Are you crazy? Where to take profits? Where can we bottom out?
As mentioned yesterday and the day before, it meets expectations, right? Just a bit more and we are there! We are only about thirty to forty points away from the target.
If you don't believe me as a brother in your heart, it doesn't matter how many times I say it.
It's still not the time to bottom out; the current view is still short-term bullish, and we are not considering left-side trading, only right-side trading.
When can we bottom out? For example, when it breaks through some key levels, breaks the trend line and makes a higher high, and retraces without breaking a lower low, that's when we enter the market.
The market won't reverse all at once; don't trade based on your assumptions $ETH #加密市场回调 $ETH
The short position opened in the morning is currently profitable by 62%. Where will it go? If it reaches the target, it will profit by 118%.
In the morning, I broke even after a loss, then opened another position. If it meets expectations, I will look at a 1:1 target near 4088. Currently, I have taken profit on half of my position, and the rest will depend on how the market moves.
I prefer low leverage and low multiple compounding, so I do not have hundreds or thousands of percent floating profits like others do.
8.19 Ethereum Market Analysis, Reversal or Bounce? The Market Tells the Answer
From the 15-minute chart, I personally do not have high hopes for this rally; I can only say that what we are seeing is a continuation structure, and there is a very clear bearish wedge that has broken down, allowing for a bold short entry
8.18 Ethereum Market Analysis, Finding Answers in the Market
As mentioned yesterday, I advise everyone not to chase rebounds; it is currently not the time to bottom out. The current view is short-term bullish and long-term bearish.
Often when the market crashes, many people are thinking about where they can buy the dip. I want to ask you, why not do what the market is doing instead of going against it? If you can't beat them, join them; trading is about being flexible. What you should do is look for opportunities to position your short trades.
Currently, the area around 111880 can be seen; I will still short on the rebound $BTC $BTC
From the market perspective, I am more inclined to be bearish; currently, it seems to be in a consolidation zone.
So we can lock in the upper and lower boundaries and wait for trading signals to short.
Is it currently breaking through the upper boundary of the consolidation zone? If it falls back, can we short downwards with the stop loss placed at the breakout high?
Ethereum Market Analysis, What Should We Do Next? Looking for Answers on the Chart
From the four-hour level, the fifth wave has completed and is now in the ABC wave, so my view is a rebound short. I think it would be better not to chase the rebound and to go with the trend!
From the market perspective, there has been a consolidation area at the 2-hour level which has formed a triple bottom. This consolidation area allows for self-directed high sell and low buy within this range. #ETH Follow me for daily market analysis! $ETH
Breakthrough resistance around 104830 looking at 106600 to 107000
Currently only looking for a rebound, unless Bitcoin stands above 107000, everyone can observe around this area and consider opening left-side short positions.
Let's take a look at the market, resistance near 1680 above, breaking and stabilizing will look towards 1760 above
Support near 1612, going down... The current view is bullish, pullbacks to key positions are worth betting on, the lines drawn in the chart can be used! Everyone also remember! Trading is not 100%, everyone should strictly manage their positions and set take profit and stop loss!
Where are the most worthwhile positions for left-side betting on long positions for Bitcoin?
Let's take a look at the market. Currently, the positions worth betting on long positions are around 83800 and 83000.
The upper take-profit levels are around 84580 and 85500, and then we look at the high points shown in the screenshot above, with 88200 further up.
The positions have been given, and you can develop your own specific strategy. Everyone has different habits and preferred points for betting.
Remember, trading is never a hundred percent certain. Manage your positions well, and strictly set stop-loss and take-profit levels! #MichaelSaylor暗示增持BTC $BTC
Does everyone think this is the fortune coin of the army?
Other coins go down quickly and up slowly, but this one is rather rebellious, going down slowly and going up faster than anyone else. Other coins might rebound a bit, but it directly has big green candles. Truly worthy of the Three Illusory Gods!
This structure just asks you if it's fortunate, do you agree?
It's not that there are no imitation seasons, it's just that the coin you chose doesn't have imitation season $OM
The old lady (Ether) climbs the stairs, but the higher she climbs, the lower she goes!
From the current market perspective, it is in a consolidation zone, the upper line is the upper boundary (resistance level), and the lower boundary (support level)
Do you see that the old lady is climbing the stairs, but the higher she climbs, the lower she goes?
Actually, there’s not much to analyze, but going up a bit can still yield a profit of over a hundred points!
Note: Its high points are decreasing, and the reason for climbing lower can be understood by looking at the changes in trading volume each time she climbs the stairs.
This situation can easily lead to a shakeout behavior!
The above is all personal opinion and for reference only! $ETH
Trading only from the market perspective, let's take a look at the overall market together!
From the 4-hour chart, we can see that the highs are decreasing, as highlighted in the boxed area.
Moreover, it is in a downward channel, and we can clearly see that the buying volume is less than the selling volume.
As for whether the second test can hold or create a new low? Everyone can discuss in the comments section!
This is my personal opinion for today, just for your reference!
Regardless of going short or long, strictly managing stop-losses and position sizes is the most important. Don't get carried away with contracts! $BTC #微策略募资支持比特币战略
I say you are not really angry, you also think it is bad!
Are you still spending money to find a strategy? In fact, the market has already told you
From the current market, it is in a slowly downward channel. If you want to rise, you must break through the upper boundary with volume!
Upper resistance and lower support, you can find entry opportunities yourself!
Whether you are shorting or long, strictly stop loss and do a good job of position management, you can live long, brothers who do contracts, don't get too excited!