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This month many airdrops were released, although I didn't get any big ones, I still received quite a few small ones, and the capital curve continues to rise steadily.
There is something I can't help but want to talk about. Recently, I found that many people, including many friends around me, are trading with ma120 and getting worn out repeatedly.
To say something offensive, this trading method is a very trashy strategy and is completely unsuitable for the current BTC.
Many people choose this strategy based on the conclusions drawn from backtesting data from 2017 or even 2015 to the present, but this is no different from carving a boat to seek a sword. Whether it's MA120 or the Nine Gods Indicator, they are products of the last bull market, and today's BTC is no longer the BTC of 2015 or 2017.
MA120 is a long-term indicator, and its only function is that it serves as a decent reference for entering a position when it breaks out for the first time after a long period of consolidation at a bottom. However, it has no reference value for volatile markets or for those looking to take profits at the top.
The reason this indicator looked good before is that in the past, BTC could easily surge 10 times or plummet 80%, so any take-profit or stop-loss indicator wouldn't be too bad.
Now it is completely dominated by large institutions and big funds on Wall Street, basically following the trend of the US stock market. It is difficult to see any dramatic rises or falls in the market anymore. Given the currently optimistic macro fundamentals, it is basically a rhythm of going in 2 and retreating 1. Just try using MA120 for US stocks and you'll see how effective it is.
Anyone with a bit of trading experience, not the kind of clueless retail traders, should avoid using MA120 for trading. This approach is just using a foolish strategy to control an even more foolish self.
In my opinion, the only long-term effective and simple strategy for BTC is dollar-cost averaging. If you have strong earning capabilities off the market, use those funds for dollar-cost averaging. If you have strong earning capabilities on the market, you can also dollar-cost average by converting your profits into BTC each time. This will definitely outperform all the flashy strategies.