Interpretation of cryptocurrency market on OCT 14 2022
Inflation data missed expectations last night, and the market saw a quick sell-off, but the subsequent deep "V" move (sharply drop and rebound) recouped all the losses. In recent articles and yesterday's live broadcast, it was mentioned that the upper limit of interest rate hikes is clear, and the influence of data is decreasing. Operate according to the previously established strategy and prepare for the first or third wave of the future bull market, and you will make money.
It is unlikely that a bull market wave will start straight away. We still maintain our previous judgment on the timing. Even if the deep "V" shape(sharply drop and rebound) bounces and the price exceeds the cost area again, realizing profits here for the long-term position is not worthwhile. Be prepared for the possibility of a five-wave fall to be trapped. Hold about half of your long position; half of the money waiting to enter is evenly distributed between the cost area and $13,000. If it slows down, the more it falls, the more you buy, and if it falls sharply, you buy a few more copies at once. As mentioned in yesterday's broadcast, $13,000 is the limit of the perceived range and is unlikely to fall below. If it drops sharply, the BTC price is below $10,000. It is only possible that a major change has occurred, such as a significant recession in the U.S. economy and a continued escalation of the war, the former being almost impossible. So it is inappropriate to continue betting on a substantial drop. Even if it falls, the Bitcoin price won't be much lower than the previous low of $17,600. Therefore, it is the best choice to reasonably open long positions in the long term.
It is unlikely that a bull market wave will start straight away. We still maintain our previous judgment on the timing. Even if the deep "V" shape(sharply drop and rebound) bounces and the price exceeds the cost area again, realizing profits here for the long-term position is not worthwhile. Be prepared for the possibility of a five-wave fall to be trapped. Hold about half of your long position; half of the money waiting to enter is evenly distributed between the cost area and $13,000. If it slows down, the more it falls, the more you buy, and if it falls sharply, you buy a few more copies at once. As mentioned in yesterday's broadcast, $13,000 is the limit of the perceived range and is unlikely to fall below. If it drops sharply, the BTC price is below $10,000. It is only possible that a major change has occurred, such as a significant recession in the U.S. economy and a continued escalation of the war, the former being almost impossible. So it is inappropriate to continue betting on a substantial drop. Even if it falls, the Bitcoin price won't be much lower than the previous low of $17,600. Therefore, it is the best choice to reasonably open long positions in the long term.
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