Interpretation of cryptocurrency market on Nov 28 2022
The market generally maintained its oscillation to the upside over the weekend, but there was a dip this morning. The short-term position has dropped back to last week's entry price. Regardless of how to set the stop loss, this part of the position is due to leave the market. This operating rhythm will continue until the First Bullish Wave is officially opened.
Combined with the previous judgment on the market timing, the probability of an upward breakout at the end of this year has no credibility. The oscillation will continue. At the end of the bear market operations, the need to properly switch thinking in advance.
Establish a bullish mindset at the end of the bear market. Establish a trend mindset at the end of a shakeout. This will be more advantageous to the market after the emergence of the rhythm of the minimum time cost to step on the right. And this way of operation may only appear to lose money. For example, in the short-term long, it is still just a matter of earning more and earning less. It is a trial and error with no cost or even a tiny profit. The market is not suitable for leaving the field.
Generally, take a long-term position to the bottom to ensure you stay in the bull market. Short-term positions are the icing on the cake, and keeping them is best. It doesn't matter if you get swept to a stop loss. Just wait for the next opportunity.
Combined with the previous judgment on the market timing, the probability of an upward breakout at the end of this year has no credibility. The oscillation will continue. At the end of the bear market operations, the need to properly switch thinking in advance.
Establish a bullish mindset at the end of the bear market. Establish a trend mindset at the end of a shakeout. This will be more advantageous to the market after the emergence of the rhythm of the minimum time cost to step on the right. And this way of operation may only appear to lose money. For example, in the short-term long, it is still just a matter of earning more and earning less. It is a trial and error with no cost or even a tiny profit. The market is not suitable for leaving the field.
Generally, take a long-term position to the bottom to ensure you stay in the bull market. Short-term positions are the icing on the cake, and keeping them is best. It doesn't matter if you get swept to a stop loss. Just wait for the next opportunity.
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