Either-or Operation

When we judge the trend of a wave of market, we can't wait for him to form a discussion, that kind of analysis is basically meaningless, because the market formed, we are the actual combat, at that time need is a strategy. So when we predicted a 5 wave adjustment here, we were already considering the operation strategy after 5 waves. Now that we see that the 5 waves are basically on target, we'll talk about what happens next.  

First of all, from the perspective of the big shape, the downward trend has taken shape. There are not many people who disagree with it now, but everyone is divided on whether it is an adjustment or the end of an upward trend in the medium term. If it is adjustment, the intensity is not too big, $7000 May be the support level, after the shock continues to rise trend. If the head is formed in the medium term, there may be several months of decline, and the target level is not $7,000.  

So when we talk about local problems, there needs to be a larger pattern to govern. My personal view, here is just a super b wave bounce, which I explained in the previous article, do not repeat. If this logic holds, then this is the rebound trend. I said the day before yesterday that this position pattern is a head and shoulder top, so we gave a shoulder line position of 8500.  

But the rebound is a form of ABC, without form 4 hours before rebounding, and we have the second possible, at the end of the market in August last year, the market continued to fall, then fell more than expected, relief from 8400 fell below $6000, damage is very strong, so we also don't underestimate the power of COINS do empty, you rebound four hours if not here, not rule out the possibility of walking wxy.  

We need a red heart, both to prevent the rebound of the short, but also pay attention to not be caught, it is very difficult to trade, if in terms of analysis, I can be very easy, because there is no responsibility. But strategy is different. I have stressed many times that analysis and trading are two levels of things. Analysis is like writing a novel. But the trading strategy is different, it is more like a report, an academic paper, very strict requirements, because people have to follow the strategy to operate, once there is a problem, the loss is tens of thousands. If there is a war, a war plan, it may change the course of the war.  

strategy

Spot, now is not the best entry opportunity, if you hold the position, wait for the rebound, hedging is not necessary to remove. If you are short position, to exceed the participation desire of fall rebound is strong, have certain risk to bear ability, can accept 10% loss, but can form in 4 hours long trend after light position entry, set good stop loss is.  

The contract, I think there are a lot of opportunities here, we should be catching more than 20% trend several times in the past half month. Now that the bears have done a lot more, we want to see what the bulls have to offer to offset the downside. For contract traders, the risk is not how much leverage you open, nor how much money you take, the key is whether you can enforce discipline, a person does not have any experience, but he can still survive in the market if he can enforce discipline, a veteran, if you let down your guard, will be out of the market at any time. That's the beauty of contract trading.

The top of the form

To update ideas