Yueying: Can Bitcoin and Ethereum continue to decline? Let's talk about the state of trading losses.

CN
7 hours ago

Since trading involves profits, there will inevitably be losses. As a famous saying goes: Losses are a part of trading, and accepting this calmly is what makes a mature trader. Now, let's take a look at the various states of traders when they lose money. It’s a series of heart-wrenching scenes that will pierce your heart…

First: The feeling of being trapped when losses occur: it’s like being pulled by an invisible hand! That sense of helplessness and entanglement can only be understood through experience…

Second: Watching losses continuously expand, account balance constantly decline, yet unable to close the position! It’s heart-wrenching!

Third: A position that was originally profitable ends up resulting in a loss; many people can relate to this feeling of going from laughter to tears…

Fourth: Being controlled by emotions, overtrading, leading to increasing losses in the account… Look at the following words; they make a lot of sense. Excellent traders are definitely calm and composed, often appearing more subdued, while those controlled by emotions tend to seek the thrill of trading, thinking it’s exciting, but the outcome is definitely losing money.

Fifth: Losses caused by severe price fluctuations due to market liquidity drying up; one must avoid entering trades before major risk events!

Sixth: Being overly afraid of losses, closing positions immediately at the slightest loss.

Seventh: Having excessive profit expectations that are hard to achieve… Ultimately increasing positions continuously, raising the overall risk of the account, leading to losses.

Eighth: Feeling extremely bad after a loss, lashing out at anyone encountered…

Ninth: Closing positions after a loss, temporarily stepping away from the trading desk, no longer staring at the account or market. Go for a run, or go shopping at the supermarket, or spend time with your pet; diverting your attention is a very good practice. If you’ve lost money, don’t keep staring at the computer; go play with your cat!

Tenth: Strictly following the plan and calmly accepting losses; this is what makes a mature trader. Don’t let temporary losses throw you off balance; face the ups and downs of life with calmness and composure.

Most people don’t struggle to find solutions; they struggle to identify the problem.

Bitcoin Technical Analysis ————

The previous short position at 108000 has yielded over 1000 dollars in space. Looking at the daily chart of Bitcoin, the last candle closed as a bearish candle, breaking below the 7-day moving average, with slight fluctuations below the 7-day average at the market open. The Bollinger Bands continue to maintain a constricted state, with short-term moving averages operating around the middle band. The MACD fast and slow lines show signs of turning, with volume bars decreasing, and the KDJ is turning downwards. The VR indicator is consolidating around the 130 value. On the 4-hour chart, the market has continuously tested the lower band, with the Bollinger Bands slightly opening and short-term moving averages showing signs of turning down. The MACD fast and slow lines are extending downwards with increasing volume, and the KDJ is running downwards, paying attention to support near the 0 value. The VR indicator is consolidating around the 100 value. Overall, the market shows signs of weakening after several days of high-level fluctuations. The short-term view remains bearish; as long as it breaks below the 106000 level, the market will accelerate. The recent view has consistently been bearish; although it hasn’t moved out a large space, it hasn’t deviated much either, so we will stick to our previous thoughts and not be swayed by market noise. We wait for the market to validate our view. Short-term suggestions are as follows.

Bitcoin Short-term Suggestion: Short at 107300 (Activate strategy and take profits as you see fit)

Ethereum Technical Analysis ————

The previous strategy has only yielded a few dozen dollars in space; the overall technical aspect still references Bitcoin. The overall trend is weakening, and the phase resistance is effective. The short-term view will not change; we continue to maintain a bearish stance. Short-term suggestions are as follows.

Ethereum Short-term Suggestion: Short at 2475 (Activate strategy and take profits as you see fit)

——I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let’s share and profit together!

There may be delays in article publication review; the market changes rapidly, and the above suggestions are for reference only, with risks borne by the reader! The market changes daily, and what I can do is use my years of practical experience to provide some slight assistance, guiding your investment decisions and management in the right direction. Meeting is fate; I am a person who believes in fate. If you have any doubts in the cryptocurrency world, feel free to follow Zhou Yueying; I believe it will be helpful to you.

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