Bitcoin Trading Diary 2024-0221 - We were lucky yesterday. Still in short position

 Since the U.S. market was a public holiday following the weekend


Bitcoin ETFs also stopped, and thanks to this, there was a pretty long time when it wasn't very volatile. 


By the time of the U.S. stock market chief


Bitcoin also swung tremendously up and down. 


Your me was holding a short position and I was suddenly going up and panicking.


Not touching the loss line narrowly, it started to fall back down. 


Thanks to this, in conclusion, I won a small victory yesterday. 


But I think I was purely lucky, not because I responded well. 




Trading Strategy and Criteria

Originally, the most basic thing to see is the Dow theory


I value the classic and the low. 


Based on yesterday's evening's surge, it is right to cut off. 


It's right that I had to discard the short perspective I was seeing because I raised my high point. 


But the reason I watched it more yesterday was because 


This is because the U.S. stock market has seen a decline 


Bitcoin doesn't always align with the stock. 


These days, however, there is a little sympathy. 


So the sudden rise of the bit is because there are people who are entering Bitcoin ETFs with "Don't Ask Me" investment these days


During the weekend holidays, the backlog of waiting demand was temporarily concentrated, and I wondered if it had been processed. 


If stocks also went into an upward mood, they would have lost money right away. 


Anyway, I think I was lucky rather than responding well. 


Daily Volatility and Their Response

It has been steadily rising for a while, but it has been going sideways for about five days


Even if there is no big drop, I think there is still an adjustment. 


I don't know if there will be a deep adjustment downwards or a period adjustment like now. 


Both the upper and lower sides are blocked, so it seems that it is possible to go quite a long time sideways. 


When the direction is not clear like this, it is important to reduce greed and hold the bat short. 


It is a high-risk section if you hold a position for a long time. 


How to identify trading signals

As I said earlier, I use the Dow theory to set up the top and bottom on an hour's salary basis


And the detailed timing is a combination of various factors.. 


It can only be called persimmon. 


The signal does not necessarily enter or fall out. 


I don't feel very good yet, and that's why I'm not a master ^^


The Bitcoin Market Narrative

I still don't see any narrative that led the market right now. 


When the direction is up or down


At that time, the media will pour out this and that kind of plausible story a bit later


Second-class media that take it up expand and reproduce the narrative. 


And it's running again for a while. 


It's a half-life story that's starting to come out these days. 


In the half-life, it was a pattern that dropped once and then went. 


Some say the pattern will be broken thanks to ETFs this time, and others say it will not. 


It seems to be the most talked about story now. 






All the traders in the world, I wish you all the best of luck today as well!!


Everyone, make a successful investment and get some good energy!!!


Everyone, cheer up!!! 




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