As for how the market trend will go in the future, everyone is just making various deductions and predictions in advance.
Just when the probability is biased towards a certain side (long/short), start betting
When not only the probability favors a certain side, but the odds are also extremely good, just increase your bet.
The only thing you have to do is to determine how much loss ratio you are willing to bear for this error after analysis, that is, bring a stop loss and pay for your mistake.
The closer the price is to $25,000, the higher your odds of going long. The stop loss only needs to be below this, and the potential profit margin is at $30,000 or even if the price breaks through.
The closer the price is to $31,000, the higher your short odds are. Your stop loss only needs to be above this, and the potential profit margin is $25,000 or even if the price falls below.
This is the legendary "buy low, sell high, sell high, buy low"
On January 7, 2023, the price of Bitcoin was US$27,954. The current position is very embarrassing.
It is far away from the band support of $25,000 and far from the band resistance of $31,000.
If you are selling high and buying low within the mid-term band, you should wait and wait for the price to reach the high and low points of this range before intervening in long and short operations.
But at what cycle level, what cycle level trading should be done?
If the band trend refers to the weekly and daily lines, then the medium and short term refers to the daily 4-hour line.
Only trend cycles within the trading plan
Therefore, according to the trading cycle of the swing trend, this market should wait and see!
Of course, everyone has their own definition of "short-term, band, and long-term" cycles, so just make a plan.
So, I didn’t ask anyone to overdo it, don’t talk nonsense😟😟😟
Just when the probability is biased towards a certain side (long/short), start betting
When not only the probability favors a certain side, but the odds are also extremely good, just increase your bet.
The only thing you have to do is to determine how much loss ratio you are willing to bear for this error after analysis, that is, bring a stop loss and pay for your mistake.
The closer the price is to $25,000, the higher your odds of going long. The stop loss only needs to be below this, and the potential profit margin is at $30,000 or even if the price breaks through.
The closer the price is to $31,000, the higher your short odds are. Your stop loss only needs to be above this, and the potential profit margin is $25,000 or even if the price falls below.
This is the legendary "buy low, sell high, sell high, buy low"
On January 7, 2023, the price of Bitcoin was US$27,954. The current position is very embarrassing.
It is far away from the band support of $25,000 and far from the band resistance of $31,000.
If you are selling high and buying low within the mid-term band, you should wait and wait for the price to reach the high and low points of this range before intervening in long and short operations.
But at what cycle level, what cycle level trading should be done?
If the band trend refers to the weekly and daily lines, then the medium and short term refers to the daily 4-hour line.
Only trend cycles within the trading plan
Therefore, according to the trading cycle of the swing trend, this market should wait and see!
Of course, everyone has their own definition of "short-term, band, and long-term" cycles, so just make a plan.
So, I didn’t ask anyone to overdo it, don’t talk nonsense😟😟😟