Bitcoin Trading Diary 20240229 - Timing for an adjustment to come

 Trading Strategy and Criteria

The story on all the charts is in dollar terms only. 


As I expected that the resistance would be strong because the condensed force is strong after collecting the energy jade for a long time


There's a lot to learn from past patterns. 


When the horizontal is long, it moves significantly when the direction is determined. 


The long stride means that there is a lot of conflict between the upper and lower forces. 


And the time length is that there are many dead. 


As many positions have been liquidated, either side could be hit close to annihilation. 


That's why one direction is wiped out, so there's a strong movement in the opposite direction. 


Some fire columns have risen in the last few days. 


Even though the special event was not an issue. 


There's something to think about around this time. 


The mountain is high and the valley is deep. 


If you go high quickly, there is a possibility that the adjustment will also come out steeply. 


Now, this adjustment is based on $15,600 in November 2022, when it hit rock bottom


It's the timing to make adjustments to everything that's been up for over a year. 


In the bullish market, there could be an adjustment to the 0.782 or 0.618 line. 


Although the original two waves can be reversed significantly.




But that doesn't mean it's a short entry from now on. 


It's time to refrain from full batting and be careful. 


It has reached near the high point, and some countries have already passed the high point depending on the exchange rate of each country. 


If the adjustment comes out to around 45,000 to 50,000, and it continues to rise again


I'm thinking of a scenario where I'm going up after completing a pretty cup & handle.  


If the size of one wave is between 15600 and 64000, if the trend continues to rise to 3rd and 5th waves


There could be a really scary rise. 


Daily Volatility and Their Response

There is no particular criterion for determining whether it is highly or less volatile,


In general, when it starts to increase, whether it's going up or down, it moves a lot,


When it starts to get smaller, it moves less for a few days. 


There has been a big movement in recent days due to the rise, so whether it's adjusted or consoled


There is a high possibility of a big shake. 


At times like this, don't make the stop-loss or profit-taking too big 


You should split it into several pieces and hang it up and look at the chart often. 


It's safe to lower the leverage ratio as it can go at once. 


Despite the direction, there are many cases where they are liquidated due to instant adjustment and go up. 


If the magnification is high, it is difficult to survive. 


How to identify trading signals

There are many ways to check the signs of trading,


Use only one that suits you well. 


If you try to do everything that's good, you can't tell what signal to look at. 


Use only one signal that suits me. 


If you haven't found something that suits you, practice more. 


There are still opportunities. 


It's a fireplace! I have to eat it now! Don't be in a hurry. 


It's not a shortcut to making money, it's a shortcut to liquidation. 


If you don't have skills, you can't eat it. 


If you run to eat because you're not good at it, you'll be. 


Now, the priority is to build up your skills with a small amount of money


The Bitcoin Market Narrative

The media encourages half-life issues by inflating them more and more


When you hear about the rise, the ants will come to you. 


And I expect that the adjustment will come out at least once. 


But it's always a response, not a prediction. 


Don't forget that you're mechanically selling even if you don't agree with me.


Traders are mechanically the ones who buy and sell by principle


I'm not a fortune teller. 




We'll trade safely until today, and tomorrow will be the beginning of March 


I'll be back to February's trading settlement. 






I'm sharing my luck to all the traders in the world today as well!!


I hope you all invest successfully and become rich!!


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