📌 Shocking! Has a handsome guy joined the ranks of traders? Is he still an old retail investor?
🎈 Followers who pay attention to me, like, comment, and share this tweet, I will arrange a pig's feet meal for three lucky brothers, and benefits will continue in the future!!
👉🏻 Hello everyone, I am Pao Pao, a full-time secondary trader who enjoys working on some abstract concepts. Looking back at my entry into the circle, like everyone else, I was also a 'retail investor,' and moreover, I was an even less noticeable 'retail investor' in the trading circle.
🔶 I remember at that time there was a CX platform, packaged with a worthless coin. I clearly remember it was called “$NEW Newton Coin.” Hearing about the model made me fantasize about getting rich in the future. The impact on me as a high school student was immense. I even had many arguments with my family, searching everywhere for classmates to pull in investments, challenging my teachers: “Do you earn more than I do in a day?” (I was quite aggressive in the market at that time, relying on PA points, and without counting mining shares, I had considerable daily earnings.)
Don't be afraid of the market decline; let Pao Pao recharge your faith!
It has been continuously declining, with Ethereum dropping 440 points and Bitcoin dropping nearly 8000 points.
Don't panic just yet! In this situation, your mindset and position management are even more important!
If you went long at the highs, don't panic!
From the data perspective, $ETH has been consolidating above 2700 for a long time. From the trading volume, it still indicates that the bulls remain strong. The big players are using news to create a decline, causing panic selling. This kind of 400-point plunge, in the context of a bull market, is considered the late stage of accumulation. It aims to lower the holding cost! Currently, the worst-case scenario has not occurred—rapidly breaking through all support and quickly rebounding.
The more the market washes out, the more excited I become! It further strengthens my idea of shorting in the short term and going long in the long term.
I have already entered long around the price of 2480. Near 2550-2580, I will choose to take some profits, but I am still incredibly looking forward to $ETH E soaring to the sky! E will amaze the world!!
Then we will see $BTC .
From 110,000, it retraced to 102,000, still following the previous viewpoint that the level of 101,000 has not been broken. I still hold a bullish view on Bitcoin.
For Bitcoin, I prefer to wait for the price of 104,800 to be tested before taking action. Alternatively, I will wait for the consolidation to take shape before choosing a direction.
On the trading floor, one action requires confirmation from another action!
If there is a rebound and trading volume increases, but the highs do not exceed previous highs, consider going short.
‼️ Before we begin, I want to say a few heartfelt words!
🎈 Last night, I attended an offline gathering and deeply felt that as a secondary trading blogger, I truly do not want anyone to lose money. Similarly, for everyone's benefit, so that everyone can earn more money, I choose to share my trading logic with everyone!
🔶 Yesterday was really tough, a wild ride of 260 points, even breaking through the previous high point. Now we are facing a natural pullback, but these are all good things.
🙋 Little Classroom: A healthy pullback is helping the market to rise better. Yesterday, I also mentioned a key point, the 50% rule. The current market applies too!
From the experience of someone who has been through it! Remember, do not chase the price! Remember, do not chase the price! Remember, do not chase the price!
Trading can be done anytime! But to make money, you need to open positions at critical points, so you can capture more profits!
For your own good, can you be that “key person”?
If you haven't captured a good position at the beginning, missing it is just missing it; there's no regret!
‼️ Back to the current market situation, it has retraced to the upper boundary of the range and is consolidating. We need to wait a bit longer for a continuation to appear.
If you must open a position now, I highly recommend keeping the first position small! We just need to see if it can hold around 2790! As of now, I am inclined to be bullish! I hope to break through the current structure in one go! If we are really stuck at this line, we still have to short!
🌈 Referring to $BTC , it was also mentioned in yesterday's article that 108900 and 0.382 of the Fibonacci sequence resonate, causing a rebound, but the upper pressure level is at 110400. The profitable points are not many, and we have moved out of the current consolidation area, but we haven't broken the consolidation structure yet; just do high sell low buy.
📍6.9#BTC #ETH Intraday Market Analysis Tips at the end of the article
Yesterday was a bit busy over the weekend, took the opportunity to update during dinner time
Had a bit too much to drink and went straight to bed when I got home last night
💦 Today I sat down to analyze the intraday market carefully, remember to like + share
Back to the market $BTC
💥 Rebounded from around 101000 to my take profit point, with a profit of 3700 points
In case of not knowing what to do, I marked the places
1. Did not break down, went up, rebound, can we go long?
2. Broke down, this support level, can we boldly go short?
There wasn’t much fluctuation over the weekend, making a bit of money with a small position is of course fine
Trend is very important! Although smaller timeframes follow larger timeframes
Still need to pay attention to this BTC descending channel
🚀 Speaking of $ETH
Profit of 60 points up and down, going long and short for a profit of 100 points is already quite a lot for Ethereum these days
At the current price around 2480, as of the time I am publishing this analysis, from the trading volume and candlestick patterns, there is already a kind of stopping behavior, can we boldly look at your long position?
However, in any case, you can exit your long position around 2545
If there is a breakout from the price consolidation area, you can wait for a breakout pullback to go long, not missing these few points
👉 When pulling back, you must also pay attention to a key point! It is also a small tip!
If during the breakout pullback! Accompanied by a long bearish candlestick + large trading volume, temporarily wait and observe!
At this time, the risk of entering is relatively high, we consider this as a — false breakout!
I don't really like placing orders, I prefer to set alerts and observe the market when the price reaches a certain point
If you find this article helpful, feel free to like + follow + share
Send it to your friends who are being tormented by the master of tricks!
Did you take profit at the precise price point of $ETH from yesterday?
Now back to the market:
$BTC and $ETH have been marked. Breaking below and then recovering without breaking through the support-resistance swap position means to short directly! I'm out for social engagements today, so I'll keep it brief.
Remember to like + follow + comment to draw a brother and arrange tonight's pig's trotter rice!
Now back to today's market analysis
🔥#BTC has also rebounded sharply from 100384, and the big pie is still hovering around the previously mentioned 104800 level, still choosing a direction. Let's discuss the logic: 1. The current price level is a small level of support and resistance exchange point 2. Combined with the downward trend line 3. The Fibonacci 0.886 retracement has also been reached
So if we can't get above 104800 in the near future, and a K-line appears with high trading volume + a short K-line pattern, I will choose to open my short position
👉 Yesterday's trading idea was the same as #BTC , going short and then coming back up again, it also hit the take profit
The current two price levels — 1. Near 2480; 2. Near 2550;
Currently breaking through 2480, then retesting the support at 2480, and standing above 2480, at this time you can open your long position, temporarily placing the take profit near 2550, but if it breaks down and can't get back up, can you open your short position?
Note: If you have a long position, you can sell near 2540
👀 Finally, let me boast a little hhhhh
The two short positions I mentioned to my brothers on the night of the 5th have triggered take profit, then flipped to long, my favorite seamless connection, I wonder if you've had enough?
The day before yesterday, I specifically sent out signals for two short positions! Basically feeding the meal into everyone’s mouth!
Basically, after my daily market analysis tweet is released, I set my alerts and just wait for the alerts to see if there's any change in the market
So my brothers who follow me on Twitter and Binance can see my tweet in real-time