In Price Action (PA, naked K) trading, the pin bar is a very important entry signal, also known as a Rejection Candle, and is usually a candlestick pattern that indicates a price reversal. The formation of a Rejection Candle occurs when the price is strongly supported or suppressed at a certain position, resulting in a very small body but large shadows of the candlestick, including hammer and inverted hammer patterns, which are referred to as 'Pinocchio Back Bar', abbreviated as 'pin bar'. In trading practice, we need to pay attention to the fact that a pin bar with a long lower shadow is a buy signal; one with a long upper shadow is a sell signal.
Everyone knows that making money in the cryptocurrency market can be fast, but losing money can also happen quickly! Here, I will briefly share my trading plan. 1. First, trade with familiar cryptocurrencies and avoid those that I am not familiar with. 2. Do not open positions easily; patiently wait for opportunities! 3. Enter with a small position, increase it once the trend is confirmed, and strictly execute my stop-loss. 4. Manage my trading emotions well. 5. Do not open multiple cryptocurrencies at once, as it can severely affect trading emotions. 6. Practice good position management, keeping each position at five percent or less.
The pancake really showed respect today. During the day, it was said that the upward trend of the pancake has broken, focusing on short positions. But at night, it arranged a waterfall, truly showing respect. The community has once again enjoyed a big bowl of pig's trotter rice! It seems that I'm not far from making a constant profit! #加密市场回调 $BTC
Bitcoin and Ethereum Today's Market Trend Analysis Bitcoin's recent decline started with a dip before rapidly falling by 4000 points, reaching the support level we previously mentioned around 102000. Currently, Bitcoin's 4-hour chart has broken out of the triangle area, and the upward channel has been breached. The daytime rebound lacks strength, indicating that this decline has not yet reached its bottom, and a new round of decline is expected. Focus on short positions for trading, and enter short when it rebounds to a suitable level.
The upper resistance for Bitcoin remains around 106700. Only a strong breakout above this level will warrant consideration for long positions. The short-term sentiment for Bitcoin is bearish; a strong rebound will only occur if it holds above 102000.
Ethereum's lowest point reached 2360, this level has been tested for the third time, and if it holds, a significant rebound may occur. If 2300 is broken, you know the potential drop for Ethereum. If Ethereum does not rebound above 2480, it will continue to head downward. $BTC $ETH #加密市场回调
Market surges and plummets, classic double explosion of bulls and bears! Yesterday, the big coin rose to around 109,000 and then quickly dropped by 3,000 points, completing a double explosion of bulls and bears within 24 hours, with long positions liquidated for 220 million and short positions liquidated for 130 million. This wave probably left everyone stunned. The current K-line for the big coin is still moving within a triangle, and I mentioned in yesterday's post that recent trades should focus on the boundaries of the triangle, noting that the upper boundary is around 109,000. Yesterday's high reached 108,900, just 100 points away from the short positions. Trading is like this; there are no very precise points, only a precise range! Ethereum is also experiencing significant volatility; the current intraday pressure for Ethereum is around 2,620 to 2,680, with support below around 2,500. The current position of Ethereum is not suitable for trading. Additionally, important news: The Federal Reserve's interest rate decision meeting will take place tomorrow night at 2:00 AM on June 19. This meeting is crucial and has a significant impact on the market, so it is worth paying attention to. Trading is a difficult path; you cannot expect to profit immediately from a trade. If you keep fantasizing that your trades will move in the direction you hope for, you can be sure that you are not yet ready for trading! $BTC #美联储FOMC会议
Ethereum 2500's long position takes off! Long positions around Ethereum 2500, took profit around 2550 once, the remaining structure has soared again today, can take full profit now! Bitcoin is currently facing pressure around 106800, if it can't hold this position, a new round of decline will begin. If it breaks above, we can consider long positions to expect new highs. Bitcoin's convergence trend chart shows that the volatility range is narrowing, with the upper boundary of the triangle around 109000; a strong breakout will lead to new highs. Bitcoin's weekly closing is not good, with bullish and bearish forces being equal, so we won't trade in the unclear trend; trading around the triangle's boundaries is the correct approach! Ethereum's rise today is also very strong, with resistance levels at 2650, 2720, and 2880 as major pressures. For Ethereum trading suggestions, if it pulls back and holds above 2580, we can consider entering long positions. $BTC $ETH #Metaplanet增持比特币
Bitcoin and Ethereum Today's Market Analysis Currently, there are no trading opportunities, be patient, a big market is not far away. Bitcoin currently shows a triangular pattern on the 4-hour K-line, with the amplitude of fluctuations gradually narrowing, highs decreasing, and lows increasing. We still have one short position in Bitcoin that hasn't been closed, the average price is 109000, half has been closed for profit, and the rest is set to break even, letting it run. This trade could actually have been fully closed for profit, yielding 5000 points, which is ten times the 500 points profit from the expert. Ethereum was also mentioned yesterday around 2500, trying to enter long, now it has rebounded a bit, about thirty to forty points, no profit, just a side dish. If you have an order, just close it, Ethereum is in this poor state, or set a break-even and observe. $BTC
Bitcoin Ether Weekend Market Analysis Happy weekend, brothers! The cryptocurrency market has plummeted due to the war between Israel and Iran, with Bitcoin dropping from 110,000 to around 102,000, a nearly 10,000 point decline, while gold has seen a significant rise. Back to the chart, after Bitcoin's last drop to around 100,000, it quickly rebounded. This time it dipped to around 102,700 again, so the support between 100,000 and 102,000 for Bitcoin is very important. If it breaks below, there is likely to be a significant washout, first pulling the bears to a state of panic, and then reclaiming profits from the bulls. Therefore, the support around 100,000 for Bitcoin is crucial! Ether's recent movements have been characterized by sharp rises and falls, becoming increasingly wild. It is not appropriate to short at this position; there is support below. Try a long position around 2,500 with a small stop loss; it’s worth taking a gamble at this level.
At night there was a big waterfall, when I woke up after chasing too many, the positions were gone, and the principal was also gone. Recently, there have been quite a few market movements in the middle of the night! I mentioned during the day that the bullish momentum for Bitcoin has weakened. You should still trade Ethereum with a light position; if your position is heavy, you won't be able to handle it! $ETH #加密圆桌讨论
Bitcoin and Ethereum Today's Market Analysis Bitcoin has risen to around 110,000, and the bullish trend is starting to weaken, with pressure concentrated around 110,300. This position remains quite strong, so everyone should avoid blindly chasing highs for now; those who prefer to go long should wait for a pullback in Bitcoin. To lift Bitcoin at 110,000, a significant amount of capital is required, while it only takes a second to drop! Ethereum's monster has emerged; while Bitcoin remains stagnant, Ethereum is soaring. Those who bought Ethereum at 1300 have already doubled their investment. Everyone is criticizing Ethereum as the worst, yet this recent surge has left you feeling overwhelmed! Ethereum is just like that; it's quite volatile and not as steady as Bitcoin. When Ethereum drops, it doesn't rebound; now that it's rising, it also doesn't pull back. If you lost in this wave, consider it a learning experience; in the next wave, you'll have gained experience. Given the current trend of Ethereum, do not go against the trend and short it. At the moment, many retail investors are shorting Bitcoin and Ethereum, making it difficult for prices to drop. The upper pressure for Ethereum is still seen around 2820 to 2850. After Ethereum broke through the previous volatility range, there was a huge surge; now it has also broken through the volatility range. Will it be the same as last time? $BTC #美国加征关税
Bitcoin is surging strongly, and the bears are stunned! Bitcoin dropped to around 100,000, quickly rebounding, reaching up to around 110,000, with a rise of 10,000 points. Long positions missed out, while short positions are stuck. The shorts have almost faced liquidation of 4 small targets, the bears are really stunned. This wave of increase was indeed unexpected; all I can say is, it still has to be Bitcoin! Reviewing the previous candlestick chart, Bitcoin quickly fell from around 109,000 to about 105,000, forming a large bearish candle. Today, it is around 105,000, and also quickly rose up, forming a large bullish candle. Therefore, Bitcoin needs to continue to rise and must stabilize around 109,000; if it stabilizes, we can consider entering long positions, otherwise, we won't easily enter long. Short positions can also be entered, with stop-loss at the previous high of this spike. It is still recommended to enter small positions or observe, waiting for Bitcoin to spike upwards again before entering short positions. The intraday resistance for Bitcoin is around 110,600. Ethereum is fluctuating between 2730 and 2380, back and forth. Those who understand box trading have enjoyed these moves. The short positions around 2730 in Ethereum were also suggested for layout; those who entered should remember to set a trailing stop-loss to eliminate risks in this trade. The candlestick chart below is for your reference! $BTC $ETH #比特币走势观察
What will be the follow-up trend of Bitcoin? Good evening, brothers. Bitcoin has surged again. Currently, Bitcoin has broken through the pressure around 1,067,000 and has reached the upper band of the four-hour Bollinger Bands, while the daily line has broken through the middle band. This wave of Bitcoin's rise is very similar to the trend in January, when Bitcoin formed a double top around 108,000, and the situation turned bearish, dropping all the way to around 74,000. History is always remarkably similar, so will this wave of Bitcoin also start to turn bearish after reaching near new highs? Moreover, the recent drop in Bitcoin trapped many people, with many starting to short as Bitcoin rebounded to around 102,000 and 103,000, and they are now holding their positions. The next resistance for Bitcoin is around 109,000, then up to around 110,500, and beyond that, it will reach new highs. Those who shorted around 106,700 can add a position at 109,000. Ethereum is now also approaching the resistance level around 2,450, let's see if Ethereum can break through strongly. The next resistance for Ethereum is around 2,650, then up to around 2,730. If Ethereum still comes to this position of 2,730 later, one can still consider entering a short position, starting with a small position and adding at around 2,830. The chart below is for your reference! #看懂K线 $BTC
Happy Weekend! Happy Weekend! The weekend hasn't shown much fluctuation, just a few hundred points back and forth, not worth trading. After five days of topping out, it should be exhausted and ready to go out and spend. The cryptocurrency experienced a drop to around 100,000 but quickly rebounded, indicating that the bullish sentiment in the market remains strong. The support at 100,000 is still robust. Therefore, the opportunity for the cryptocurrency is around 100,000, in the range of 102,000 to 100,300, to set up long positions, with a stop loss if it breaks below this level. The pressure above for the cryptocurrency is around 1,067,000; you can set up short positions in this vicinity, and similarly, stop loss if it breaks above. If you're aggressive, you can short now with a light position; if it goes up, add more, and stop loss on a breakout. The opportunity for Ethereum long positions is in the range of 2,450 to 2,380; this range is where you can set up long positions, with pressure above at 2,550, 2,600, and 2,650. Currently, the oscillation range for Ethereum is between 2,730 and 2,380. Without a breakout or a drop below this range, the closer you get to the upper boundary, the more opportunity there is to short, and the closer you get to the lower boundary, the more opportunity there is to long. If you can't hold, control your position size; for example, if you usually open 10, you can open 2, so you can hold on. The reference chart is below! $BTC $ETH #非农就业数据来袭
Market trends are forming, and short positions are once again secured! Waking up to find that both Bitcoin and Ethereum short positions have disappeared, automatically taking profit. Another delightful day. As mentioned in previous articles, the community will focus on short positions in the coming days, and the big players are also showing consideration. The reason for the drop in the early hours is the public spat between Trump and Musk, with both sides tearing into each other. The last bullish market was also orchestrated by them, and this drop has arisen from their conflict. In fact, after such a long rise, the market has become weak and needs a correction to calm down and build momentum for the next rally. Recently, it seems that any technical analysis has had minimal effect; it's hard to explain... I wonder if Bitcoin has a hundred thousand protection mechanism; it was just about to break down but has now rebounded over two thousand points, with a target of 104,000 for the rebound. If it doesn't stabilize there, it will continue to head south. Support for Bitcoin is seen around 95,700 to 97,700, with further support around 93,000. For today, let's not rush into shorts; let's watch the rebound. If Bitcoin V-bounces again, that could be detrimental for you. Ethereum hit a low of 2,380, with resistance around 2,500. Today, we will see if it can hold above 2,450; if it can't, it will continue to move down.
Continue to oscillate and grind, or is it a precursor to a big market trend? Bitcoin has been oscillating, and the last wave just happened to reach the resistance level around 106700 that I mentioned before. We also set up short positions around this area and have already taken profits on half. The current position is difficult for both long and short; they are still fighting without a clear winner. In such a market, there is no need to trade; at most, you can make a few hundred points, but the stop-loss risk is still very high. A small spike can easily hit your stop-loss, and then you won't be happy about it. Ethereum is slightly stronger; our long positions set up around 2500 have all taken profits. I previously provided Ethereum's positions in the article. Ethereum, don't rush to short it now. Altcoins have generally weakened; you can attempt to short during a rebound. Today's Bitcoin upper resistance 105800 106700 Lower support 104000 103700 Today's Ethereum upper resistance 2650 2730 Lower support 2580 2500
The list of Ethereum for everyone on the Dragon Boat Festival is now showing over a hundred points of profit. Frequent trading is a big taboo; those long-term profitable traders are the ones who gamble at relatively key points, waiting for a suitable risk-reward ratio before taking action. It's not about going short when the price rises and going long when it falls; such operations can only mean that you are not suited for this market. The resistance for Ethereum is around 2650, and above that, it's around 2730. When it gets to around 2730, you can try to enter a short position, set a stop loss, and once the stop loss is triggered, stop trading and observe the trend. #加密市场反弹 $ETH
Happy Dragon Boat Festival, may you become wealthy this Dragon Boat Festival! May has passed, regardless of whether we made money or not, it's all behind us. Let’s welcome a brand new June, review the gains and losses of May, and start making profits in June! First, I wish everyone a happy Dragon Boat Festival! I wish everyone good health, profitable contracts, and substantial gains in spot trading! Back to the market, the overall market has started to weaken, and the rebound lacks strength, Bitcoin. If Bitcoin cannot rebound above 106,000, it is very likely to continue its decline. Currently, Bitcoin is looking at the range of 102,000 to 101,000. If this range is broken, please execute a stop-loss on long positions, and don't consider entering long positions anymore. Of course, the range of 102,000 to 101,000 can also be a gamble for long positions, with a 1,000-point stop-loss, which also has a good risk-reward ratio. Currently, those with short positions in Bitcoin can continue to hold. Ethereum has also reached the bottom of its fluctuations; this position is certainly not suitable for short positions. Let's wait until it breaks down before entering short. Near 2,500, we can gamble on long positions, add to the position at 2,450, and set a stop-loss at 2,400. There hasn't been much fluctuation over the weekend, and pushing the market is meaningless; let's wait for the evening! #特朗普媒体科技集团比特币财库 $BTC
Take half of the short position profit, leave the rest to time. The support below the big coin is around 102000. If you want to go long, consider it only when it reaches this level. If it breaks down, just short it. If you can't hold the position, just set your take profit and stop loss, and execute it strictly.
Bitcoin and Ethereum Today's Market Analysis Bitcoin has begun to show signs of a pullback, having also broken below the support near 106700. The upward trend has been broken, with the 4-hour high points continuously decreasing. Today, we expect a rebound; if the rebound lacks strength, it is very likely to continue downward. Bitcoin has slightly declined, while altcoins have dropped significantly, so when Bitcoin falls, look for altcoins to short. Ethereum had a false breakout around 2730, and this morning it even dropped to around 2550. However, Ethereum is still in a bullish trend; the key support for Ethereum is around 2450, and if it breaks below that, it will turn bearish. A pullback to this level could also be an opportunity to enter a long position. The support is between 2500 and 2450. Currently, it seems that a big market movement is on the way after so many days of consolidation. In the next few days, I will mainly focus on short positions. Today's resistance levels for Bitcoin are Around 106700 and 109000 Today's support levels for Bitcoin are Around 104500 and 102000 Today's resistance levels for Ethereum are Around 2670 and 2730 Today's support levels for Ethereum are Around 2550 and 2500 $BTC $ETH #加密市场回调