Currently, the short-term cycle indicates a short position; those with short positions should maintain them, but must definitely set stop-losses to manage risk. If there are no short positions, one should wait for a rebound before entering. Key point: if it does not return above 108500, hold firmly. Never chase a short position, it will lead to losses.
Never ignore risks; destruction begins with ignorance. #美国加征关税
The market is in a high-level sideways consolidation, note that it is a high-position sideways fluctuation without direction, with a focus on going long in smaller timeframes. Key technical points are the 4H and daily/weekly charts, which show sideways movement, while the 1H and lower timeframes should focus on going long. The left-side previous highs are 110600 and 112000, which have a probability of reaching these two levels. The long/short boundary for 1H is 108500; if it breaks below 108500 and does not return, then one should go short. However, if it breaks below and then comes back above this price, one should abandon the short position and maintain a long position, or stay flat and not trade. No short positions should be taken unless this level is broken.
The key points for Ethereum are at 2550 and 2525; as long as these stop levels are not broken, the focus should be on going long.
Follow the trend; the trend is king. This rise is occurring in 1H and lower timeframes. Currently, do not have too high expectations; the risk increases as the price rises, and of course, do not shy away from going long just because the price is high, and definitely do not easily go short. Just remember the key positions.
Always prioritize risk; when you ignore risk, it is the beginning of destruction. Stay cautious.
In summary: the direction for 1H and lower is long, but the position is not ideal. Enter when there is a correction to the right level in smaller timeframes, and always set a stop loss. If a key position is broken, then change the trading strategy.
Personally, I am currently holding a BCH short position with a good stop loss. Good night #美国加征关税
Outstanding traders in the market are often as calm, precise, and ruthless as eagles.
Fast -- Quick decision-making and decisive execution.
Accurate -- Only take high-probability opportunities within high odds, without making random moves.
Ruthless -- Dare to hold positions when profitable and decisively cut losses when at a loss.
Currently holding a long position in BTC, with the long-term trend in sideways fluctuations; don't have too high expectations, it's just a swing. #加密市场回调
In the past ten days, the market has been in a sideways fluctuation, with no particularly obvious trading opportunities. The day before yesterday, a short-term opportunity for a short position appeared, but it was only a mere 1500 points of space. I believe that during this period, many people must have been trading frequently, losing their direction—going long when the market drops, going short when it rises, and after losing, the market reverses. This kind of torturous market makes one want to curse being targeted by the market manipulators.
Returning to the market, I have a short position in BTC for short-term trading, currently mainly holding a short position of $BCH , which I have reduced. There is a need for sideways adjustment. The big coin (BTC) is in a sideways fluctuation on the 4-hour chart and above, with no trading opportunities. Whether there is a downward trend on the 1-hour chart depends on whether the current rebound can break above 106300; if it doesn't go down, there is no downward trend, but if it doesn't break, there is a chance. So, should we participate in the smaller 5-minute long positions? The answer is either to hold cash or to try with a light position; if it doesn't work out, one must exit. #美国加征关税
When you can stay out of positions or even miss opportunities, and do not chase those that do not align with your trading system, you will realize that trading is actually this simple.
Those trading experts may not know more than you think, and they certainly do not understand the market better than you; they just have better control over their impulses.
And this is the essence of trading; it is truly that simple, simple enough that you knew it from the start, but at that time, you did not understand or believe it. Knowing and understanding, then believing, requires a process, but what a price do we have to pay to achieve that.
Trading experts better understand staying out of positions, know when to stay out, and are better at controlling their restless hands.
I haven't updated in the last couple of days because there's not much to write about; everything other than Bitcoin and BCH is relatively weak. In the chaotic fluctuations, many trading enthusiasts are tirelessly involved, and looking back, the principal has decreased. Why bother? I do not participate in sideways markets; the reason is simple: the risk is too high, there is no direction, it violates my trading system, and more importantly, the odds are not favorable, which can lead to losing sight of the true direction. Create a sustainable trading lifestyle, moving from impulsive trading to a rhythmic, planned, and bounded practitioner. First, ask yourself: Can you integrate trading into your life, rather than being consumed by it? Do you live for trading every day, or do you use trading to serve your life goals? You cannot make trading everything; otherwise, you will eventually be consumed by emotions and anxiety. Those who can trade stably for the long term manage trading as a 'profession,' not as an emotional outlet. Trading is not about becoming a monitoring machine; we should live for trading, not live for trading.
$BTC Morning Insights Daily, 4H expected to range and oscillate, both long and short are possible
1H has transitioned from a decline to an increase
15m is rising, as long as it doesn't drop below 102700, it is still rising
5m has transitioned from rising to ranging, currently no trading opportunities
Conclusion: We have entered a range oscillation zone, both long and short are possible, but not advisable due to poor position, difficult stop-loss control, and unknown amplitude.
I closed my short position last night, and during the night, I chased two long positions, currently holding one long, but the position is not good, temporarily resting and observing the trend. #加密市场回调
The weekly K-line shows a rising trend with high-level fluctuations, indicating a possibility of forming a peak.
The daily K-line is in a rising trend with horizontal consolidation, potentially forming a double top or flag pattern adjustment. Currently, it should be treated as consolidation.
The 4-hour chart is in horizontal fluctuations. Last night, it broke the left-side low point. Currently, it is retracing to the left low. The effectiveness of this position needs to be observed, with two possible scenarios: 1. If it continues to drop, there could be a reversal possibility. 2. If it returns above the left low, there is a chance of forming a buy point in the consolidation; attention should be paid to the upward strength in the next cycle.
On the 1-hour chart, the downtrend has not seen a reversal. Currently, any upward movement should be treated as a rebound.
On the 15m and 5m charts, there is upward movement, but the space won't be particularly large. It is not recommended to chase after the rise. The current structure and shape are not complete, so operation is not advised.
Personally, I still hold short positions and reduced my positions last night. If it continues to drop, I will add back the reduced positions. If it goes up, the profit-taking will be limited. Currently, it should consolidate. Under good risk control, wait.
$BTC Evening View Continue to hold short positions, remain bearish, and adjust the stop loss to the opening position. It is advisable to reduce a portion of the position now. Do not easily change direction. Also, do not easily go long. I am still holding short positions.
If anyone has made money from shorting because of my post, or sold at a high spot price, please leave a comment, I want to see if anyone is watching my stuff. If there is only one person, I will feel gratified; if there is none, I will have completed my mission. #加密市场回调
$BTC $ETH Today's Viewpoint: Yesterday, Bitcoin and Ethereum saw a small breakthrough in a minor cyclical pattern. I first went long, then closed my long position, and the entry was quite good. I later opened a short position, which I am currently holding, and I can post my order soon.
Let's talk about Bitcoin first. It is in a sideways consolidation during a 5-minute downtrend, with the minor cycle having broken downwards. The support is at the lower bounds of the sideways oscillation zones on the 1H, 4H, and daily charts. Two possible scenarios: 1. If the minor cycle downtrend can transmit to a major cycle breakdown, could this trigger the start of a downward trend in the major cycle? This needs time to verify. If a large bearish candle breaks the 101,000 level, it could trigger a significant drop or a quick rebound after breaking down, forming a flag pattern. 2. If the current support in the major cycle holds, and the downward strength in the minor cycle weakens without breaking the support, it may continue to oscillate. In this case, the 5-minute minor cycle could reverse and rise, closing all short positions. Conclusion: Continue to hold the minor cycle short position, with a stop loss in place. It is crucial to closely observe the upward and downward breakouts of the sideways consolidation in the minor cycle for subsequent positions or trading directions.
Ethereum: The lower bounds of the 4-hour sideways oscillation zone have not yet broken, providing support. One can reduce part of the position. The 1H and lower cycles are transitioning from a downtrend to sideways; it is essential to focus on the structure or direction of a sudden breakdown in the 5-minute chart, which will be the main trading direction moving forward.
We are currently at a turning point, which is also a critical point for switching between long and short positions. Do not guess the direction or gamble; the success rate is only 33.3%. Maintain good risk control and patiently wait. This is a major cycle transition point, which requires time. Of course, regarding Bitcoin, risks still exist, and this viewpoint has not changed. #加密市场回调
$BTC The small cycle triangle has broken out, focus on buying on the pullback, the large cycle is sideways, and don't have too high expectations for the target. #我的交易风格
$BTC Today continues to oscillate sideways, overall weak. I still hold short positions, but have reduced my holdings by some.
All timeframes are in sideways movement, with no good trading opportunities. Try to maintain a cash position and wait for effective breakthroughs and breakdowns, as new directions will emerge then. However, at that time, trading may be intimidating due to price concerns, which is a result of human fear. But please forget about the price, as that will be your best entry point. Beware of price spikes. #币安Alpha上新
The previous post mentioned a key price point, so continue to hold short positions. Currently, the primary strategy is to maintain short positions. Daily K-line is consolidating at a high level, 4H is consolidating with a bearish bias, watch for the formation of a death cross. 1H is in a downtrend but has not broken the level yet. 15m and 5m are showing a downward trend.
Summary: The major cycle is primarily oscillating at a high level, during which both long and short positions can be taken. The minor cycle is mainly focused on short positions; currently, I am holding a short position with a stop-loss set at the opening position to minimize risk while seeking greater opportunities. #Strategy增持比特币
$BTC Currently, the large cycle is in a sideways movement, the small cycle has broken through, and we should go long on the small cycle pullback. Key point: If it returns within 106000, then the long position is invalid, exit and continue holding the short position. If this situation does not occur, continue to hold the long position #Metaplanet增持比特币 .
Continuing to oscillate sideways, no trading opportunities, mainly in cash positions, small fluctuations in the short term, but prone to losses. #美国加征关税
17480278062 Today's Viewpoint: The market is primarily volatile. The space for both long and short positions is limited, and things will move very slowly. If you have high-level positions, you can hold on a bit longer. If you have no positions, try to stay out of the market. I am currently still holding short positions.
Golden Advice: Know when to be greedy and when not to be greedy. Recently, I came across a saying that is quite good and worth contemplating: "If the public does not cross the river, why does the public cross the river? To die crossing the river, what can the public do?"
For the market: When you can feel the wind, when you can sense the direction, that is when you should be greedy; When there is no wind or you cannot feel the wind, when there is no direction or you cannot sense the direction, that is when you should not be greedy.
For individuals: When you have a mature and efficient trading system, that is when you should be greedy; When you know nothing, cannot do anything, and do not even understand the most basic indicators, or cannot comprehend the most basic candlestick patterns, that is when you should not be greedy.
For funds: When you have enough spare funds that do not affect your living, that is when you should be greedy; If the little bit of money you have is for survival, for retirement, or for meals, you do not even have the qualification to be greedy!!!
In short: If you have some spare money, some skills, and trading logic, and the market presents opportunities that you can see and understand, just go for it. Conversely: If the money is for survival, and your skills and trading logic are insufficient, and you cannot see or understand the market's direction, opportunity, or risks, then meeting any condition means you should not be greedy.
As for what comes next, there is no need to fantasize, just perceive. After the broad decline yesterday, it does not matter whether the market will continue to fall to release risks or consolidate to resolve risks. What is important is that after the adjustment, there will definitely be new opportunities and rhythms; just observe carefully. That is: the market will inevitably be reshuffled, and funds will face choices again. If you cannot see the funds' aggressive stance, do not foolishly rush in. The difference between bottom fishing and self-destruction lies in whether the funds have moved; if you move first while the funds remain inactive, the ongoing decline will bury you. It is better when the funds have moved and you act. This movement of funds refers to when you see the funds entering with an aggressive posture and focusing on a direction. This is also about following the trend, following the trend of the funds. The attitude of the funds is greater than your attitude, and the choices of the funds are the most direct factors of opportunity and risk.
The two most important aspects of trading are, first, grasping opportunities, which relies on the judgment of market strength and weakness, the perception of capital flow, and the application of corresponding trading patterns. This is not difficult to master. The second aspect is risk control, more precisely, managing capital drawdowns to avoid large losses. Failing to do this can render all efforts futile. To excel in this, one must firmly suppress their feelings of luck and fantasy. The biggest advantage of retail investors is their agility; positions can be extremely flexible, and responses to trades can be quick enough. However, if this unique advantage is not utilized well, retail investors are no different from sheep being slaughtered in the market. For swing trading, it is essential to follow trends, while for short-term trading, it is different; when the market clearly breaks, many people have already faced deep losses. One needs to be sensitive to market styles, sector rotation, and market sentiment. By combining trading patterns and position management, one can achieve a better grasp of opportunities and more effective and timely risk avoidance. However, market opportunities and risks are constantly transforming. When adjustments are sufficient, or risks are released and digested, new opportunities will present themselves. Just follow and observe!
$BTC $ETH Now there is a need for a rebound followed by sideways volatility; both long and short positions are possible in the short term. The long-term trend is weak, as we are in a risk phase, and at least the risks still exist, so holding mainly short positions is advisable. Many people previously shouted that prices would rise to certain levels, but now there is no sound from them. Maintain your own trading rhythm, manage risk well, and surviving is the way to go. #加密市场回调 #美国加征关税