Predictions for 2013: Mai Gang on Bitcoin, currency wars and the internationalization of the RMB
Most people do not have top investors like Mai Gang, who have strategic vision, knowledge background and connections. Therefore, their path cannot be copied.
But there are many community KOLs who come from ordinary backgrounds, or even from a very poor start, with no background, no resources, and no connections. But through hard work, they are still doing well in the currency circle. There are only two ways to their success:
One is to be well versed in human nature in currency market transactions; the other is to be proficient in the technology in currency market transactions.
Therefore, learn from excellent KOLs and gradually build a trading system that suits you in the currency market. I believe there is a great chance to change the direction of your life. 🔥🔥🔥🚀🚀🚀
Is the trend line really just about finding a few points in a row? This beautiful lady explains how to draw the correct trend line. At least it is the clearest and easiest to understand video I have ever seen.
Very good! You can basically draw it after watching it.
The small position short on Ethereum has no hope of making a profit, merely validating the viewpoint. A break with volume above 3399 brings back the bullish trend. Look for opportunities to continue buying low. #ETH突破3000 $ETH
Impressive 👍 I don't understand how the expert could see the pattern from such a high position, learned a lot. The expert continues to make a fortune all the way.
如果我不懂
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$ETH Limit Price Order Punch Second Style, Golden Bull Trims Corners.
Once again, the double needle top order was resolved, just like the previous three pin entries when it dropped from 2500 to 2227.
Except for black swans, the big bull can also be placed before bed... but this requires a more extreme skill set; I made 1M with 5 waves in May (Binance Square has all the records).
Sleep for a bit and wake up, and the money is made. For now, I’m only taking a small pullback, at most I’ll see something starting with 32 and then I’ll leave.
Don’t FOMO into the brain, don’t forget, traders capture profits from volatility.
If Ethereum falls below 3342, the downtrend will officially be established
The first stop-loss position is around 3320. There is support here, and it will encounter an upward trend line
This can also be referred to as the first take-profit level. It is essential to closely monitor whether it will break below this level; if it does not, consider partial or full take-profit; if it breaks below, continue to look downwards
Why does the price tend to rise slightly after a bearish signal?
My personal understanding is,
1. During a general downtrend, there may be natural rebounds, possibly due to buy orders placed there.
2. The market makers are distributing shares, or in other words, they will sell while also supporting the price. This can make retail investors feel that the price hasn’t dropped significantly or quickly, so they don't feel the need to stop-loss.
The rebound here, or the support from the market makers, is the position for adding to their holdings. Of course, this is under the condition that the direction is confirmed to be bearish.
In the market, shorting and going long cannot rely on feelings and common sense, but rather on solid technical analysis.
It shouldn't be based on a personal feeling that the market will rise or fall, or what others say about rising or falling.
Instead, it should be about identifying signals of rising or falling through technical indicators.
Once identified, you can try small positions; if your view is validated, then you can gradually increase your position.
At the same time, maintain correct position management, precise point judgment, and calm thinking. Generally, it is still possible to achieve some results.
To make money in the cryptocurrency market, it is essential to solidify the technical aspects.
Relying on hearsay is definitely not a viable approach.
Learning and practice are necessary to gradually accumulate experience.
By gradually experimenting and confirming that you can identify market trends and patterns, as well as key technical indicators, along with a mature mindset and self-management skills, you can then invest funds.
Moreover, making money in the cryptocurrency market is different from other financial models. It's not about how much you invest. You can start with just a few dozen or a few hundred dollars. It doesn't mean that a larger investment will yield greater returns.
Without mastering the technology, even a few million dollars can be lost; with solid skills, you can make something out of just a few hundred dollars. The cryptocurrency market truly tests and refines people.
This short position was opened a bit hastily: 1. The position is not very good; it would be more reasonable to open in batches at the rebound level, which would be a better position; 2. I looked at the stop loss. The entry position is not good, so the risk-reward ratio is not reasonable. 😅
见见ETH
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Bearish
Closed a long position near 3160, and opened a short position near 3150, the reason being the break of the uptrend line.
Let's see if it holds at 3130 or at 3110. If the support level can hold strongly, then I'll reverse and go long again.
This operator's manipulation has some characteristics and certain patterns. Let's test it a few more times to feel out the operator's trading tricks. 😅
This might just be a very short-term short position. Overall, the strategy remains to buy low.
Playing! Can't go down again, sweating profusely...😅
见见ETH
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Bearish
Closed a long position near 3160, and opened a short position near 3150, the reason being the break of the uptrend line.
Let's see if it holds at 3130 or at 3110. If the support level can hold strongly, then I'll reverse and go long again.
This operator's manipulation has some characteristics and certain patterns. Let's test it a few more times to feel out the operator's trading tricks. 😅
This might just be a very short-term short position. Overall, the strategy remains to buy low.
If the right side needs certainty, then the empty positions won't work; otherwise, it can only be the left side. Currently, this market is also hard to predict the top 🤔️
见见ETH
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Bearish
Closed a long position near 3160, and opened a short position near 3150, the reason being the break of the uptrend line.
Let's see if it holds at 3130 or at 3110. If the support level can hold strongly, then I'll reverse and go long again.
This operator's manipulation has some characteristics and certain patterns. Let's test it a few more times to feel out the operator's trading tricks. 😅
This might just be a very short-term short position. Overall, the strategy remains to buy low.
Closed a long position near 3160, and opened a short position near 3150, the reason being the break of the uptrend line.
Let's see if it holds at 3130 or at 3110. If the support level can hold strongly, then I'll reverse and go long again.
This operator's manipulation has some characteristics and certain patterns. Let's test it a few more times to feel out the operator's trading tricks. 😅
This might just be a very short-term short position. Overall, the strategy remains to buy low.
It's not just you. Mike also said that because he advocates for Bitcoin, he was removed from many investor groups, feeling that he was very unconventional. At that time, very few people could see the prospects of Bitcoin.
Money gives you super powers
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How did I not see this video in 2013! At that time, I believed what the Chinese government said about Bitcoin being a scam😭😭😭
Bitcoin has approached around 117,000 again, while Ethereum is slowly following up.
If Ethereum is to challenge its previous high again, it needs to first break through 3,063, where there is a descending trend line resistance; then it must hold above 3,080 and retest without breaking.
In comparison, Ethereum is a bit stronger, but it was dragged down from its peak by Bitcoin.