RubyLee

Summary of last week.
I analyzed the top coin chart quite well. Basically, there are still mistakes in identifying resistance areas. However, the overall trend identification was good. It feels like the top coin wave is quite clear.

As for altcoins, it was actually a rather bad week 😖😖😖 At the beginning of the week, I managed to earn about 3-7% on each altcoin.
However, by the end of the week, coins were running in a breakout style but mostly fake breaks. The D frame break with 3D takes a long time, but it returned to break support in just 1-2 days. Most of the time, I had to stoploss when it broke the diagonal trendline. Each stoploss lost 2% because I waited for the breakout before entering. The stoploss at the diagonal trendline is also not too far away.
By the end of the week, there was only $GIGGLE that I bought with profit, sold at $144 last night. That's a profit of about 15-20%. After offsetting the stoploss from other altcoins, it can be said that I made a profit of 5-7% 😂😂😂. Well, having a profit is good enough, although there were many stoplosses @@

In conclusion, from now on I will specialize in trading top coins and extremely limit altcoins. Firstly, I analyze top coins better, and top coins also have clearer price movements. As for altcoins, they are very unstable in their waves; even if there is a breakout breaking resistance, it is not trustworthy. Every time I enter an altcoin, there is a stoploss, so I don't want to enter anymore @@
Secondly, the market is entering a downtrend, making it difficult and the volume has dropped significantly. Now, altcoins mostly only have retracement waves. And with weak volume during retracement, it’s uncertain whether it can test resistance or if it will drop halfway. The determination of profit for altcoins has become unclear. It makes it hard for me to determine whether the profit-risk ratio is reasonable and acceptable. I will not invest in things with unclear risks.

$PYTH new H4 frame breaks the down wedge and is being tested again. Currently forming a large cup and handle pattern.
Although buying in the current range is also quite stable as the price has shown signs of reversal in the 3D frame and successfully set up a reversal in the D frame. The D frame has also broken the down wedge and successfully retested yesterday.
However, I trade according to a safe approach, so I will wait for the H4 candle to close to complete the cup and handle pattern. When it comes back to retest the pattern, I will buy in to keep the stop-loss close, and the risk will be lower.
I believe that $PYTH will soon test the nearest resistance at the range of $0.1-0.105.

This is just my personal opinion. It is also my trading journal and technical analysis. I am not a skilled investor and do not claim that my analysis is 100% correct. I admit I make mistakes because I am still wrong and am improving my technical skills every day.
I mainly trade spot, I very much limit futures, and when trading futures, I only use a leverage of x1-2. I primarily earn money from trading, not from writing articles.
I highly encourage everyone to join discussions and share so that we can all learn and grow together. However, I will block all negative and rude comments. If you feel I am wrong and leading you astray, you can block me!
This will be my last post on this issue! From the next posts, I will block rude and negative individuals immediately.

$WIN mình ptkt đúng rồi. Vì cũng sắp phá đáy đến nơi rồi 🤷🤷🤷

$HBAR update. Gần chạm vùng 0.09-0.1$ mặc dù $BTC vẫn chưa có đáy. Cho nên e rằng sẽ rơi sâu hơn.
Theo mình thì là vùng 0.07-0.08$, thậm chí có râu rơi sâu về vùng 0.05$.
$HBAR có đường trend line lớn hỗ trợ tăng giá ở vùng 0.05$, phải giữ được vùng này mới có tiềm năng chạy sóng tăng ở chu kì mới. Còn nếu gãy vùng này biểu hiên ở khung tuần, tháng thì về lòng đất luôn 😂😂😂

$SOL gãy vùng 120$ thể hiện ở nến 1D rồi.
Tình hình chung thì đa phần coin top như $XLM $SOL đều gãy dạng này. Cho nên mình càng khẳng định xu hướng giảm giá lớn tiếp diễn.

$ADA thấy hơi lỏ lỏ rồi đấy.
$BTC còn chưa có đáy mà $ADA đã làm 1 nến 1D gãy trendline chéo lớn rồi. Để xem đóng nến tuần và nến tháng thế nào, chứ mà gãy kiểu này thật thì có khi về 0.18-0.2$ mất 🤷🤷🤷

Waking up still feels the same. Nothing has changed at all. My view remains the same and is still correct. There’s just a wave that hasn’t finished running for further technical analysis.

But last night I was a bit annoyed because the H4 beard went up to test the daily trend and then quickly dropped. I shorted $NEAR $HBAR $SUI with a profit, so I set a positive stop loss. Then it went up and hit my stop loss @@. Each trade made 0.5% profit 😂😂😂. Actually, after that, I also shorted again, and some entries were even better than the ones I had closed. But I still find it a bit bothersome because it went up and hit my order, making me have to search for another point to short again. Since I had previously determined that the major trend is down, last night when the coin went up, I was just waiting to short.

This morning waking up still feels a bit unclear. It probably won’t start going down until tonight 🤔🤔🤔

$NEAR Waking up to see that it's in the entry zone. So I entered a short position. Great, I didn't miss this trade 🤩🤩🤩

$SUI the framework model has broken and there is a test wave up at the range of 1.49-1.52$. My short order has been fully matched. Now just waiting for it to continue the downward wave. If it has a spike up to 1.55-1.6$ then so be it, because I have already shorted enough. In the short term, there may be spikes for those with high leverage futures. But as long as the long-term downtrend is correctly identified, it's fine, because I am only shorting x1 🤣🤣🤣

$SUI ok great. Although I didn't have enough strength to reach the diagonal trendline. But at least I managed to reach the area I analyzed, so my short order was also executed.
I couldn't short at 1.52$ because I spread my short orders from 1.49 up to 1.52. But I think it's already pretty good 🤩🤩🤩

$NEAR it's really hard to endure. Closing the short position waiting for it to bounce back a bit to re-enter, but it can't even rise to $1.6 to test it immediately 😖😖😖
Meanwhile, other top coins have at least gone up to test @@

Haizz missed out on one short position already 🥺🥺🥺

It is another top coin that also went up for testing $NEAR . Why did it break earlier, now it doesn't go up for testing and falls back down like those broken H1 candles? 😂😂😂
I can't take it anymore 😑😑😑

$NEAR sure to test 1.607$

It's also a bit unfortunate because my tradingview is faulty. So I haven't used tradingview for technical analysis for quite a while. Today, I borrowed my friend's machine to check it out and was shocked 😂😂😂
If I had borrowed it earlier, I could have confidently asserted the downtrend for a long time. $BTC and top coins all follow a pin candle pattern and are hanging in the 3M and 6M frames. The total chart of 1 - 2 - 3 candles in 12M also reflects a downtrend. 🤷🤷🤷
Since I don't have tradingview to use, I did technical analysis according to the monthly and weekly frames at the end of last month, concluding that this month or next month there will be a retracement wave. But in reality, if I could use tradingview to check, for the 3M and 6M frames, I would definitely know that the retracement wave cannot occur this month 😖😖😖

The retracement wave for the entire market will begin next month, which is also the starting point of a new 3M, 6M, and 12M candle. This retracement will happen very quickly; I think it will last until the beginning of March at most. After that, there will be a stronger downtrend. Many coins will die, even top coins.

On the other hand, there's a more optimistic scenario. That is, from now until the end of this month, all top coins will $BTC go to test the long-term bottom. Next month, there will be a slight price decrease again to test the bottom area and stabilize the bottom. After that, from mid-February onwards, a new price increase cycle will begin. However, the probability of this scenario is really not high. Because the fact that $BTC runs back to have a long-term bottom in just a few months is really not very reasonable, as it usually takes a downtrend of a year to establish a bottom.

Conclusion: I really think that during this downtrend season, the cleansing of coins will occur violently. Even many top coins will die.

$SUI has dropped to 1.482$ already 😂😂😂. The market's recovery power is mostly weak, not even reaching horizontal and diagonal resistance 😖😖😖

$SUI sure to test area 1.49-1.52$ before going down further

$NEAR update. Passed 1.5-1.6$ since the day before yesterday.
Therefore, the next rhythm will run back to 1.1-1.2$, then bounce up a bit. Then it will drop down to the range of 0.95-1$.
$NEAR needs to hold the range of 0.95-1$ as shown by the weekly and monthly candles. Only then will there be a chance to recover and enter a new price increase cycle. If it breaks this range, then unless the name changes and the chart changes. Otherwise, it will go down to the ground forever 😂😂😂

$VIRTUAL also analyzed correctly. However, I need to adjust the bottom range a bit, to 0.55-0.6$ because the waves are running too slowly, and the support point on the diagonal trendline has been pushed down deeper. There might be a spike to the range of 0.45-0.5$ as well.

Lately, I have been analyzing well, both the large and small trends are correct, even some are accurate to every small movement. However, beside that, there are still limitations in identifying the small frame retracement areas. It may be because I haven't combined enough multi-frames to accurately determine the buying and selling areas in the small movements. I will continue to improve to enhance my analysis ability further. Although actually, this issue doesn't affect me much. Because most of the time I trade based on areas, when the trend clearly reverses, the price doesn't reach the buying and selling areas I have already entered the trade gradually.
Good analysis means that lately I rarely have to stop-loss when I enter trades. Each day I only take about 3-4 short positions on top coins, also combined with having to wait for a clear trend before entering a trade. Therefore, looking back over the past week, I probably only had 1-2 stop-losses due to shorting altcoins. In summary, my correct trade ratio is around 85-90% because I analyze well. Just like this, a steady 5-10% each day is already beautiful for me 🥰🥰🥰

$BTC The frame model is correct for the day.
At present, it is 80k, and then it will be the 75k area.

This morning's session seems to be somewhat correct.
Because the technical analysis is right, today I entered a short position $NEAR $SUI $HBAR and have already made a profit. Personally, I believe this is not the stopping point yet. Everything is just beginning, as most top coins are still in a floating state and have not returned to the monthly support.
So I will hold these short positions, unlike other days when I close profits and wait for the next morning to find another entry point. Because I want to ride the long downward wave. And now it's time to sleep 😴😴😴