BTC’s daily MACD is about to make a decision. If it breaks above 87,000 and crosses over to form a golden cross, that’s one thing; if it fails to break through and comes back down, that would be a daily “oil-leak” pattern. Anyone who studies the MACD should know that drops in this pattern are usually quite large, starting at $3,000–$5,000.
I also added to my BTC short position last night at 86,713. My short-term take-profit target is the 84,500–83,800 range. Since I added to my position, my average entry price is now around 86,200. If you’re feeling very nervous, you can reduce your position yourself; I definitely won’t be reducing mine here. Even if it breaks through, I still have enough room to adjust my average entry price, and my leverage is relatively low, so it shouldn’t be a major problem. To make consistent profits over the long term, trading requires more than just researching and analyzing the charts and finding entry and exit points. You also need strict discipline to manage your position size and leverage, and to choose which assets to trade. If you’re a conservative trader, avoid high-risk altcoins, high leverage, and letting your largest position exceed its risk-control limit. Otherwise, you could end up like most retail traders—or people who blindly follow KOLs—making money quickly only to lose it just as fast. You could double your money in a few days, or go bust and lose it all just as quickly.
I also added to my BTC short position last night at 86,713. My short-term take-profit target is the 84,500–83,800 range. Since I added to my position, my average entry price is now around 86,200. If you’re feeling very nervous, you can reduce your position yourself; I definitely won’t be reducing mine here. Even if it breaks through, I still have enough room to adjust my average entry price, and my leverage is relatively low, so it shouldn’t be a major problem. To make consistent profits over the long term, trading requires more than just researching and analyzing the charts and finding entry and exit points. You also need strict discipline to manage your position size and leverage, and to choose which assets to trade. If you’re a conservative trader, avoid high-risk altcoins, high leverage, and letting your largest position exceed its risk-control limit. Otherwise, you could end up like most retail traders—or people who blindly follow KOLs—making money quickly only to lose it just as fast. You could double your money in a few days, or go bust and lose it all just as quickly.