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![]() Starlink-MX Community was founded in 2020 and is committed to creating a professional and valuable multi-dimensional empowering technology teaching community to help you avoid detours and move forward smoothly! ▶[Discussion on currency circle trading]◀ ![]() When there is a floating profit in a position, people tend to become risk averse, and what they subconsciously want to do is "keep the profit first." However, when taking orders against the trend, people tend to become risk-averse and repeatedly choose to "continue to gamble." In the end, the person who can make the most profit is never the person who sees the most accurately, but the person who can continue to add positions when profits are floating, who does not hesitate to close positions when mistakes are made, and who takes the lead in limiting and overcoming human weaknesses. ![]() #The technical trend of BTC is still not optimistic. As the price stabilizes and rebounds slightly, although it breaks through and stabilizes the 1-hour MA120/M200, it still has not emerged from the hourly level dangerous situation: ![]() There is still an important game between the 4-hour level and the daily level: At the 4-hour level, MA120/MA200 is still in a downward trend. However, with the recent price rebound, the downward trend of MA120 has slowed down, rising slightly and then crossing MA200. This type of trend means that the long-term trend at the 4-hour level is still repairing, but the mid-term trend has turned bullish. The 4-hour level belongs to the daily level with a high probability of trend confirmation and reversal. MA120/MA200 is still in a downward trend, and after December 1, MA120 has been running downward after crossing MA200, which means that the mid-term trend is weaker than the long-term trend, and the technical outlook has turned bearish. Interpretation: Although the 4-hour level and the daily level seem to be in conflict, there is a causal relationship. The daily level is greater in weight than the 4-hour level, so the overall trend is weaker. However, once the price stabilizes, as time goes by, after the 4-hour level reverses from the mid-term trend to the long-term trend, it will gradually change the trend of the daily level trend line, thus reversing the situation. It should be noted that the trend line as a technical reference is not 100%, it is only a high probability judgment. The final reference needs to match the macro and overall market environment. ![]() Bottom shock: It has been 52 days since the daily price fell below MA200, and the BTC price has fallen below 26% from MA200. Assuming that we are sure that the bull market cycle still exists, then the most recent similar trend in history occurred on May 19, 2021. At that time, the stimulus of macro policies caused the originally declining BTC to continue to accelerate its decline, causing the price to fall below M200, and the final depth of decline was also about 26%. Referring to that time, the price fluctuated below MA200 for about 82 days before the price finally broke through the trend and returned, thus starting a new main upward wave and pushing the BTC price to hit a high of 69,000. If we simply look at it in a 1:1 comparison, the current price has been at the bottom for more than half of the time, and we need to wait patiently to usher in a reversal and breakthrough of the trend. In addition, today is different from the past. Today's BTC has far exceeded that of 2021 in all aspects, so the bottom shock range is likely to be shortened, and after Christmas it may be a good opportunity. On the other hand, the overall trend at the weekly level is still good, with MA120/MA200 still in an upward trend, and as the weekly MA120 continues to rise from 77,300, it will also bring better technical support to the subsequent price decline. ![]() Final summary: Although the daily line is still weak at present, there are signs of gradual reversal in 4 hours. The next step is to be more patient and wait for the price to continue to fluctuate below to complete the effective range bottoming, looking forward to ushering in another high point. If the 519 trend in 2021 is replicated, once the subsequent trend is confirmed, it means that new highs are just around the corner! ![]() I am Su Hu, I have been focusing on encryption for 12 years, and I am devoted to the analysis and research of the encryption industry. Welcome to add ↓↓↓ my friends to communicate and grow together, and study the way of trading together! ![]() Planning, advantages, discipline, consistency, risk control, and emotion, these six dimensions determine whether you can grow from a "willful trader" to a "mechanical execution profit maker." Among these six dimensions, the one most misunderstood by traders is emotional management. Most new traders think they have "emotional problems", but in fact they just haven't experienced systematic training. Those who seem to be emotionally out of control, such as chasing high prices, taking profits in advance, and not daring to add more money, are often caused by unclear plans, insufficient cognition, and lack of risk control at a deeper level. Without a clear entry standard, there will naturally be repeated hesitation during the rise.; If you have no psychological expectations for profit and loss retracements, you will naturally panic when profits are taken. ; If you don't understand the boundaries of your trading system, you will naturally not be able to hold positions calmly when you make big profits. Mature traders are not emotionless (definitely not emotionless), but they never expect to "act on the spot" or "a flash of inspiration", but mechanically execute their trading plan. Therefore, the key to emotional management is not to suppress one's own nature or shout emotional slogans to embolden oneself, but to repeatedly polish the trading system so that every decision can be self-consistent. ![]() notify: The [Starlink Academy] exchange base is on the [SafeW] APP. Download and add my SafeW account [SH666666] as a friend to join the base and communicate and grow together. ![]() Download instructions: 1️⃣Switch Hong Kong ID search in Apple App Store: SafeW 2️⃣Go to the official website via Android browser: https://www.safew.org 3️⃣Register using email 4️⃣My SafeW username: SH666666 ![]() ▶In the currency circle, you have the opportunity to stand on the shoulders of your predecessors, and you can not only learn knowledge, but also accumulate practical experience. The market is turbulent, and the currency market is ups and downs. ▶The currency circle will beat up anyone who refuses to listen and talks harshly! If you don’t understand the underlying logic of the currency circle, don’t concentrate on systematic learning, don’t have a trading system that suits you, think that you are a natural trader, and rely on luck and luck to trade, sooner or later you will lose what you earn based on luck! 1. Starchain MX is a trading auxiliary technology tool that can help us have a complete trading system: ![]() 2. The overall logic is clear, pictures and texts are included, the structure is complete, and it is highly practical.: ![]() 3. The trading signals are clear and fast, the technical analysis is simple and intuitive, and the trading rules are clear: ![]() This article is intended to convey more market information and does not constitute any investment advice. The article only represents the author's opinion. Investment is risky, so you need to be cautious when entering the market and plan your investment reasonably! You still need to be hardworking in blacksmithing. Only by improving your cognitive and professional abilities can you master the code of wealth! Warm reminder: Making money when playing with contracts is just a process, liquidation must be the final result. As my fans, don’t try the contract easily! ![]() |