It's that time again, the weekend with no market activity. Even strong ETH bulls like Big Brother Ma Ji have been swept away.
I've now converted most of my funds into cash, leaving only 20% in for some casual trading. The current market is going back and forth, clearly controlled by someone, which is not a good sign.
At this stage, I do not recommend starting dollar-cost averaging with spot trading; it would be wiser to wait until next year. Don't think that holding spot makes you safe; if you're on the wrong side, you'll still lose money. Price fluctuations often happen within an hour, driven by sudden spikes or crashes.
Be patient and wait for a good entry point; a good entry point will be your future profit. Entering at a bad position is basically equivalent to starting to hold a losing position. As long as you control yourself, avoid making random trades, and stick to familiar trading patterns, you generally won't incur significant losses.
In the last bear market, Three Arrows Capital and SBF fell; I wonder who will be next this time.
If you also want to avoid becoming the 'next Big Brother Ma Ji who gets liquidated' and don't want to be repeatedly cut in a boring market, what you need is not just patience, but understanding the logic and rhythm behind the manipulation.
In the chat room, if you find Sister Xin, I will give you hints about key entry and exit positions and risk signals before the market starts.
