One, why do I think the CME gap of 93000 will be filled in September?
In the morning article (Four-Year Cycle Continues: Bitcoin, Ethereum, Altcoin Secrets), I provided the trend of Bitcoin in the chart:
Looking at the weekly chart, the weekly MA 60 has bottomed out twice near this level, estimated to be around 93000 before and after September 15!
Bitcoin is garbage. Today's article (Four-Year Cycle Continues: Bitcoin, Ethereum, Altcoin Secrets) stated that the big coin will not exceed 123218 before September! I'm waiting to bottom out between September 5-11 and September 15 around 93000!
Two, how far is Ethereum from the top?
Ethereum is very strong. The upper Bollinger band on the monthly chart at 4280-4268.84-4320 is also approaching. It could extreme reach 4484.67, even 4817.57, but will not exceed 5183.39.
Ethereum is currently still at the end of the 5-3 wave, and the daily MACD has also golden crossed. Let's not guess the peak; we just look at the StochRSI indicator.
Everyone, observe when the StochRSI indicator reaches the 90-100 range, especially close to the 98-100 range; Ethereum's 5th wave will peak here!
Ethereum's low around 3350 was notified for bottoming, and it was cleared at 3935 for a profit, selling a few points higher.
The small position shorting at 3990-4050-4090 has also stopped loss (I mentioned before opening it that it was likely to stop loss, and it indeed stopped loss), with a small loss of 3%.
Wait until the StochRSI indicator peaks before August 11 to close the short position again, or only short again if it really reaches 4484.64-4817.57.
Especially aggressive traders should wait for the peak to be higher than the 5-3 wave high point before shorting at least 4280-4268.84-4320.
Three, the last chance for altcoins to escape has come! Shorting altcoins at the upper KC band on the daily chart!
On July 26, I reminded that the altcoin season that started in April has ended. After rebounding to the upper Bollinger band on the 4-hour chart, it will fall to the lower Bollinger band on the daily chart, then rebound again to the middle Bollinger band and the upper KC band on the daily chart to form a second high.
When others are greedy, I am fearful. Most altcoins are expected to rise to the upper KC band on the daily chart. Friends with spot positions are advised to clear their holdings, this is the last chance to escape. Most altcoins will not exceed the high point of July 22 during the rebound!
Shorting altcoins near the upper KC band on the daily chart!
(1) SOL was bottomed around 155.64, and the maximum profit-taking was at 179, selling a little bit, not much. Now, as emphasized yesterday, the ideal target should reach the upper KC band on the daily chart at 181-182, and it has been achieved! Is the upper KC band on the daily chart powerful?
I've already notified to short SOL at 181-182.
(2) XRP's short position from yesterday is still profitable. If there is a continued rebound, the community will notify for additional positions. Is the upper KC band on the daily chart powerful?
(3) SUI at 3.85-3.98 has also been notified for shorting. Is the upper KC band on the daily chart powerful?
(4) Additionally, we have set up multiple short positions on altcoins, shorting altcoins near the upper KC band on the daily chart!
Four, to forge iron, one must be strong oneself.
As a novice learning about trading, I am a practitioner of wave theory, Chen theory, Wyckoff trading method, and Gann theory, the creator of a high win-rate trading model, the originator of the BBI+KC reversal channel line, the founder of the DC cycle, supplemented by advanced CCI trend lines, improved Fibonacci fan fitting speed resistance lines, and advanced reversal indicators, exploring sustainable ways to make consistent profits!
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