凡逆

I opened a position at 2726, and it dropped afterwards. I optimistically thought it would definitely break the previous high, and once it broke the previous high, wouldn't it be just a moment to reach 3000?

I didn't expect that Ethereum would drop all the way down. I added to my position halfway and averaged down to 2703, and the liquidation price came to 2486. I panicked. When I opened the position, I set my stop loss around 2626, which was its starting point of rise. I knew very well that if it broke below this point, then the trend would reverse, and I shouldn't be bullish anymore.

Human nature is so indecisive. I actually canceled the stop loss at 2626. I thought it would definitely reverse, but it dropped even harder. In the blink of an eye, I lost half of my position. There's no way around it; based on past liquidation experiences and Murphy's Law, what you worry about will definitely happen... I made the tough decision to cut my losses...

Trading is against human nature. Even if it's hard to let go, even if it hurts, if you're wrong about the direction, don't stubbornly hold on.

Find a way to survive, then there's hope for a comeback. Sure enough, today it dropped to the liquidation level of my previous position. If I had stubbornly held on, I would have received a forced liquidation email this morning. If I had chosen to add margin, I would have had a sleepless night, mentally broken.

So for my own sake, in the future, if the loss on a position exceeds 30%, which is this psychological limit, I must cut losses...

What is the essence of trading?

I have been trading cryptocurrencies for almost a year, I have been liquidated once when shorting Bitcoin, liquidated once when bottom-fishing Ethereum, and when chasing Ethereum after a surge, I had to painfully cut my position by half when my account faced a crash.

I was once lured by those chatty people on Douyin to buy Pixiu coins and had also purchased a membership, crazy cuts... People are as their names suggest...

Contract Trading:
First: Do not hold onto losing positions; if losses exceed 10-30%, you must strictly set a stop loss. Do not hold onto losing positions, do not hold onto losing positions, and do not attempt to average down your cost; it is very dangerous. In case of a black swan event, unless you have unlimited bullets, you will definitely get liquidated. Do not put good apples in rotten baskets; being alive has infinite possibilities.

Second: Do not chase after surges, do not chase after surges. When you see a coin suddenly soaring at a very fast pace, do you think the market is starting to rally? Haha, it’s not; that’s just the market maker trying to trap you at the peak. At this time, you must think in the opposite direction. If you can’t resist the urge to go long, why not look for an appropriate time to go short instead?

Third: Before a real big trend starts, there will always be a consolidation phase, washing out the weak hands. At this time, it is best not to participate. When the market suddenly starts, and a green candlestick breaks through the highest point of the consolidation range, do not hesitate, go in more and then hold your position. Set your stop loss below the four-hour candlestick and move your stop loss.

If you feel the market is going down, then short Ethereum, it will drop faster!

Yesterday's daily candle closed bearish, 85000 remains the most important support level, if it breaks below 84400 there is another support level, and the daily outlook is bearish towards around 73800.

It could also be a range-bound movement, oscillating between 85000 and 90000, and after the washout, there might be another strong rally. $BTC

During the day it may drop, but in the evening foreign traders will push it up; around eight or nine in the evening, you can place a low-position long order, set an alarm for four or five points to wake up and close the position, then continue sleeping…

$ETH

The W bottom on the monthly level of $ETH is about to form! The upward momentum will be unimaginable!!!

It is still best to remain bullish.

The rise starting from 65000 is currently in the fifth wave and is about to correct, but it's unknown how much it will correct.

All technical indicators seem to have failed, so set stop losses and take positions cautiously.

At a glance, it's clear that we Chinese are the ones in charge, manipulating the market, going back and forth with the pins.

Pay close attention to whether these two root lines intersect; if they do, this might be the last opportunity for those missing out to get on board, with a potential surge of at least five thousand points or more, and vice versa, a drop of more than five thousand...

I lean towards a bullish outlook.

Tonight's trend is simply a nightmare for short-term trading! Constantly washing the plates. It's so disgusting.

$BTC
It feels a bit like reaching the peak, closely monitor for downward signals! The weaker it gets, the more likely it is to drop.

Is the big bull market officially starting? I can't even hit a stop loss of three hundred points... Charge, charge, charge, break new highs, we will see one hundred forty thousand!!!!

3 is the best entry point, provided that today must break through the high point of 69495. Enter when there is an upward pullback; this position basically has no fluctuations, and then it can soar all the way up to around 71835. Set the stop loss below the first v, be very careful, after all, the second test hasn't come yet. Once it goes up, move the stop loss below 3 to preserve capital.

It has reached around 68,300, and it may start a second exploration. It did not break the new low of 66,800 today, so this is the bottom! It is more, safer, wait for the double bottom plus the 4-hour MA golden cross, at least 5,000 points of increase can be seen, and the one-hour golden cross can at least see 2,500 points, move the stop loss...

When doing contracts, you must bring a stop loss. The stop loss should be within your psychological range. For example, if I can only accept a loss of 200 yuan a day, I will choose a market within 20u. The stop loss is placed above or below the intersection of the trend line. It is very cost-effective. When it goes up, move the stop loss and place the stop loss in a place where the needles are dense, or below the 4-hour K line. When I reach my daily profit target, I will close it and earn wealth within my cognition.

A good trend is like love. A good wife will not make you suffer. If you bear it alone, you will be very smooth and like a fish in water.

A bad trend is like a scumbag, making you scared and letting you bear it alone. You are afraid of being cuckolded and your wealth being defrauded. Such a wife must stop the loss in time. Deep affection cannot be exchanged for respect, but will only suffer greater losses...

It’s better to admit your defeat! Those who like to play hard either go in or go out...

Based on my previous experience of losses, when the loss reaches 10%, it is very likely to evolve into 20%, then 50%, then the last two-thirds of the principal, and then liquidation...

The opportunities are unlimited, but the principal is limited, so remember...

Draw a descending channel, with the bottom around 66830 and the top around 68300. Exceeding 68300 will break the descending trend, and we can look towards the upper boundary of the range around 69300.

I tried to place an order at 66831, with a take profit at 67780 to exit. Sigh, for someone like me in a regular job, earning a few hundred a day is already far more than most professions, I should be content.


Greed can ruin a person, one must always stay alert and take profits when they can.

It is once again in the triangle oscillation area, a showdown against the bears, suppressed by the downward trend line, supported by the upward trend line, currently the bulls have a slight advantage. Today it has surpassed the downward green candle, considered a stop-loss reversal. Surpassing the current candle's high point indicates a bullish trend, while falling below the current candle's low point indicates a bearish trend. There may be a big market movement after nine o'clock tonight!! Observing during the day, let the bullets fly for a while…

The ETH double bottom is forming, and the trend lines seem to be crossing as well. There is a potential daily W bottom pattern that is worth paying attention to!!! This wave might push up to 2800!

The rise without experiencing a bottom consolidation is frightening. Without a W bottom or an inverse head and shoulders, I dare not chase the rise. I have already returned to the daily line, and today looks bullish. There should be a second test of the bottom. For now, I will stay in cash and wait for a better bottom pattern to appear.

The best entry point should have a double bottom and a crossing of the four-hour trend line, which can at least yield a rise of five to six thousand.
Waiting is a relatively long process, but I only trade in markets I can understand.

If today the daily line recovers above 69000 and stabilizes, we should be bullish tomorrow. Go with the trend, do not take a stubborn short position, and do not take a stubborn long position.
We are merely speculators; profit-seeking is an essential quality we must possess!!!

How to determine the top?
First point: When rising to the second to last segment, the upward trend shows obvious changes, and the final peak is also very quick, and the decline is also very fast, which is a stop loss for shorting.

The top is usually characterized by a sudden price surge followed by a rapid drop. If the second surge does not reach two-thirds of the previous candlestick's position, or if it does reach it but shows as a dashed line, it indicates that someone is escaping the top. Three consecutive long bars can be seen as a top, and one must be vigilant. Eventually, it becomes weaker and after dropping below the trend line, it suddenly surges again but does not break the second high; subsequently, it becomes weaker, and this is the best time to short.

Second point: Clearly showing a drop of one or two points, but the market price hasn’t changed much, indicates that the main force is sneaking away, deceiving retail investors into taking over.

The third point is: There’s a lot of talk online about what BlackRock and the tens of thousands are doing, which is also a precursor to a big drop, luring retail investors into taking over.

Fourth point: The top must consolidate for a day, and the bottom must also consolidate for a day. We only need to catch the last segment to enter the market; if it consolidates downwards, buy the dip; if it consolidates upwards, follow the rise. Set the stop loss just above or below the last two candlesticks of the trend line; the real big trend will not turn back to hit your small gains.

Do not be afraid of sudden drops and rebounds; technically, this is a pullback at the neck line, and tactically, it is meant to scare you into taking profits quickly. If you are holding a position halfway up the mountain, it's still better to secure profits.

Do not move the stop loss arbitrarily; it is the fuse for your principal. Entering a position should have no regrets; if it hits the stop loss, just accept it. Do not immediately open another position; wash your face, give yourself a couple of slaps to calm down, reflect a bit, read a book, let your emotions settle. Opportunities are limitless, but capital is limited.

It's been three months since I started, and I've lost two-thirds of my capital.

I entered the market on August 5, and on the first day, I witnessed the spectacular moment of the BTC plunge, all the way down to 48,000! I didn't buy the dip! At that time, I was shorting with a three-fold position, and when it slid, I made about 400 bucks! I regret it, if I had opened a position with dozens of times leverage, wouldn't I be rich?

Later, I started the strategy of holding positions, which is 20% of my capital with 100 times leverage, and no stop-loss.

One day, I opened a short position at 59337, this number I will remember for life!

I watched it drop to 58,000 and didn't take profit, I thought it would continue to fall, but unexpectedly, the Americans released the non-farm payroll data that night! Damn Americans! Great news!!!?

Then I saw it rise from 58,000 all the way to 65,000 without taking a breath, and finally, it exploded in a moment by more than a thousand points, spiking to 64999, and then it fell back down.

Damn, I got liquidated at around 64,000, that night, I lost two-thirds of my capital…

My thought process was that it couldn't possibly rise more than 6,000 points in one day, at most two to three thousand before it would drop back down; facing the volatility, all I had to do was stay put, after all, it would fall back.
Then it was buying the dip at the top of the mountain, shorting all the way to the bottom, back and forth, severe losses, it made me furious.

Later, I started learning various things, even joined a membership group, those bloggers just casually talk, and it's my hard-earned money that gets lost! They feel no guilt at all.
Later, I realized that this capital is like my own wife; can you spend money to let others sleep with your wife and still cheer afterwards? Isn’t that just foolish?

Then I worked hard to improve myself, intensively learning about patterns, trends, and reading candlesticks. Later, when I reviewed that day again, I found that it was a head and shoulders bottom pattern, and I opened my short position at its left shoulder. If I don't lose, then who does?

At one point, I thought the exchange was targeting me, or it was destined to hit me, so I uninstalled it overnight and moved to Binance.

Actually, for a regular person like me, making three to five hundred a day is already something to be content with; people just can’t earn money beyond their understanding!

$BTC Bitcoin has no new highs, and it is about to start a big correction. I believe those charlatans on the Internet. I opened more than one at the high point, and I lost a lot of money, so I decisively stopped the loss.
I recovered half of my investment today. Tonight's market is a typical high-end shipment. Will the next plot be a rebound from 69500 ​​to 70800 and then a sharp drop to around 68300?

The bottom of this round is estimated to be around 57000...

It's just my personal opinion... No one can predict the future,