$BTC I've said repeatedly on my livestreams that Bitcoin is most likely to keep grinding lower, but a lot of people don't believe me. They insist we're heading into a raging bull market and prices will reach unimaginable levels. So let me ask: don't hackers cash out the coins they steal? When exchanges have had so many coins stolen, don't they need to replenish their liquidity and holdings? The higher the price gets, the more it costs them to buy back and accumulate coins.
Also, you can tell how many long-time crypto users have left the space just by looking at the backend data of KOLs who do referral marketing. At this point, aren't there fewer than two out of every ten crypto users left? How many more people have gone bankrupt and left the space because of this latest wave of US stock token contracts? There aren't that many new users joining this market, while more and more are leaving. Without new buying from outside the market, how can we have a major bull run relying only on the positions people already hold?
Since resuming my livestreams in October and trading Bitcoin, I've only had one Bitcoin trade hit its stop-loss, and just one Ethereum trade hit its stop-loss. All my strategies are public, and my win rate is basically above 85%. The risk-reward ratio is also pretty good. Although I lost 15% of my position on Intel, after stopping out, these two Bitcoin trades made back 20% of my position. Friends in Binance Chatroom Group 3 can see all the strategies.
If you follow the rules strictly, you'll definitely come out ahead overall. But if you keep stubbornly holding on to Intel, I don't know what will happen next. I don't think US stocks can recover quickly either. The shares have already been distributed, and it will take time for the big players to accumulate them again. Retail investors certainly can't move the market. So don't assume prices will bounce right back.
Why do I say Bitcoin will keep grinding lower? Just look at the daily chart. During the decline, has there been a period of sufficient consolidation? If this really were the bottom, shouldn't the price consolidate within a certain range for two months? Don't assume the market will move in step with you just because you're long. You don't call the bottom by buying the dip; you wait for it to form. If you like going long, you might be better off buying some spot and holding it. The risk is relatively lower than with futures, though spot isn't risk-free either.
Personally, I believe every rebound is the best opportunity for us to enter short positions.
The above is just my personal trading review and opinion, and does not constitute investment advice.
Also, you can tell how many long-time crypto users have left the space just by looking at the backend data of KOLs who do referral marketing. At this point, aren't there fewer than two out of every ten crypto users left? How many more people have gone bankrupt and left the space because of this latest wave of US stock token contracts? There aren't that many new users joining this market, while more and more are leaving. Without new buying from outside the market, how can we have a major bull run relying only on the positions people already hold?
Since resuming my livestreams in October and trading Bitcoin, I've only had one Bitcoin trade hit its stop-loss, and just one Ethereum trade hit its stop-loss. All my strategies are public, and my win rate is basically above 85%. The risk-reward ratio is also pretty good. Although I lost 15% of my position on Intel, after stopping out, these two Bitcoin trades made back 20% of my position. Friends in Binance Chatroom Group 3 can see all the strategies.
If you follow the rules strictly, you'll definitely come out ahead overall. But if you keep stubbornly holding on to Intel, I don't know what will happen next. I don't think US stocks can recover quickly either. The shares have already been distributed, and it will take time for the big players to accumulate them again. Retail investors certainly can't move the market. So don't assume prices will bounce right back.
Why do I say Bitcoin will keep grinding lower? Just look at the daily chart. During the decline, has there been a period of sufficient consolidation? If this really were the bottom, shouldn't the price consolidate within a certain range for two months? Don't assume the market will move in step with you just because you're long. You don't call the bottom by buying the dip; you wait for it to form. If you like going long, you might be better off buying some spot and holding it. The risk is relatively lower than with futures, though spot isn't risk-free either.
Personally, I believe every rebound is the best opportunity for us to enter short positions.
The above is just my personal trading review and opinion, and does not constitute investment advice.
