I want you to think about a question

12 may 2019

Yesterday, the contract position of bm was maintained at 620 million. At that time, I told everyone in the group that the chips here were loose, so don't try to go long or short. Even though it was up $500 from last night to today, it took an hour and a half in the morning to swallow it all up. I don't deny that someone can perfectly make all the long and short profits, but please think about whether you can do it. I'm not a god, but I've been trading for more than 20 years, and I've seen so many running pigs, nothing new under the sun. For this wave of market, I don't think there are any problems, first of all, we have no short positions, but holding the currency spot, this is far better than a lot of people who recommend buying counterfeit currency and mainstream currency, because of the currency in market value proportion increased nearly 8% over the past 2 weeks, gold absorption effect is very significant, up more than 40%, than many people earn a lot of contract. Second, while we are short, we are not short, even if we are short on a 4 hour divergence, we have a stop loss. There's not much to lose, far better than people who die without standards. I don't think I have much to say in response to those who abuse me. If you've been reading my articles, you wouldn't think so. Look at a person's analysis, please look at the past, up and down to see the bearish things, I will not do. And to those provocateurs, I want you to look at what they were saying last year at $8,400, last year at $6,000, last year at $3,200, February 24th.  

As I said, some analysis is for people to read, and some analysis is for people to use. If I suggest you take a break here, it's normal to be scolded, if not, take it back.  

Next, please think about a problem. Bm currently has a position of $570 million, and 50 million positions have not been closed since yesterday, but this is nothing compared with the previous market prices. We know that this wave of $5000 came up, bm holdings increased by more than 200 million, the most close to $300 million.  

We know that the perpetual contract of bm requires the overnight fee (every 8 hours). If you think about it, short positions pay the overnight fee and bear the pressure of loss, but they just cannot cover their positions. Why? Long a few times pull rise to explode sheet, short a few times cover a short position, do not retreat namely, why?  

Contract trades, differ from spot, final not be deliverable is to close out a position, won't hold all the time, because average person is to cannot pay trade fee. So what do you think they're going to do this time, $5,000 plus, if you look at 10 times leverage, they've already made 400 percent, what do you think they're going to do? What happens if you unwind a long position and add a long short position?  

Just because we haven't seen it happen doesn't mean it won't. Here the most ideal result is that some people are happy to pick up high, natural change hands, otherwise, is not hit short, long stampede. As for that result, I'm not sure, so the answer right now is to wait and see

Contract strategy: wait and see

Spot: according to the standard position we give, continue to hold bitcoin, copycat and mainstream currency, I do not have good advice, but can use the method of moving average operation.  

My analysis is logical, consistent, so I would not for a moment, a moment look empty, but to standards, now look at before we prevent date line macd divergence disappear, so there is no support for short, then continue to hold the spot, I think happiness consists in contentment, we first is not empty, the second is not blowing up. Alive, good, waiting for the next opportunity to come