Trading on orders hit a Waterloo: the maximum drawdown reached 17%. The pullback hasn’t gone smoothly; I’ll take a little rest for now. For the moment, I’m not participating in either swing trades or short-term trades—I’m trying to find an opportunity for scalp trades to get back a couple of bites of blood.
My first viewpoint issued this week was that the market would directly unfold a pullback of medium-to-high time-cycle swings, or that the lower-to-medium cycle would need another push before topping, and then the medium-to-high cycle swing pullback would start (Viewpoint 1).
点击查看观点一
Now it looks very likely to have evolved into Viewpoint 2. Around 79,600 has already topped. This is because the market strength was too great, causing the rebound during the pullback to set a new high. It’s currently starting a new round of 2-hour level swing uptrend.
For me personally, this kind of market isn’t comfortable to trade. My follow-trading friends can see that over the past few days, all the positions are in profit, but because the structure of the lower time-cycle price action isn’t very standard, none of them took profit with stop orders. At the peak, the losses were only less than 6%. So the next actions will be as said at the beginning: trade a few scalps casually for small intraday short orders to recover some. I’ll wait until the market movement becomes smoother before doing short-term or swing trades.
#比特币升破8万美元创三月新高
My first viewpoint issued this week was that the market would directly unfold a pullback of medium-to-high time-cycle swings, or that the lower-to-medium cycle would need another push before topping, and then the medium-to-high cycle swing pullback would start (Viewpoint 1).
点击查看观点一
Now it looks very likely to have evolved into Viewpoint 2. Around 79,600 has already topped. This is because the market strength was too great, causing the rebound during the pullback to set a new high. It’s currently starting a new round of 2-hour level swing uptrend.
For me personally, this kind of market isn’t comfortable to trade. My follow-trading friends can see that over the past few days, all the positions are in profit, but because the structure of the lower time-cycle price action isn’t very standard, none of them took profit with stop orders. At the peak, the losses were only less than 6%. So the next actions will be as said at the beginning: trade a few scalps casually for small intraday short orders to recover some. I’ll wait until the market movement becomes smoother before doing short-term or swing trades.
#比特币升破8万美元创三月新高
