If the rebound does not break through 9200, it is defined as a wash, short on rallies

诺海_NhCynora

特邀专栏作者

2020-03-02 17:31 (UTC+8)

This article is about 1484 words, reading the full article takes about 3 minutes

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Trap: More than 8500 supports, why can't I see the rebound force?Trap: More than 8500 supports, why can't I see the rebound force?）

At 7:00 p.m. after the tweet, the market began to go upwards. Two consecutive positive lines directly broke through 8643, and the third line directly broke through the upper edge of the triangle and converged for a period of time. The highest point reached 8750 (Binance spot price). The market made everyone very excited, because everyone saw that the market met their expectations: the bull market is still there, and 8500 is just a small correction, which does not prevent BTC from going straight to 200,000!

However, within 3 seconds, the fantasy was shattered by reality

The price fell rapidly within half an hour and returned to the shock range. All those chasing high who believed in bulls were locked up on the top of the mountain, and high-volume short orders with unreasonable stop losses were directly exploded. The so-called price has not changed, and the position is gone, but that’s all

And the question reflected behind this behavior is: the chasing bulls and the high-power shorts both handed over their chips, so who is receiving these chips? What is their purpose? (I will talk to you about my views in the live broadcast tonight)

8420 rebounded again last night, what does that mean?

The rebound is just because this is a large-level demand area, and there are many bottom-hunting funds intervening, but as I said in today's strategy video, every rebound does not bring new highs for bulls, but continuous lower lows , this is definitely a time bomb for the bulls, I don't think this rebound is a continuation of the bulls' power, continue to be bearish

Can the current price be shorted?

No, my usual trading point of view is that buying/selling in a good position is more important than looking in the right direction. Even if I look in the wrong direction, my cost is good enough, and I won’t lose much, or even leave the market with a small profit. But if my entry position is not good, and the entry price is too bad (for example, it is not a good position to catch up with a false breakthrough last night), even if I look in the right direction, I will not make much money

If the bears are strong, why not just break through?

It's very simple. There are too many bearish people in the market at present, especially after the false breakthrough last night, many original longs immediately turned to shorts. They are bound to establish reverse short positions to hedge their losses from long orders. Looking at it, this means that there is an imbalance between long and short positions, and the short car is too heavy. The main force has the will, but it cannot move it (because it is equivalent to the main force carrying the sedan chair for retail investors), so some means must be used to wash off the unsteady short chips. , last night's false breakthrough, is a prime example

Trading straregy

The idea is to rebound and short. This remains unchanged, but we need to be alert to the main force’s washing behavior. If the main force makes a breakthrough similar to last night, my suggestion is not to chase it. It may be a trap. It is better to wait for it to stabilize Find an opportunity to intervene later

At the same time, last night, there were more than 100 points of floating profit that intervened in long orders at around 8500. You can consider taking part of the profit and still looking for trading opportunities to sell short at high levels

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