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Seeing Vida's bottom-fishing plan for BTC with the pyramid approach, the price range is 70k - 40k. I strongly agree with setting the limit at 40k. Personally, I will start bottom-fishing between 52k - 40k. Let me explain the logic behind 40k. The BTC spot ETF was approved on 2024/1/11, and on 1/23 it dropped to a low of around 38.5k. The goal of bottom-fishing on the left side is to pursue the ultimate risk-reward ratio. The cost is higher risk. To counteract the risk, selecting the limit requires extreme caution. Forget about "impossible."
BTC-0.96%
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Next week, excel in screen time by working hard on both long and short trading strategies.
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Go long with some positive sentiment. The third position is at 52k leverage within 1x, with no liquidation line.
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TP halfway, keep some position for when the decline accelerates, take it as it comes~ The start of this month has been pretty good, making steady progress daily~
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I'm stunned. I don't even know how to set take profit. There's no support below; it's all empty. At this point, I can only act according to Li Hua's mood.
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BN is backing gold, but gold has collapsed. Now it's moving into U.S. stocks. U.S. stocks____? Previously, the knockoff projects used BN as the liquidity exit point, but unexpectedly, even U.S. stocks rely on BN industry leaders for liquidity exit. Truly well-deserved.
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Silver respects VWAP very much. 75 is the last safety net for the bulls and has been tested multiple times. If it falls below, look at 61-66 as the take-profit level for short positions.
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Excellent contrarian long positions (don't follow the negative examples, everyone)
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Valuable advice: In a bear market, absolutely, absolutely, absolutely do not leverage to buy the dip. You can only do spot trading with partial positions to short yourself and overcome human nature.
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$XAG Silver I lean towards a bear flag. Just now, 88.9 is an excellent entry point. Combined with the upper boundary of the bear flag and the second-highest historical VWAP, my head position must be cautious. Silver is very volatile and unpredictable. My position is very light.
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A week of playing crazy with no profit and no loss. Drinking and playing cards every night, although I still feel sorry for the short position lost due to the 2700 hit, but honestly, isn't it just a trade? Many of my big short friends have been making a killing these days—deservedly so. They’re earning while this market almost makes it impossible to sleep, whereas I average over 10 hours of sleep a day 🤣
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what can I say
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Damn, my mental state has collapsed, I’m crying my eyes out. My short position was hit and lost, I missed the opportunity badly, feeling extremely frustrated and disappointed.
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Always being bullish is always correct, but it doesn't always make money. 🤡 The correctness lies in: 1. Persistently calling the bottom, which always hits; 2. Retail investors who are trapped need psychological comfort—even if you call it wrong, no one will scold you. But it's different when calling bearish. If you're right, you'll be scolded; if you're wrong, you'll be mocked, and you'll still lose money. Please enjoy my 800-layer Yixu Tower, all members are bright armor, full health, and chicken dinner. 👇
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Silver has finally recovered from hell🥹. It is finally getting better😭.
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