【Madman said trend】Basically, it can be determined that this bull market wave will peak at 100,000 to 120,000.

The madman said...

Warning risk, I really tried my best, can only protect some people who believe in me, although I was scolded miserably, but seeing today's small currency's one-day decline wiped out a month's increase, I still feel sorry for those who mocked me.

Since the weekend, the madman has been constantly warning about the risks. You can go to the homepage. Among the nearly 8 tweets, 6 of them are talking about risks from various angles. Many of these are reflected in emotions, not in data. For those born after 2000, most of them like to talk about data and results, but the experiences of many masters are actually worth referring to.

I am a left-side trader, so I often exit too early during previous bull markets, missing out on the final acceleration. Over the past few years, I have been reflecting and learning, hoping to adjust my left-side system more towards the top. It seems that there are some positive results after market testing.

A few days ago, I closed all positions for altcoins, but I didn't sell BTC and Ethereum, which is a bit of a pity. I think it's okay to hold BTC in the long term without swing trading. As for Ethereum, I'm still waiting for it to catch up. I don't know if there will be any opportunities in this wave, or if I have to wait for the next wave to come before it's his turn.

It can basically be determined that the current bull market of 100,000-120,000 is the top. As for the high point when it consolidates for 2-3 months and rises again, it is still unknown. According to historical bull market pullbacks, a pullback of 30-40% from the top will be a temporary bottom. Therefore, I have temporarily set the 'catch the bottom' range between 70,000 and 80,000. Considering the larger scale, the corresponding decrease in the drop range of 30-40% should also be reduced.

The risk is never warned after the risk has been released, because such a fallback is terrifying, with a decline of up to 30%. Not everyone can face it calmly. In the crypto world, you don't need to get rich overnight, you just need to sniff out the risks every time they appear and gradually become wealthy. Investment is a marathon. Most of those who got rich overnight in the past have not held onto their wealth and eventually disappeared. Making money based on cognitive recognition, not gambling, is the way to invest.

Disclaimer: The article represents the author's personal views and opinions, not the objective views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be responsible for any direct or indirect losses incurred by investors in their transactions.

<【Crazy Man Talks about Trends】Basically, it can be determined that this Bull Market wave will peak at 100,000-120,000.> This article was first published in 'Block Times'.