BTC, ETH waterfall! Are you still bottom-fishing? Be careful of being liquidated! Big fluctuations tonight?
In the last 24 hours, a total of 184,439 people were liquidated globally, with a total liquidation amount of $601 million! The market has only fallen since last Friday evening, with bulls who had larger positions waking up to find nothing. The recent turning point was last night not reclaiming key levels; North America opened and crashed through, and at this moment, the bears are undoubtedly strong.
Currently patiently waiting for intra-day consolidation to digest the panic selling pressure from this morning. The market can drop during the day as long as the volume decreases, which is the moment for us to add positions and lower our average cost in hopes of a rebound to break even or make a small profit. Stay steady, do not buy if it doesn't drop!
BTC
BTC experienced a rebound of $14,000 and began a second bottom probing, with a large bearish candlestick showing upper and lower shadows closing this morning. The daily line has fallen for four consecutive days, and the MACD bearish momentum is starting to expand. The KDJ has turned down from a high position, forming a death cross and moving lower, while the RSI is also turning down. There is no doubt that the overall direction is dominated by bears.
BTC Market Analysis 12/16 In the current market, liquidity is weakening, and the effectiveness of technical indicators is also decreasing. Every day, we only wait for the few candlesticks after the U.S. stock market opens, and the rest is just wasted time. 【4-Hour Level】 After yesterday's drop, we have finally reached a bullish OB on the 4-hour chart. This is a low point from two previous tests, providing an opportunity for support to trigger a rebound. The key support level is at 83700. 1) If it doesn't break here, there may be a rebound, with resistance at 89000. 2) If 83700 is broken, long positions need to stop loss, and there will be temporarily no long position opportunities.
Three methods to lock in the bottom points of this month's big BTC pullback:
A. Currently within the 20-day adjustment range of the 45-day line adjustment cycle, near the bottom Bollinger band at 80085. The 20-day EMA is 52, corresponding to a price of 74965. Therefore, after breaking 80k, lock in the bottom: 74965
B. The 45-day line level has a death cross, with the middle Bollinger band at 77250.
C. The 0.618 pullback position at the 45-day line level:
126208-48888 = 77,320
77320*0.618 = 47,783.76
126208-47783 = 78,425 (the golden ratio pullback point)
PS: Adding the lowest point of April 7 this year, 74666, which is very close to the 20-day EMA of 52. Therefore, it can be predicted that the bottom range in December can be locked in at these three points: 78425, 77250, 74666.
From the daily level, RATS has been stronger than many coins recently, with three consecutive bullish candles. The overall trend shows a W-bottom pattern, and the MACD has recently diverged and is above the zero line, with the trend continuously strengthening. In the future, it will go back to fill the upper wicks and then challenge the resistance level of 0.00005. In the short term, if it can still pull back to around 0.000035, those who like to trade in waves can buy the dip in spot, and take profit near 0.00005 before selling.
Shanzhai Coin Research $ela 1. Yilaiyun halving officially completed: entering a low inflation era 2. Co-founder Han Feng went to the United States to seek resources and assistance, aiming to enhance market making 3. Leveraging the momentum of ELA on Coinbase, exploring the promotion of DAT (Digital Asset Token) compliance listing in the United States
Recently, the market has been fluctuating repeatedly. When you feel it is about to go down, it comes back up; when you feel it is about to rise, it comes back down. This back-and-forth continues! This is currently a typical triangular fluctuation area, with the fluctuation range becoming smaller and smaller. Next week, with the yen interest rate hike, it is expected to break out of this range, with the upper side around 94000 and the lower side around 88000. This range is worth paying attention to. Recently, we are still mainly cautious with our trading strategy, and there has not been a one-sided market!
You need to think clearly about whose money you want to earn.
1. 10k~500k is earned through various groups, community mutual dissemination, and the money from lead orders. 2. 500k~3m is earned through several KOLs disseminating information to each other and the money from FOMO following lead orders. 3. 3m~10m is earned through major KOLs collectively promoting and the money from short-term boosts by small investors. 4. 10m~50m is earned through strong endorsements from celebrities, collective powerful promotions by KOLs, and endorsements from official institutions, at this point, you earn money from the timeliness of information dissemination. 5. 50m~300m, a well-formed community with a strong consensus in a short period, constantly rising FOMO emotions, with major market makers already in operation. You need to earn money before significant good news from exchanges is realized. 6. 300m~2b, you need to earn money from the secondary market and outsiders. 7. 2b~10b, this is already the area where major institutional market makers are mutually taking over, and at this point, it depends on your level of insight. Image
Sharks flee! How will Bitcoin and Ethereum perform next week? LUNA and LUNC plummet!
In the last 24 hours, a total of 103,836 people worldwide were liquidated, with a total liquidation amount of $265 million! Last night, BTC dropped to 89200 and immediately rebounded. Today, being Friday, the volatility is likely to increase. Those with bottom positions should continue to secure their capital and hold on. Today, keep pushing hard against the sharks. The daily market has basically come to a pause this week, ending with a doji on the weekly chart. Therefore, the remaining time needs to consolidate, and this consolidation action is preparing for a slight stretch next week. So currently, this is a relatively good opportunity.
BTC
Bitcoin rebounded again after a drop yesterday, continuing to fluctuate sideways. Currently, the 400 million funds that surged at 3-4 AM have all fled. Generally, after fleeing, it will still hit a few needles back and forth, with the needle positions at 926--935.
Cryptocurrency retail investors face a significant dilemma during the bull market, and this dilemma has grown to the point where it cannot simply be summarized as losing money; it is a sense of powerlessness from the bottom up. The dilemma lies in the fact that many retail investors have not made the wrong call in the big picture, yet they are unable to make money. Many retail investors are actually correct in direction, optimistic about BTC / ETH, confident in several mainstream public chains, and bullish on long-term tracks like AI / L2 / DeFi. However, when BTC, SOL, and the mainstream market have risen significantly, their account balances not only remain unchanged but may even shrink. Clearly, there is no missed opportunity in the market, yet almost no profits are being made. Retail investors' opponents now include VCs, teams, and bots, as well as systematic profit-taking studios. Early rounds, market makers, and teams have left retail investors out in the cold; on the trading side, there are quantitative market-making strategies and MEV bots, and by the time retail investors place their orders, they are already at the end of the information and speed chain. In the past, one could survive on a crude rhythm, with halving leading to a BTC bull market, then to altcoin season and a slow correction. The experience of most retail investors in this round is basically that, although they are part of a bull market, their overall assets are not much different from a bear market. Thus, retail investors who are still holding on are generally in a very awkward middle state: - unwilling to only hold BTC or ETH - lacking the time and energy to become a scientist with algorithms - not wanting to be pure gamblers betting on VCs and MEME coins. Today's cryptocurrency retail investors urgently need a successful turnaround, to find the next BTC or ETH consensus, or simply to hug BTC tightly and ignore other wealth effects.
Regarding whether to focus on or not on Double Saints, the current situation is simply unsolvable. Right now, BSC players are both shouting "go Double Saint-less" while also keeping an eye on Double Saints for unexpected traffic influx. This is just the daily routine of BSC.
Without Double Saints, does BSC have no memes? Shut up, it's all about people wanting to make quick money. There are plenty of independent memes, but how many communities can actually promote them?
Want a community? Want consensus? Want development? Want independence? Sounds good, but there are pitifully few who actually do it. You should take a good look at what the current BSC community is like. The structure of BSC's community is: 90% is a chaotic mess, 10% is barely decent, and only a very small number can really sustain themselves, and even then, the price isn't low. However, Bee Dog is indeed an exception (very perplexing 🤣 ). Back to the point, if your community can't get off the ground, how do you expect the market to actively come and pick up your trades? Isn't this dreaming? You lie around every day waiting for your wallet to drop BNB.
To truly break away from Double Saints, only one thing is needed. Let more memes have normal communities and positive cycles, with people seriously working. But everyone wants to make quick money and doesn't want to build slowly; it's very restless. So the easiest path is to continue focusing on the Double Saint angle. Everyone thinks this way, and the ecosystem will of course never escape the vicious cycle.
Slow down, build seriously, and exchange time for results. The problem with BSC has never been "lack of independent memes"; it is "the lack of people willing to turn independent memes into reality"; it is "too many various profit-hungry Kol's".
Since coming into contact with meme土狗, I have always been on sol, so I have been unable to understand the various narrative angles of bsc this year, scoffing at them.
Later in October, I also came to understand that essentially, sol and Bsc are quite similar. Some say bsc is the Shandong chain, and most of sol's narratives actually rely on web2 fermenting heat and celebrities like Musk.
Bsc also has very good memes, such as Haki Mi and vulgar penguins.
Bsc has scientists and a lot of chips. But sol also had many opening snipes last year, and there have always been many bundled accounts that directly hit you at the set point.
You just don’t know who cut you, but in bsc you can know who cut you.
Everyone comes to play memes on the chain to make money and speculate, so be more open-minded. If you really don't understand the game, just take fewer risks and rest more. Adjust your state and make your move in the next phase.
Reduce complaints; the chain is always about survival of the fittest. We are just small retail investors, with no rights to choose.
From a weekly perspective, Bitcoin's current trend is very similar to the trend at the end of January 2022. 1. Both are double top patterns. 2. The candlesticks have both broken the bull-bear dividing line MA60, and are in a suspended state between MA120 and MA60. 3. The MACD indicator has both dropped below the zero line.
Therefore, in the coming month, BTC will continue to experience a sideways market, with a fluctuation range of 80000—100000. If it can hold the previous low of 80000 during a second retest in the next week or two, it will repeatedly attempt to challenge the 100000 mark.
The continuous decline in the hourly chart during the early morning has brought the price back to the bearish side of this level, and there is also a new pattern of resistance forming above. Currently, there are no ideal buying points from a technical perspective at the current price and above, and after fluctuating within the small range of 89480~90680, only downward orders are left.
Summary: The structure of the daily decline remains unchanged, and the smaller timeframes are generally on the bearish side. Before a signal of a large bullish candle appears, the main strategy is to focus on low long positions, with reference points as follows:
Short-term support at 87910~86370, second support at 83310~82140, and 79666 and 70500 are two important support points in the next large-scale retracement process (key points). The short-term resistance is within the current price range, with the structural divergence area at 98580~99168.
Big plunge! Will Bitcoin and Ethereum drop further? Bulls need to hold their positions! Buying altcoins is like being a dog?
In the last 24 hours, a total of 112,821 people were liquidated globally, with a total liquidation amount of $421 million! At this moment, the market is retreating, and we can just follow the BTC trend. During extreme market conditions, focus on BTC, and when it's slightly stable, turn to ETH. The morning drop was significant, so wait for key levels to trigger and confirm support before taking positions. Do not chase shorts at this moment!
BTC
BTC opened high with upper and lower shadows, mainly fluctuating downwards during the day. It has tested the 94000 position three times without success. The trend boundary confirmation failed to break through, and yesterday's interest rate cut stimulus only resulted in a single 15-minute candle rise. We should look for a period of pullback now, and for spot positions, it’s best to wait for the next high-odds opportunity.