The longer it stays sideways, the taller it gets vertically.
Yesterday I was thinking of putting a short limit order at the top of the box. I entered a short around 65300, set the stop-loss around 66100+. Then I ran into such a big volatility move. But even at this level of行情, the loss being under 1000 points is still acceptable.
Now Bitcoin is running around 72000. I don’t think it’s time to short yet—after all, bullish sentiment is still very strong, and the daytime rally is nearly 3000 points. If we go long now after such a big move, I worry that once I enter there will be a big pullback; so it’s best to wait.
Let’s see what the U.S. session money flow tonight chooses. If it continues to push higher, I’ll short one more lot. If it pulls back, I’ll consider placing a long order to catch wave two. #BTC突破$72000
Yesterday I was thinking of putting a short limit order at the top of the box. I entered a short around 65300, set the stop-loss around 66100+. Then I ran into such a big volatility move. But even at this level of行情, the loss being under 1000 points is still acceptable.
Now Bitcoin is running around 72000. I don’t think it’s time to short yet—after all, bullish sentiment is still very strong, and the daytime rally is nearly 3000 points. If we go long now after such a big move, I worry that once I enter there will be a big pullback; so it’s best to wait.
Let’s see what the U.S. session money flow tonight chooses. If it continues to push higher, I’ll short one more lot. If it pulls back, I’ll consider placing a long order to catch wave two. #BTC突破$72000