Evening Analysis: Around 12:42 in the comment section, two trades were made. One was a short on Bitcoin at 92400, with a stop loss at 92600. However, Bitcoin did not retrace to trigger the stop loss, so the trade was not executed. Ethereum at 3350 was shorted with a stop loss at 3360, but after hitting the stop loss by a small margin, the price dropped.



Strategy Analysis: Currently, both Bitcoin and Ethereum are in bearish structures. Bitcoin reacts at the trend reversal point, accompanied by an ifvg indicator, and enters on retracement at the ifvg level. The same applies to Ethereum.

Although today resulted in one loss, one break-even, and one profit, after accounting for fees and commissions, the initial capital of $500 is basically restored. But it's not a big issue. Accept small gains and small losses, occasionally large profits, using small stop losses to aim for substantial gains, maintaining a steady mindset, and continuing to profit.
BTC-0.42%
ETH-0.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
ViolentPandaWvip
· 12-10 17:21
Bitcoin is also retracing to the 92,400 level now, but short positions should not be taken. Retracements also require attention to timing.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)