Band King Xiao Zhan: Weekly M Head, Bitcoin's "bull" is not over, just entering a major retracement phase, a storm is coming.

CN
8 months ago

Duo? Kong? None of them, judge what trend to do what trend!

Fixed trend, fixed point, fixed plan, the three are integrated!

The trading market changes in an instant, and the only thing that changes in an instant is human nature. Since you have chosen this market, you have to face the complexity of human nature.

Greed, fear, arrogance, underestimation, blindness, regret~~~~~

The market is like a mirror, reflecting the various aspects of human nature.

How to make a living from trading? I think this is the dream of many part-time traders. After all, in the coin circle, being a full-time trader means less interpersonal relationships, only the road paved with dollars, freedom of time, no need to work nine to five, and no need to look at people's faces. But it's not that easy to make a living from trading.

Let's talk briefly. First of all, your cognition and trading level need to reach a relatively high level. At the very least, don't lose money easily, otherwise it will affect your life. Secondly, the amount of funds also needs to reach a high level. Although some people can start with a few thousand US dollars, they are still a very small number. If you want to trade full-time, without tens of thousands or even hundreds of thousands of US dollars, then don't do it full-time. Because with a small amount of funds, it is difficult to accumulate. You have living expenses, and when you earn a little, you withdraw it for living expenses. Even if you slowly make a profit, it is difficult to accumulate your position and it is difficult to grow.

Another point is your current profession. If your current profession earns hundreds of thousands or even millions in a year, then it is not recommended to be a full-time trader, because your current profession is your life guarantee and also a good source of income. If the daily fluctuation of your trading account is equivalent to the annual income of a profession outside of trading, and that profession requires more time and energy, then you can choose to be a full-time trader. Weigh it for yourself, don't just look at how much full-time traders earn every day, consider your own actual situation.

Let's talk about the plan given in the previous text, shorting Bitcoin at 69000-70000, as long as it doesn't break 71000, the recent market is also moving in this direction, just hasn't reached the target I gave, the target will come, time exchanges for space.

Fixed trend:

The trend of Bitcoin still adheres to the view in the previous text. New friends can review the previous text. The weekly level has a signal of a "M" pattern, and the previous candlestick closed with an upper shadow. The daily level shows a divergence between volume and price. The recent emotional aspect still maintains the expectation of a bullish trend, so Xiao Zhan still insists on being one of the few, short short short. If it doesn't break above 71000, the overall trend is bearish, and I am optimistic about the "M" pattern on the weekly chart. I want to emphasize that the bull market has not ended, it is just entering a stage of a major retracement in the near future.

Fixed point:

The long-term trend is consistent with the previous text, so I won't repeat it here. In the short term, if Bitcoin cannot rise above 68500-68900, it will continue to move downwards. Breaking below 66000 will accelerate the test of 65000-64000. For friends who follow the first and second plan in the previous text, continue to hold and wait for the target.

Fixed plan:

First plan: Short at 68300-68800, as long as it doesn't break 69000, go to 66000, and if it breaks, follow the trend to 65000-64000.

Second plan: Short at 69500-70000, as long as it doesn't break 71000, go to 66000, and if it breaks, follow the trend to 65000-64000.

Third plan: Big project, refer to the previous text.

The above suggestions are for reference only, investors should make their own decisions and control their risks!

How to dispel worries, only by getting rich! When an avalanche occurs, no snowflake is innocent. Don't lose yourself in madness, protect your bullets, and you can strike at any time!

If you like it, please like and share, I wish you all the best!!! A bright future in the coin circle!!!

V Bo--------- Xiao Zhan, the king of short-term trading

2024/5/29

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