It is human nature to be afraid of being at a disadvantage and taking advantage. For example, when the Bitcoin market is rising sharply, people are afraid that they will buy at a high price, that the price is not good, or that there will be a pullback. This is a manifestation of the fear of being at a disadvantage. However, the market is not something you and I can control, especially when it is unilaterally strong, there will basically not be a big pullback. Then everyone will watch the price, and it will keep rising, and the opportunity will be missed between their fingers.
Note that I am not talking about a certain person, but the vast majority. This is human nature. After a big positive line breaks through in a volatile market, most people will not participate immediately, but wait until the market stabilizes and adjusts before doing so. The real unilateral movement is often done in one go. If it stops halfway or the adjustment is too large, it means that the strong unilateral movement is over. Just like yesterday's market, I said that the retracement to the 65400-65600 range should be long. How many people fantasize in their own minds, looking at the so-called "high position" and dare not enter the market? The biggest misunderstanding in trading is to make orders based on prices. I have mentioned countless times in live broadcasts that trading must be based on the pattern, that is, the trading system of each trader!
The root of pain is the pursuit of certainty. Impermanence is the norm, and it is how life should be. Speculation is trading risks, that is, trying to make the probability stand on your side. Love is returned to those who give love, and blessings are given to those who receive blessings. Sometimes you need to learn to suffer a little loss, be a little stupid, and be a little dumb. For example, if the market is bullish, this is certain, don't get too stuck in the position, reduce the position a little, and then get on the train first, and the worst that can happen is a reversal.
Well, let's review this wave of rising market. On October 13, my WeChat article (Trader Sean: Bitcoin adjustment is over, the last entry opportunity for bulls, aiming at 68,000 within the month) gave a strategy of going long at 62,700 and stopping profit at 68,000; on October 15, my WeChat article (Trader Sean: Don't be confused, Bitcoin is still long after a correction! "Height-fearing people" will eventually miss out) gave a strategy of going long at 65,400 and stopping profit at 68,000, all of which are available for review. I won't emphasize too much on Ethereum. The article mentioned that long trading started at 2440 and the rise also reached 200 points. The transaction records are attached below!
Let me tell you my next idea:
1. Last night, the US market went through a roller coaster market. After the daily and weekly channel trend lines suppressed the 68,000 mark for the first time, it quickly returned to 64,800. However, it is worth noting that the market is running in a short time and quickly completed. This is an obvious wash market, that is, a pin market. At 8 o'clock this morning, the daily line continued to close with a positive K, and the closing was a cross star pattern. This pattern belongs to the relay pattern in the market, and it is difficult to change the direction of the market itself; from a fundamental point of view, it is about to enter the US election stage, which will have a certain boosting effect on the US stock market. Although the upper pressure is currently at 68,000, I think this wave of rise is very likely to break through the suppression of the channel trend line! Even if it cannot break through in a short time, if you want the market to turn empty, you will test or break the pressure position many times to form a lure to buy and then fall. So for the current operation, my suggestion is to continue to buy at the support level!
2. In terms of six hours, after the US market broke through the top and bottom conversion pressure of 66,800 yesterday, as of the time of writing, three consecutive K-lines have not formed a downward break. Next, the market will rely on the support of 66,800 to build a new box structure at a high level. In the short term, the upper pressure level is still at 68,000!
Operation suggestion on October 16: Buy around 66800, the upper target is temporarily 1000 points, there is not enough momentum to complete the actual break of 68000 in a short time
