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[Wei Shen's Real Trading Notes 59] Two Possible Trends for BTC's Future
U-based account: 0.95x long
Recently, Wei Shen has frequently adjusted the sell order prices for the HL account, aiming to continue reducing positions between 70k-74k.
Today's operation:
Plan to reduce half of the position with orders placed between 70307-73916.
If the orders are successfully filled, the risk exposure will be reduced to half.
The pyramid buy orders below are still between 40k-61k.
I guess the two possible trends for BTC next:
1. A rebound below 74k, then continue to oscillate between 62k-74k.
2. Break below 62k, continuing the downward trend of the bear market's second half.
I guess Wei Shen's operations after this reduction:
For the first trend: he might place buy orders near 62k. After all, Wei Shen likes to trade in close-range waves.
For the second trend: his buy orders are already placed.
Are there still friends following Wei Shen's real trading? What do you think?
Additionally, today I learned the dual moving average trading method, which is a system using the 20, 60, and 120-day moving averages and the 20, 60, and 120-day exponential moving averages for trading.
First do addition, then do subtraction, and see which method suits me.

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