Trading Strategy and Criteria
Last Friday, I made a small profit from a long position in my trading diary,
He wrote that the timing for the inflection point to come out is close, so be careful.
Since Friday evening, I've been going in and out looking at the timing of the short position.
The biggest criterion for catching inflection points is the Dow theory.
We couldn't raise the previous high point based on an hour's rod and started to fall
I don't know if there will be a short-term adjustment or a long-term adjustment, but I thought there would be an adjustment.
If there is a short-term adjustment, the adjustment usually continues for two to three days.
And if it gets a little longer, the adjustment continues for 7 to 10 days.
I'm still thinking about short positions on Monday morning, and if the first day ends on a musical note
It could be a 7-10 day adjustment. And the decline could be as high as 48000.
Daily Volatility and Their Response
It is not yet a volatile section.
If you don't have a new narrative in the market, you don't have a lot of people doing business
It's not very volatile because it's not even tilted to one side.
But there is definitely a direction, even if it's slow.
At least you should avoid going into buying in the reverse direction.
If you're not sure if it's up or down, it's good to just take a break from trading.
It may be an easy way to check whether it is a music bar or beekeeping today and respond from tomorrow.
How to identify trading signals
If the speed and tilt at the beginning of the second wave are not as good as they were before
It is highly likely that the direction we are going is not in the right direction.
It is advantageous not to come out satisfied with a small profit or take a position.
The principle is the same, although buying and selling are in different directions.
You see the current flow with a daily and a four-hour rod,
It's good for day traders to timing entry and sale around 15 minutes.
Of course, different traders have different breathing and techniques.
It's just that the breathing is right from my point of view.
The Bitcoin Market Narrative
Arthur Hayes mentioned about a month ago
The financial sector's crisis scenario has reemerged.
First of all, one of the banks in Japan is said to be dangerous
Small and medium-sized banks in the U.S. are facing a crisis.
It is a scenario in which one or two places collapse, and the Fed begins to cut interest rates by signaling it.
It is not the narrative of Bitcoin itself, but the entire financial world.
There can be short, sharp fluctuations in stocks and coins.
And you have to buy with the heart of a lion in that fluctuation.
Because the Fed will come in right away.
You shouldn't trust these stories too much.
Just keep in mind that this kind of scenario could happen
I have to focus only on responding, not predicting.
Currently in short position this morning.
I think I can go up to 48000 if I drill down around the last low of 50600 that came out over the weekend.
For 4 to 5 days from today
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