After the slaughter of many armies, where will Bitcoin go next? Short, or buy the dip?
Last night, my phone was constantly alerting, the price plummeted all the way down, nearly 10,000 points in one day, and everyone who tried to buy the dip was wiped out, with no exceptions! The short positions were perfectly executed! Shorting from 94,000 to 98,000, let’s hold onto 75,000. Ethereum shorted from 3,400, last week, this week, the short-term trading keeps revolving around the 90,000 mark and the 3,000 mark, how much can you earn depends on your trust in Zhongliang and your control over the market!
The current price of Bitcoin is around 78,700, with a lowest point of 75,500 marking a rebound. Don’t rush to buy the dip, I mentioned that 80,600 definitely cannot hold, with four consecutive monthly bearish candles, the upper band is seriously opening downwards, MACD is continuously expanding, KDJ and RSI are both turning downwards. The weekly Bollinger Bands are all opening downwards, with the price pressing down on the lower band, MACD continues to expand, KDJ and RSI are both heading lower. The daily candles show three consecutive bearish candles, with the price directly breaking through the lower band, MACD continues to expand, although RSI is severely oversold, this is absolutely not enough to be a buying signal! Those who bought the dip previously have all been wiped out, and now they are pretending to be deaf and mute, or saying sorry to their brothers, with various jokes about going to work and delivering food, unable to calm down for two days, immediately back to shouting to buy the dip, after the market crash, a repair is inevitably needed, and then it’s awesome, finally bouncing back a little, long positions make money, the retail investors rush to follow and flatter… Haha, the crypto world is nothing but retail investors, cutting one batch after another.
Today I don’t want to say too much, because there are only short-term opportunities, either a rebound to short, or breaking down to chase shorts, and I won’t touch any long positions. Zhongliang also hopes the market can rise a bit to repair the indicators, otherwise shorting is also trembling, only shorting for the short term! Remember, even if there is a rebound, a deep V, that is just giving you the opportunity to get on the high short position later, nothing more! Don’t be shouting about 100,000 again after a rebound, a rebound is just giving you the opportunity to short, nothing more! There’s no need to always fantasize about where to buy the dip, how much capital do you have to test and make mistakes? How many of your positions can be liquidated? Are there signs of a stop-loss on the market? Why always want to buy the dip, since it’s been falling all the way, why not go with the trend and short, cherish every rebound, isn’t that better? #CZ币安广场AMA