A good hunter must be a good waiter; USDT.D has already stood on the four-hour lifeline, and the trend signal is not far from appearing. Are you ready?
It has been in a sideways trend for 8 days. BTC has been within the red and blue range of the life line for a long time. In such an unclear market situation, waiting is the best choice. Although Bitcoin has not yet established a trend, its counter indicator USDT.D has now broken above the purple line in the lower chart. If it stays above in a 4-hour timeframe, Bitcoin will soon establish a trend. The good warriors of the past first ensured they could not be defeated, in order to wait for the enemy to be defeated. Standing undefeated and being good at waiting are necessary to win. The goal of investors coming to the trading market is to make money, and this is correct. However, what we must do first is not to make money, but to avoid losing money, that is, to first ensure we cannot be defeated. With solid fundamental skills, achieve a position of being undefeated and first ensure trading does not result in losses.
The big coin is still oscillating within this range, without a clear direction. However, from the perspective of USDT.D, this signal has just broken through resistance on the four-hour cycle. Whether it can continue, we need to observe further. If this signal maintains a bullish continuation, the big coin will move downward to generate a bearish signal.
Before the signal is completely clear, do not act rashly; leave the opportunities for confirmed signals.
When the signal is unclear, taking immediate action is like shooting randomly; it consumes your capital and exposes your targets. In a sniper battlefield, the one who cannot hold back is often the first to fall.
Good hunters must be good at waiting; the battle between bulls and bears is about to begin, be sure to wait until the signal is clear before entering the market...
Yesterday's market was very exciting, like a roller coaster with ups and downs. Even if you didn't hit your stop loss, you might have been startled and found it hard to find direction.
Yiming also posted multiple times yesterday, emphasizing that the market is still in a chaotic range, with no clear direction, making it unsuitable for participation, and provided images. The market is still within this range; if you want to be a bit more stable and safe, just wait for the market to give a clear signal.
The lifeline for judging direction will not be wrong.
The trading market offers endless opportunities, but account bullets are limited, so let's save opportunities for certain signals.
Figure 1 is the chart I posted today in a certain public account Figure 2 is the current situation, the difference is that there are 2 more 4-hour lines The lifeline is crucial in trading, especially in judging trends, it won’t be wrong
Today's market, regardless of long or short players, is actually quite uncomfortable, because there is no direction, and both sides are still fighting. Let's sleep first and see tomorrow who wins, and follow their trend.
Is trading profit difficult? The order of principles is key
Risk Control First Strategy Second Mindset Third Profit Last
Risk Control: The cornerstone of the trading tower;
Risk control is undoubtedly the most critical element in trading, serving as the cornerstone that allows the trading tower to be firmly established. The futures market has high leverage characteristics, which is both a tool for obtaining high returns and a box that amplifies risks. Even a very low-probability risk event, if not effectively controlled, can trigger a snowball loss of account funds, akin to the butterfly effect.
Effective risk control measures are first reflected in reasonable position management. Yiming's risk control measure is that the maximum drawdown for a single trade does not exceed 2% of the principal.
Strategy: The navigation toward profit
On the solid foundation of risk control, the trading strategy acts like a navigation device, guiding investors to the shores of profit in a complex market. Prepare your trading plan in advance.
Mindset: The helmsman of trading Yiming has unique insights into mindset training; placing orders without hesitation, holding positions without watching the market, letting gains and losses go; maintaining a stable mindset by consistently running for exercise every day.
Profit: The fruit of inevitable results Once the previous three aspects are well managed, the rest is left to time, enjoying the leverage of time.
Most people make a mistake right from the start, thinking first about how much money they want to make, always wanting to earn the maximum profit, but cannot bear the risks of market fluctuations.
If you are currently losing money, or have experienced losses in the past, you can check your trading records. Most of the losing trades were made impulsively, and if given another chance, you might not even find a reason to enter the trade.
Although there have been warnings in the past few days that there are obstacles to the upward movement at this point, it has also been repeatedly emphasized that one must wait for a break below the lifeline before entering the market. It is not too late to enter after the trend is established. As of now, the 4H lifeline has not been broken, and there are no conditions for a short position.
Yiming typically does not open many positions, but he adheres to one principle in trend judgement: the lifeline system (bare K). Over the years, I have not seen any method that can provide such a clear and definite standard for trend judgement as the lifeline.
The yellow line is the four-hour lifeline. The line has just closed, and since it hasn't been broken, it doesn't constitute a condition for going short; continue to wait, and you must wait until the market gives a clear signal;
If it hasn't been broken and one directly engages in a short position, it is equivalent to predicting the trend instead of following it, and the mindset lacks a foundation. If it hasn't been broken, what if it goes up straight from here? Then the aggressively entered short position would be at risk.
Yesterday it was clearly stated in the group that the signs of trend changes for BTC and ETH in the four-hour cycle have been identified. At this moment, although the ETH price has already fallen below 1778, the 4-hour candle has not closed yet, and we must wait until 12 o'clock for the close to confirm.
A good hunter must be good at waiting.
Livermore's four classic sayings 1: Be patient and wait until the market gives a clear signal. 2: The market will deceive itself, but people will. 3: Do not argue with the market; the market is always right. 4: Profitable trades are often the simplest.
The big ship of the market now shows signs of turning around.
The earliest to break below the four-hour lifeline is SOL.
Now LTC, BNB, XRP, and UNI have also joined the bear market in the four-hour cycle.
BTC: 92900 ETH: 1778
These two have not broken down yet, but we need to observe; as long as the four-hour closing line is below this position, we can determine that the market has turned bearish.
However, this pullback does not need to be worried about; the space will not be too large, and the time will not be too long, which will not affect the continued upward trend in May.
Initial signs of bearish signals appear, which altcoins are currently showing bearish signals? What are the indicators of a confirmed trend for BTC and ETH?
1: Upward trend is confirmed, so far BTC and ETH have not shown any bearish signals on the four-hour chart. The trading strategy remains to buy low and follow the trend.
2: USDT.D has now returned to the weekly lifeline position, where there is still a possibility of a rebound. If this happens, BTC will enter a consolidation phase, using oscillation to wash out weak hands instead of making adjustments.
3: In trading, the focus will lean towards Ethereum and the mainstream second and third tier cryptocurrencies within the top 20 by market cap to find opportunities for ambush.