journey of final decline

Updated

Bitcoin's correction will serve as a stepping stone for a higher leap forward. From now on, we are going to check the location of the footrest.

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Buy a short position.

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I think I will continue to challenge 40K. Since additional purchases are planned, we plan to manage the position by accumulating short positions without stop loss.

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Proceed with additional purchases.

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The rising volume is stronger than calculated. We plan to terminate the current short position after confirming the adjustment section without making a second additional purchase.

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1) Initial entry short position
2) Additional purchase points
This round of transactions is unsatisfactory. There was strong selling. Then, we should have been careful about the possibility of strong buying. We plan to minimize position losses after managing the reviews.

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Set limit price sale. We plan to reorganize the trading rhythm that was once disrupted.

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The scale of the correction wave that the author thinks is within the checked range. I'm expecting it to take about two weeks.

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When trading goes astray like it is now, emotions can be involved in decisions due to expectations of price recovery. However, the current section is a short position entered with a downward impulse judgment, and the section judgment is still valid.

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Set stop loss. The range of upward deviation in the current section is too large. Position protection is a priority. And plan for recovery in case of loss.

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Correct the stop loss. After judging the head and shoulders, set the stop loss.

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Determine head and shoulders and reset the stop loss.
There are no plans to make any additional modifications to the section.

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It may seem like you are consuming too much chapter for just one position entered in the morning, but I think you will find it rewarding with profits. If the second wave is completed with the completion of Head and Shoulders, the decline is expected to be quite large.

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The position was closed with a stop loss. We plan to re-enter after checking the section.

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Reduce leverage and proportion and enter long position. The judgment is that the short-term decline has been denied.

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Set a stop loss and take a break from trading today. I think I made an unreasonable decision because I wanted to start the chapter with a profit.

I want you to transact safely.

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Long position is closed. Today's trading may be emotional, so I plan to take a break from trading and try again after some sleep.

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Check for errors in judgment in yesterday's transaction.

1) I expected a head-and-shoulders-type decline and adjusted the stop loss, but the stop loss position was closed due to CPI volatility.

2) Considering the possibility of head and shoulders being denied, I entered a long position with a lower weight, but the position ended at a stop loss. 1) Stress management failed due to stop loss caused by overlooking the CPI volatility of the case, and judgment became light.

3) The existing setting value has been reached.

Yesterday's transaction was a typical case where the rhythm was messed up from the start and the trade was not carried out by the flow. Acknowledge this and reanalyze the section and focus on today's trading.

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Buy a short position.

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We plan to recover trading conditions by securing profits in the short term.

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We failed to touch the limit price by a small margin. After securing profits, re-entry is decided.

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We are currently planning to determine whether to construct a symmetrical section.

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In the case above, there is a high probability that 1212 will be formed, and if the judgment is correct, there is a high possibility that an additional large decline will occur today or tomorrow.

Today, against the background of the above judgment, I plan to continue conducting short transactions to restore the trading rhythm to the author's initiative.

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Buy a long position.

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Set a stop loss to protect your position.

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The fact that the decline caused a squeeze below the existing short position limit price means that the current rise is a case of elastic rise due to the selling price. There is room for upside, but since this is a section with stronger downside, a stop loss is essential.

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The long position was closed with a stop loss.

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The author's recent transaction entry price and stop loss conditions are not good. Even if I maintain leverage, I plan to reduce the proportion and accumulate positions.

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Buy a short position.

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additional purchases.

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As previously mentioned, the current position is being managed based on proportion without stop loss. The position is maintained without a second additional purchase, except in cases where there is a significant deviation from the current status of the first additional purchase.

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If you surpass 40.7k at once, you can secure profits at 40k.
If it does not break through, profits will be secured at 40.7k. Plan a corresponding transaction similar to this.

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The second additional purchase is not made in the current section. The short position is maintained in this state. If I leave the channel, I will consider a second purchase.

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An increase in channel departure occurred. A second additional purchase is underway.

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Although this is a position that started with a light weight, you need to be careful after the second additional purchase. We plan to monitor until late.

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We planned a position that would not be burdensome due to its proportion. But it is not a pleasant rise.
It is identified as B among the downward ABCs, and it is judged that the B wave will end and a C decline will occur soon.

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You need to manage your fear. It's hard to pass that price range. However, I do not plan to increase the proportion further. (Ensuring margin for judgment)

It is creating a strong rise due to the influence of the FOMC and Powell's speech, but it is expected to lose strength soon.

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The author is judging the flow. Although he was cautious, Powell, who was expected to be hawkish, spoke in a market-friendly manner, resulting in a huge outperformance. However, we have reduced the proportion to protect our positions, and the author is still judging a decline.

However, even if there is a break in the section, I do not plan to increase the weight additionally. This is because if you put a burden on your judgment while the trading rhythm has recently been disrupted, the likelihood of mistakes (losses) in trading increases.

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Although it stretched a little, it gave a strong push. The author plans to maintain a short position in the section. (He plans to resume short-term trading once personal trading conditions recover.) Even if it rebounds from 40.9k, it is expected to fall further.

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Even if it shows fluctuations, it is highly likely that it will eventually form a harmonic form.

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I think that followers who trade short-term will have no difficulty in making profits if they trade while checking the two-bottom section in the short section. (If the two-bottomer is denied, there is a strong downward departure, so it is wise to be conservative when switching long positions.)

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Organize once again. The author has the idea of long-term trading to manage the position price by increasing weight during the rebound after adjustment. If it goes down right away, it's a case of gratitude, and I don't want that.

We mainly conduct very short short-term trading, but when conditions are judged to be poor, such as recent trading, we lower the proportion and leverage as previously mentioned in the previous idea and restore trading conditions with long-term trading (this means easily reducing the trading tempo and trading while resting). ) The reason why you do not proceed with excessive short-term trading in areas where you consider yourself to be in bad conditions is because if the number of transactions increases in bad conditions, it is very easy to eat away at your investment money.

I want my followers to make a lot of money by trading safely, even if they trade short term.

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When carrying out long-term transactions, it is important to continue to check the confidence in your judgment. Many traders are appealing for a further rally, but the author believes that reaching 38K is the first priority and is analyzing it from time to time to maintain that judgment.

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From the author's personal perspective, if a decline is confirmed, the scale of profit and loss within this chapter is clearly tilted toward profit, so I plan to end long-term trading and proceed with short-term trading in a refreshed state.

It's similar to sports or trading. Just as your body will improve if you choose an exercise method according to your condition and maintain it consistently without overdoing it, the author believes that if you adjust and plan various strategies according to your condition in trading, you will achieve an upward trend in profits.

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It's not a trend to really worry about. Maintain a downside judgment.

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Even if it moves sideways a little more, we are judging a further decline. I plan to close my short position at that time. After resting for a few days, my condition seems to have improved.

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It's a good flow. First, in order to manage my condition, I close the short positions that I had been holding for about 3 days and make a position plan again.

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Let’s set up a short range trading plan.

Adjustments are expected this week, and Santa's return visit is expected from the weekend to next week.

- Adjustment is ABC-C (IMPULSE), which is building a harmonic

- Santa's return visit completes the harmonic and converts to a short-term upward trend correction ABC.

Since swing points are also visible on the charts of Bitcoin-related companies, I think the process of checking the above correction ABC will be a very important process.

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Since it's Monday, I have a lot of work to organize, so I think I'll have to accumulate short positions and trade.

After purchasing, manage your position according to the plan as shown in the image.

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There is no need to be greedy about leverage. Even if you operate at 3 to 5 times the investment amount, your investment funds will increase by at least 5 times in 3 months. That's why leverage is used, but most traders I know have seen most of them liquidate before with high leverage. (That's why I don't run a community. I don't want to be stressed.)

Giving you a choice between 40X and 100X leverage on the exchange is not a benefit. It is a marketing strategy to induce a high liquidation rate. If you don't believe it, check it with a little bit of statistics. Among traders who have made money with high leverage (excluding traders who manage their investment proportion), I have never seen one who is still maintaining their investment.

I hope you earn a lot safely.

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We plan to sell the entire stock at the end of the third wave.

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It was an accumulation of short positions considering three drives and falling wedges.
It outperformed, and positive news regarding the spot ETF of large investment institutions from a few hours ago appears to have contributed to the rising volume.

Since there is room for an additional 1.5% increase, short positions are maintained at the current status.

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As expected, an additional increase of about 1.5% occurred. Even if the author expanded the proportion of short positions from about 60% to about 70% (a slightly unreasonable decision), he raised the entry price slightly higher.

If there is an additional upward adjustment at position (1), there is a possibility that it will move sideways, which is a bit burdensome to maintain a short position, so you can check whether there is an upward adjustment at point (1) and then close the position at a price range without loss. This is to add options.

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It's a story I've mentioned often, but I'll mention it again.

The author usually uses 3 to 5 leverage on days when he has external work (low monitoring frequency/alarm).

In intensive trading, the maximum leverage is not exceeded 30. In this case, set a stop loss frequently. (Intensive monitoring/blocking external contact)

In all of the above transactions, the position weight does not exceed 60% except in special cases.

If you refer to the author's updates, be sure to remember the above part.

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It is a 70% weight created for the added option. (1) If we do not break through the section at once, we plan to close the position in the profitable section.

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For safety, we sell 40% of the stock. Keep only 30%.

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Manage positions with a weight that can respond to volatility. I plan to make further decisions after sleeping.

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If this adjustment does not result in a strong decline, I will close the position.

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1) If the 4 wave limit is reached, the downward impulse is planned to be managed through additional purchases.

2) If the adjustment is completed to 5 waves, close the position first.

3) The judgments in 1) and 2) above include a risk management strategy for the 45K increase.

Adjustment for 38K is the main focus, but a response strategy is essential.

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Recently, it has often been seen that prices are breaking upward from the rising calculation range and protecting the price from the adjustment calculation range. This is a stressful period for short-term traders, so I hope all of my followers manage their trading psychology well and trade safely.

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The downward impulse was denied due to the 4-wave limit. This is not an appropriate section for additional purchases. I plan to make a further decision after checking the next wave that is connected to the sideways movement.

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When you have a lot of external work, you often don't pay enough attention to the count.

Due to the rising volume on the 19th, the count is revised from the point where the error occurred.

Since the author is not a trader who only advocates short positions, the basis is reorganized.

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You should never make additional purchases. The trend is going up a lot.

This is a section where risk management is required up to 45k.

This is just before the upward pumping of cup and handle and reverse head and shoulders occurs.

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Because I have external work until midweek this week, my response to volatility is delayed. I do not plan to do any position management such as additional purchases or hedging in the current section.

Even if it goes up, price defense is possible because it has been reduced to 30, and since hedging is a trading method that requires monitoring and management, it is not suitable for external work like now.

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My business trip ends today.
We plan to hold off on price management up to the price range marked as risk.

There is no pressure on the writer because he or she has a low weight of 30. However, I think it will be different for the followers. If you prepare for a further rise and consider adjustments in the risk-indicating section, I don't think you will have any difficulty making profits in the section.

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After all, business trips tire people out.
While the section could not be monitored, it is maintaining a sideways movement and forming a solid bottom layer.
Manage section positions while maintaining the possibility of rising to the risk mark.

For new entrants, long positions are thought to be cost-effective with stop loss.
The author plans to take a leisurely look at the market and conduct hedging transactions until the risk point is reached, and then make a strong catch-up purchase.

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The rise is weak. You need to prepare for adjustments. Let's manage your position

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An adjustment has occurred. From now on, this is the section where we need to check the upward trend again.

I hope all my followers have a happy Christmas.

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must check the strong upward impact of the cup and handle.

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This chapter is too long too. This chapter's performance was not good due to the slow trading tempo from the start and a lot of external business trips. I am satisfied that it is not a loss and end the chapter.

damngoodmoney

트레이딩으로 버는 돈으로도 충분히 만족하면서 살고 있습니다.
교육이나 기타 사업을 할 재능은 없고 개인 트레이딩에 방해되기 때문에 할 생각이 없습니다.

트레이딩뷰는 글을 수정이나 삭제할 수 없기 때문에(하우스룰 위반 제외) 개인 판단을 기록하기 위한 용도로 적합하다 생각되어 사용하는 것 뿐이고 제가 볼 기록에 존댓말을 사용할 필요 없기 때문에 사용하지 않는것 뿐이니 불편하시면 안보시면 됩니다.

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