Technical analysis, only do swings.


Btc currently looking at the 12-hour line, yesterday's upward move was interrupted, so it started going downward again. Currently, if you don't have a short position above 5.95, it is not recommended to chase shorts. Although looking at the weekly line it is still crashing, capital preservation is the most important.
Whether it's MACD or pure naked K, they are all saying it's tottering. For me who does swing trading, it's not a good time to enter.
Also, technically my long position has been trapped for a week, classic case of not taking profits and then getting trapped to death. At least wait until the 12-hour MACD shows volume before stopping out or closing. Stopping now would be too stupid.
The market maker's thinking: there isn't much fuel on either the long or short side right now, so I think it will likely oscillate between 6.1 and 5.7 to accumulate, and finally have a pump, so I'm not in a hurry.
BTC-0.59%
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CryptoNewbieDailyAnalysis
· 10h ago
I'm stuck, damn.
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