Bitcoin has come to a head. Don't let your emotions dictate your

Every time the market to change the plate before and after, is the most prone to make mistakes, many people are not good because of psychological quality, false start, resulting in unnecessary losses, so trading is not only competitive technology, more is to see the psychological quality. As with Texas hold 'em, if you can play a bad hand to the end and win, it's always a mental game.



We saw recently bitmex and okex contract position again, yesterday the bitmex XBT sustainable position reached a $1.04 billion contract, this is again approaching the peak value of the first three, I think there must be more empty Armageddon, but just right at the top of the 2 hours appeared deviation, remember I have said before, the first three are at the top of the 2 hours after departure from the formation of the head, my first feeling is to note here, so at the top of the community have prompt you 2 hours, attention should be paid to hedge, do much to stop. I think this is the value of our community, defense is always the best protection.
So what's next? I would like to say that every time you know the answer after the market is out, we do not have an eye, so making mistakes is the norm, but the key to trading is not that you do not make mistakes, but after making mistakes to make up. In general, one of the most common mistakes you make is to correct your mistakes as soon as you find them. This habit is not entirely unreasonable, but it is often impulsive, so there is a great chance of making a second mistake.

In this case, my advice is don't error correction, but a look at our judgment of what went wrong, if not find the problem after combing, it will, in turn, to go to the market, whether there is the possibility of cheat line (premise is you have the correct transaction logic, trade in the past business strategy winning percentage is higher).

If you stop a loss after a big drop, it may be on the floor, so impulse is the devil at this time, to see what will be the next step, then operate, this is the correct logic.



Back to the current trend, we see the previous three peaks, all caused by the 2-hour top deviation, the contract position is also long short at the high level to begin to unwind, so the possibility of forming a head here is still very high, but can we short here? Should trapped bulls stop their losses?



my advice is, take a look at today's rally, if you don't get on the daily K line of ma6, it is a sign of departure, but more importantly, the trend of macd, if a bearish trend is formed, you must leave the market. As a contract, the daily line of macd cross is the opportunity to short, or else there may be a rush to short the possibility of being cheated.