$BCH is arguably one of the worst mainstream forks in history. It's really been on a downward trend, dropping a solid 60% over the past month. Is it time to scoop some up?
Recently, the market has started to bounce off the bottom, and BCH has begun to follow suit with some steady gains. Let me break it down for you!
BCH is primarily for payments and transfers. When it first launched, it boasted fast transaction speeds and low fees, attracting a lot of market liquidity. However, as technology has progressed, it seems to be hitting a bit of a decline. The main aim is to serve as everyday electronic cash.
There's not much to analyze with this coin; just look for spot buying opportunities. As long as there are no major technical issues, this old-school mainstream coin should continue to ride the market's waves. This position has likely bottomed out in the short term.
For those looking to get in on the contract, hit me up in the chat room! ~ #BTC突破6.6万美元 #美国伊朗终战协议
$ETH The US stock market didn't experience a rapid downturn after opening; this level is relatively high. However, there's a trading gap above 1900 that needs to be filled. In the short term, I'm still bullish on this.
Tonight, it's likely we might touch the 1900 range and then start to pull back with volume, so this level is still a good long play. Keep your position size normal, aiming for a breakout above 1890 to target 1920.
How to take profits on a long position of $ETH ? Check out my strategy!
With a 600u position, I pulled out a profit of 700, but I still need to broaden my perspective! After taking profits, I jumped back in and made another wave.
Tonight's trading strategy is to go long on a pullback. For those who missed out, just hang tight in the chatroom for my updates! #Cardano基金会BTC用途存疑 #美国伊朗终战协议
Eth kin
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$ETH market is flying, and don't go short; just wait for the pullback to go long. There’s really no resistance above, and that extreme dip gap from last week is definitely gonna get filled, otherwise, it won't be pretty for the downtrend.
Recently, Ethereum breaking above 1900 isn't something to be shocked about; the only strategy now is to buy on the retrace and think about shorting once it hits above 1900.
If you’re unsure about entry points, just hit me up in the chatroom! @Eth kin #马斯克预测SpaceX年收入万亿美元 #美国伊朗终战协议
$ETH market is flying, and don't go short; just wait for the pullback to go long. There’s really no resistance above, and that extreme dip gap from last week is definitely gonna get filled, otherwise, it won't be pretty for the downtrend.
Recently, Ethereum breaking above 1900 isn't something to be shocked about; the only strategy now is to buy on the retrace and think about shorting once it hits above 1900.
Don't reminisce about the 250-300 range now; the bottom at $ZEC is gone. Next up, we're gearing up for 60 bucks at $DASH !\n\nThe strong resistance at 38 has been broken; the spot buy orders have devoured the sell orders clean! Privacy coin ZEC surged past the 500 mark this morning, and DASH is catching up fast and furious. If we can hold above 39 in the short term, we can aim for 60.\n\nAll pressure is just a paper tiger in the face of capital flow! For those who haven't entered the market yet, come join my chat room for some entry points!\n#马斯克预测SpaceX年收入万亿美元 #美国伊朗终战协议
Let me break it down for you guys. Right now, the funding fee is charged every hour, and it’s negative 1.65, meaning the shorts are paying the longs. As retail traders, even if everyone goes in with 10x leverage on a $1000 position, just keeping the current price steady means you’re shelling out $4000 daily to the longs. Can you handle that? The longs are raking it in!
Plus, it’s still uncertain if the market is going to push higher!
So shorting now isn't the best choice; it might be better to wait for H to show a clearer trend, and then I’ll give you the entry points to trade! So if you want to short, just wait for my entry levels and I’ll let you know! #马斯克预测SpaceX年收入万亿美元 #美国伊朗终战协议
$SPCX is not just me saying! With the US and Iran reaching a ceasefire agreement again, isn't it a major bullish signal for the US stock market? The crypto market has already started to react within the 24-hour trading window, and now we just wait for the capital inflow when the US stock market opens.
So, I'm heavily long on SPCX with my followers; it's been relatively stable today, with the only volatility coming from after-hours trading once the US market opens. With this positive news driving capital in, this position can be held long-term, targeting a short-term profit around 185, and if it breaks through that, we’re looking at 200.
If you missed the entry, hit me up in the chat for the position! No entry in the square! #World转向实用驱动增长模式 #美国伊朗终战协议
$ZEC The project team is washing out the weak hands by exploiting small technical flaws. You guys just lost your heads and chased the shorts all the way down. Now you're stuck at the bottom, and the losses are real. Those who got liquidated, well, that's part of the game. Making money isn't just about this one chance to short.
I've also reminded you about cutting losses; it's like I'm the bad guy here. Did anyone jump on the long side? The spot trading must have been profitable, right?! #美债股市齐涨 #美国伊朗终战协议
Eth kin
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This recent dip at $ZEC is purely due to a technical glitch that the media has blown out of proportion!
It's mainly to cover up the project team's selling operations. Don’t be fooled by the fact that there are still tons of long positions on the contract; those are all whale stakes. The glitch has now been fixed, and the project wants to cash in on those 'bloody' chips.
We’ve hit a solid support level, and the project team is looking to pump it up by a few points easily, so don’t go shorting.
If you're in the red, flip your position and go long instead. #SpaceX申购门槛2千美元 #ZEC遭攻击币价下跌30% #比特币跌至6.2万美元
$ETH A piece of good news just sent the entire crypto market flying. As expected, our short position at 1730 has been placed.
Where to take profits? Sorry, we already cashed out internally! In the short term, we're not considering re-entering the market; the Asian session will likely see a pullback for some correction, but we're bullish looking at the evening US market open.
Weekend market liquidity is lacking, leading to a tightening overall trend with a weak consolidation stance.
On the four-hour chart, we can see that after hitting the upper Bollinger Band, the price has shown clear signs of stagnation, with the upper band flattening out and upward momentum continuously weakening, making it hard to change the short-term weak pattern. Any bounce is just an opportunity to set up short positions.
@Eth kin Strategy Reference: Gradually place short orders in the 1730-1760 range. #SpaceX首日开盘超IPO价格29% #SpaceX上市美股高开
Weekend market liquidity is lacking, leading to a tightening overall trend with a weak consolidation stance.
On the four-hour chart, we can see that after hitting the upper Bollinger Band, the price has shown clear signs of stagnation, with the upper band flattening out and upward momentum continuously weakening, making it hard to change the short-term weak pattern. Any bounce is just an opportunity to set up short positions.
$TAO After every major dip, the fastest to recover are still the mainstream coins in various sectors.
Recently, the market has been consolidating above 60,000 after a significant drop, with most mainstream altcoins sitting at the bottom. Recently, Musk's SPCX debut on Nasdaq has positively impacted the AI sector, leading TAO to take off first, with an intraday increase already at 13%.
On June 6th, I recommended buying TAO in the 170-190 range, and everyone who followed that call has made a nice profit. Long-term, I see it potentially reaching 300-350!
For those who missed the boat, don’t lose hope! If you're waiting for a dip to jump in, just wait for me to notify you in the chat about the entry point. If you want to join in, feel free to reach out! @Eth kin
Next round of altcoin market positioning and bullish insights
$ONDO will lead the narrative in the RWA sector for the next bull run. ONDO has partnered with BlackRock for a year, focusing on U.S. Treasury bonds and tokenizing stocks. A lot has happened in the past month, with domestic institutions cracking down on firms like Tiger, ChangQiao, and Futu, which indirectly benefits ONDO. Additionally, the recent listing of U.S. stocks on Binance utilizes ONDO's underlying protocol, marking a significant transformation in the crypto space. This is why I'm bullish on ONDO; I'm looking to accumulate at the 55k support level for Bitcoin.
$ASTER The DEX sector, which was just launched last year, is currently a chain-based contract trading platform with only CZ calling it out for buys. The trading volume on chain platforms doesn't even rank in the top 5, but the token distribution has almost been fully acquired. Currently, the top 100 addresses hold 96% of the supply, indicating a concentrated chip position. In a bull market, project teams will deliberately pump their tokens, leaving plenty of room for upside. Dollar-cost averaging in at lower prices is the strategy here.
$TAO The downward trend of the Nasdaq signifies the bursting of the AI bubble. The Nasdaq encompasses both the AI sector and tech stocks, and the market will gradually digest the fallout from the AI bubble. In the future, the AI sector will still be rediscovered for its value and continue to see speculative trading. Therefore, TAO’s recent weakness is merely a reflection of the broader market's AI bubble collapse. Over the long term, as the market digests these impacts, the AI sector is likely to rebound first. Notably, TAO also has expectations of launching an ETF in August! I'm looking to accumulate in the 170-190 range.
All of these are assets with long-term value, often driven by narratives and backgrounds for speculation! Key focus on TAO and ONDO.
Other potential buys: BNB, XLM, WLD, XRP, HYPE, SOL. #ADA跌至0.16美元创六年新低 #S&P doesn't modify selection rules for SpaceX.
Recently, the US stock market has basically siphoned off all the funds and attention from the crypto space.
Currently, the market is still in a rebound phase after last week's significant dip, and support below $BTC is unlikely to break in the short term. It's the weekend, so the chances of a drop are quite low. If any positive news hits, there’s a high probability we’ll break through the 65500 resistance level. After this wave of recovery, we will likely see another major drop. Holding long positions isn’t suitable, but shorts above $ETH 2000 can be held for the long term.
In a choppy market, it’s not ideal to open new positions. If you’re unsure of the direction, feel free to hit me up in the chat room, and I’ll share the latest entry points! #SpaceX首日开盘超IPO价格29% #SpaceX上市美股高开
Recently, many fans have privately asked about short-term trading strategies for reading the market. The truth is, you don’t need to dive into complex indicators; just grasp the core logic, and you can easily keep up with the market rhythm. Here are a few simple and practical methods: $SPCX
1. Set the overall direction first: Rely on the 4-hour timeframe to assess the overall market strength, without being distracted by short-term fluctuations.
2. Focus on detailed rhythms: Refer to the 15-minute timeframe to accurately capture market turning points, key support, and resistance levels.
3. Identify market patterns: Distinguish between consolidation, rebound recovery, and one-way trends, adjusting your strategy accordingly.
4. Pay attention to short-term volatility: Sudden price spikes or drops are often just temporary disturbances; focus on observing subsequent momentum changes.
5. Stick to reviewing and simulating: Summarize market patterns in segments, analyze the market objectively, and prepare different strategies for various trends in advance.
Reading the market has never been about guessing by feel; it relies on clear logic, along with a calm mindset and rhythm. #SpaceX首日开盘超IPO价格29% #SBF上诉失败25年刑期维持
$VELVET Don't get caught holding the bag on these altcoins; haven't you learned enough from the waterfall examples of LAB, RAVE, and BEAT?
Right now, we're seeing an influx of capital, but the candlestick patterns show diminishing upward momentum. Isn't that the classic sign of a bear trap?
When the majors are in a sideways trend, the altcoins tend to get wild. Here's a little trick for trading in this kind of market: if you've got 5000u in capital, split it into 100 parts and pick altcoins that have the potential to moon. Open a position with 2-4x leverage on each and hold on for dear life.
A lot of these alts are junk and not worth the hassle; be sure to look for projects with strong backing! Accumulate at the bottom for the long haul, think of it like buying a lottery ticket!
$ETH $BTC The familiar weekend market is here, let's chat about what to expect for next week.
The Nasdaq indeed tanked before the last closing of the US markets this week, with Ethereum finding strong support at 1580 but not bouncing back at all, just sliding down. The weekend market will definitely see some recovery, with Bitcoin longs possibly hitting 62000 and Ethereum targeting 1610. Even doubling down on longs could yield some take-profit exits. Right now, it's uncertain if institutions will offload more, so keep your long positions light!
Next week, the market is likely to be choppy and bearish; we’ll need to assess after the US market opens on Monday evening to make decisions.
If you don't have rock-solid skills, you're just going to get wrecked! If you want to turn things around and achieve stable profits, follow my lead!👉👉@Eth kin #维萨测试隐私稳定币结算 #标普不为SpaceX修改入选规则 #ADA跌至0.16美元创六年新低