Why do we need to look at the 4-hour, 1-hour, and 15-minute candlesticks in the cryptocurrency market?
Why do we need to look at the 4-hour, 1-hour, and 15-minute candlesticks in the cryptocurrency market? Eight years ago, when I first entered the circle, I always focused on the 1-minute chart. Whenever I saw a trend forming, I immediately jumped in, but a few minutes later, a pullback would trigger my stop loss. After several repetitions, I lost dozens of thousands, and I was just about to give up until I met a senior who told me that my problem was focusing solely on one timeframe. It was then that I had an epiphany. Did any of you experience the same? So today, I will talk about my commonly used multi-timeframe candlestick trading method, which consists of three simple steps: grasp the direction, find the entry points, and determine the timing. (I recommend liking and saving this to avoid losing it later) Here’s the good stuff:
What is this back-and-forth fluctuation brewing tonight?
First, let's look at the BTC trend: Last week, it dipped to a low of 111,850, then fluctuated upward. Compared to Ethereum, the increase is limited, and there have been repeated liquidations. Today, after a surge to 122,450, it faced continuous pressure. Currently, it is still holding steady at the crucial support zone of 119,000-118,000. The sharp drop in the evening only indicates that the range fluctuation is likely to continue at the beginning of this week.
Why the fluctuations? Two major events this week are key variables: Tuesday at 20:30, the U.S. July unadjusted CPI data (inflation 'bomb', directly affecting market expectations for monetary policy); on Friday, the 'Special Trump Meeting' will draw global attention (Putin's visit to the U.S., the direction of the war, or escalation of conflict will all affect market sentiment).
However, the long-term logic remains unchanged: the main direction is still bullish. Bitcoin's pressure at 122,000 and Ethereum's pressure at 4,400 are merely adjustments. Specifically for BTC, in the short term, 118,000 is the dividing line for bulls and bears—rising from 111,850 to 122,450 constitutes the first wave of increases. If there is a rebound around 118,000 this week, it is expected to trigger a second wave of upward movement. If this level holds, there is no reason to be bearish.
Therefore, the BTC strategy is clear: buy on a pullback to 118,500-118,000!
Now looking at ETH: Tonight's extreme liquidation saw fluctuations of 150 points up and down, repeatedly testing market sentiment. However, reviewing the operations, the profits of several hundred points gained last week at 3,930 and over the weekend at 4,160 are enough to prove the validity of the bullish logic. So, after the one-hour level correction is complete, still be bold to go long; if the short side is hard to grasp, firmly wait for the long.
‼️ Follow me for free daily opening direction, no fees charged. The evening strategy for August 10 has been posted in my pinned update 💰 Recently made over 4.6 million USD‼️ Last month long positions 2110/98300 long + 2190/99600 long + 2500/107700 long now 3920/123000 made a profit of 3 million USD 📈 Last week 3355/112000 long position 4330/118500 made another 1.2 million USD‼️ On Wednesday 3550/113000 long + Friday 3780 long now 4330/118500 made another 1.8 million USD‼️ Last night 4150 chased long now 4330 made 300,000 USD in one night
‼️ For brothers who often incur losses and are not sure of the opening direction, and for beginners who do not know how to operate, follow me. I never analyze the market after the fact.
#eth##btc##sol##GateLive##Content mining, earn up to 10% commission #ETH走势分析 #比特币流动性危机
With little funds, don't rush in blindly. I just took a fan from 800U to 54,000 in 42 days, eating meat the whole way until I was full. You have less than a thousand in capital, and you want to get rich overnight? Stop it, you’re just a cash machine in someone else's game. When this fan first came, he was so eager that he wanted to rush into everything. I directly scolded him awake - separate the money first, it’s more important to stay alive than to make money. We only make moves we are sure of, and we don’t touch choppy trades. When the market moves, we strike, and if something feels off, we get out immediately. On the first trade, I made 100U, and on the second trade, I used that 100U as bullets to roll, increasing my position gradually, and I became more stable. The most memorable time was when others were arguing about going long or short. He wanted to follow the trend, but I told him not to move, wait for the signal, and when it comes, we step in and take the whole segment, while others get liquidated, we take profit and collect our money. Many people are most anxious when they have little capital. They buy at the bottom today and cut losses tomorrow, making it messier and messier until they go completely broke. My approach can be summarized in three points: Stability, Control, and Taking Profit. Doubling the capital is incidental; the core is to stay alive and continue to eat well. If you really want to turn things around, don't go against the market recklessly. The market won't take care of the impatient; if you're late, you'll have to wait for the next bull market.
BTC: The short-term key support area is in the range of 1161/1163. Given that recent prices have easily pierced through, the stop loss can be placed at the low of 1158 from yesterday. The key resistance on the upside is in the range of 1176/1181. Once broken, there will be a significant resistance in the range of 1200/1202. Overall, BTC remains in a strong bullish structure. The consolidation here leaves opportunities for other altcoins, and the trend is not yet complete. In trading, BTC is primarily bullish.
$Auntie Big Breakthrough!?\n\n$Auntie has finally broken through the huge green bullish flag handle and has moved upwards.\n\nThe price trend has just exceeded the pink W bottom trigger line, which is the double bottom reversal pattern.\n\nThe price trend may be about to welcome a frenzied bull market rebound.\n\n$Auntie Targets\n1) $4,089\n2) $4,410\n3) $6,383\n4) $6,704\n5) $6,910\n6) $7,054\n8) $8,483\n\nThis rebound is hard-won... This will ignite a massive moon flight for altcoins!\n\nThe next phase of Altseason is about to arrive!\n\nNFA, DYOR ⚠️\n\n#ETH #Cryptocurrency #交易认知 $BTC
Data Analysis: According to the current market clearing map, the market is largely dominated by bulls. Based on the current Bitcoin price of around $117,000, if the market fluctuates up or down by $2,000 and rises again to around $119,000, the expected cumulative amount of shorts that can be cleared is about $1.3 billion. Conversely, if the market drops to around $115,000, the expected cumulative amount of longs that can be cleared is about $1.355 billion;
According to the current Ethereum clearing map, the market is currently largely dominated by bulls, based on Ethereum around $3,890. If it fluctuates up or down by $100 and rises again to around $3,990, the expected amount of shorts that can be cleared is about $660 million. Conversely, if Ethereum drops to $3,790, the expected cumulative amount of longs that can be cleared is about $1.08 billion.
The net inflow of funds for Bitcoin spot ETF yesterday was $121 million, and for Ethereum ETF, it was $115 million.
Market Opinion: Market Direction: Bullish. Last night, Trump signed a favorable message allowing U.S. pensions to enter the cryptocurrency market, which directly caused the market to rise. Most altcoins, including Ethereum, also moved upwards. From the latest market trends, the overall market is still in a consolidation phase on the 4H chart, but I personally believe that this favorable news from last night has driven market sentiment to become more positive and active, and it can continue to rise. Therefore, it is suitable to adopt a buy-on-dips strategy.
Subscription Benefits: Welcome everyone to subscribe and enjoy early deployment together. There are also contract strategies for ETH and SOL with the subscription, so don't hesitate, take action and subscribe now~#ETH巨鲸增持 $BTC
Registered users for more than a month, the commission received today has almost exceeded 30,000 USDT. To put it bluntly, many people work hard for a year and earn less than the commission refunds. You think you are losing out because of the market, but in fact, what you are losing is the hesitation to start receiving commissions. 🔁 Contract users must configure commission refunds, now supporting existing users to activate them at any time. Hurry up and find out.