick and not greedy.
Lastly, for me, although opportunities are rare, life is much longer! One should not treat precious capital as a gamble. Is it possible that you are just one of the many in the realm of immortality? You do not have an invincible market sense for short-term trading, nor do you have countless liquidation experiences like holding eagles, so recognize who you are in time! Embrace the dividends of this era with extremely low leverage, you are already ahead of many!
Bitcoin is undoubtedly bullish on the weekly chart; there hasn't been much change in the past two days.
The anxiety reflected on the daily moving average reflects the continuous changes in the market's mindset, and the constant up and down movements also indicate some panic at high levels. The idea remains unchanged; if there are long positions at low levels, they should be taken. The 5-day moving average has not been able to break through continuously, while the 10-day moving average has already come up.
The 4-hour moving average has not effectively exited the market after entering a state of adhesion yesterday, showing a clear decline. Moreover, the 4-hour 60 moving average is beginning to converge toward the moving average. The more moving averages there are, the greater the fluctuations.
The fluctuations of the 1-hour moving average are getting smaller and smaller.
Personal plan
1. Because the moving average is coming up, place an order at 100666 for 0.2x long, continue to place an order at 98666 for 0.2x long.
2. Closely observe the 4-hour trend, if it breaks after adhesion, it should be chased.
3. Pay attention to trading discipline, enter on the left side, and do not exceed 2x leverage, you can hold on (to prevent extreme situations, stop loss at 86100 for the daily moving average 120).
4. To add a word, trading is more about waiting! Waiting for what? Waiting for a market that you can understand, not needing to place orders every day! Enjoying trends, low leverage and low frequency are key factors in controlling drawdowns and the essence of compound growth.
5. This is just self-motivation and self-improvement, to reach higher and further! It does not constitute investment advice!
