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In the group, you can learn👉 what you will gain: 1. First of all, it's the blessing of the ancestral bug. This is something old fans understand, right? It is limited to our family, with at least 6 out of 10 times the invocation being able to save the situation~ 😎
2. Early layout of market trends and real-time notifications of changes. In the group, we will share long, medium, and short-term market analysis, including entry points and directional choice references, not just contracts, but also spot trading~
3. Having numerous like-minded friends to move forward together. In the cryptocurrency circle, both profits and losses are a long-term battle of mentality. Along this long road, exchanging insights with fellow traders and discussing the future is our strongest shield on this trading journey~
Good evening everyone, I am Chen Changsheng. The chat room is now open; you can join by scanning the QR code pinned to the homepage. After a month of volatility, the market still hasn't shown a clear direction. Apart from the second cryptocurrency breaking out of the consolidation area, Bitcoin and SOL remain within their structures, so it's still advisable to accumulate Ethereum!
On the chart, the second cryptocurrency continues to strengthen at its peaks and troughs, extending the third wave of the main upward trend. Currently, the market is short-term bullish and long-term bearish; it just depends on whether we can find an ideal short position. Since October 7th, the second cryptocurrency has been weakening, and on December 10th, it broke the downtrend that lasted for two months. Currently, both the 4-hour and daily charts have broken the downtrend structure. After the breakout, the price retested above 3000, which coincidentally aligns with the trend line and did not fall back into the structure again. The daily Bollinger Bands are retesting the middle line and gaining support, while the 4-hour chart has broken through the middle line resistance. I believe this indicates a continuation of the bullish trend. Of course, if Ethereum cannot break through 3250 this time, then the downward trend will continue because 3250 is a critical level, and there is a short head and shoulders pattern on the 4-hour chart. Even if this wave falls, it should first rise before falling. I recommend going long around 3070-3100 and adding to positions around 3020-3000, placing a stop loss a few points below. The target is above 3300 ~ $ETH
On the day of the interest rate cut, my feeling was to buy on dips and short at high positions, but I didn't manage to buy on dips. It shot up directly, and I thought it must be a trap to lure in buyers, so I told everyone to place their buy orders low and not to worry. Now the rally has started again. Forget it, let's protect our positions first. There is still resistance above, expected at 142-146, but I don’t know if it can reach that. Just maintain the pattern, don't panic. First, let's go DJ ~ $SOL
I knew it, last night's spike should not be chased
I didn't expect that hanging a low buy could still slightly trap me. Currently, the overall market structure of Ethereum and Bitcoin has not been damaged, but I believe that there shouldn't be any more long opportunities going forward, or rather, there are not many long opportunities left, and the profits can't be large anymore. 25 basis points is in line with expectations. Next week, there will also be news from Japan. I'll keep this SOL position for now and see if it can reach the cost or float a profit before running away. If it doesn't break 127, then there is still room for a rebound. Surviving great difficulties will surely bring good fortune ~ $SOL
Fans asked me: Brother Sheng, how do you view the news from the Federal Reserve?
I replied: I usually check it on my phone, hahaha.
Playing is playing, having fun is having fun. Are you all watching empty positions tonight or do you want to get involved? If you want to get involved, family members, press 1 so I can see how many there are. If it's quite a few, then I'll sacrifice my hair to stay up with you all and see if we can take a couple of bites ~ #美联储FOMC会议
Come on, this wave is comfortable, 3880 perfect take profit
Ethereum peaked at 3397. We took profit at 3380. Does this wave count as selling at a high point? From over 3080, that's about 300 points of profit. I manually took profit at 3360 during the live stream. Originally wanted to hold until 3400, but didn't get the chance. Luckily, I took profit; otherwise, I would have had to give back some. Tomorrow at 3 AM, there will be a significant announcement that will ignite the market. It might just wash out both bulls and bears completely. So how should the bulls and bears choose? Everyone, wait for my news. I will find a good entry point for everyone. Today, those who ran with me, raise your hands! With your company, that's my greatest motivation to move forward ~$ETH
The long position in Ethereum yesterday made a profit of 200 points ~
Isn't this confidence coming back immediately? First, let's get DJ up. I said this wave wouldn't drop any further. I've already closed half at 3260 and am ready to take all profits at 3380. Today's market has already moved ahead of Thursday's situation. We might need to set up short positions tomorrow night. Alright, no more unnecessary talk. Enjoy the 200 points profit, everyone. Raise your hand if you got it ~ $ETH
Not overly bullish Everything is obtained from the market ~
Good evening everyone Fortunately, I didn't make any trades yesterday, otherwise, I would have been treated like a piglet again. The Ethereum market first dropped and then surged. Today's market behavior is completely unpredictable and quite extreme. In fact, breaking below the short support at 2980 should have continued downward, but to my surprise, it violently surged from around 2900 to 3150, nearly 250 points. So in the current market, we can only adopt a light head and heavy tail approach, otherwise, a stop loss of 30-50 points can be triggered in an instant!
Returning to the market, on December 4th, Ethereum once again touched the top of the downward wave and then faced resistance and fell back. I remember that day I was fooled because I said last Thursday that if there was another big drop, it would be unmanageable. Normally, it should have slightly retraced and continued to rise, so I mentioned that the target was around 3040, without expecting to gain too much, because the market was already at a limit. The lowest drop to 2900 was again approaching the downward wave channel. I estimate that the overall box fluctuation area at the top of 3250 is likely to be broken. It is both a top and a short-term minor ice line. I do not recommend anyone to short near 3250; it may break through and then retrace to around 3100-3130. So today, we just need to find opportunities to go long. The Bollinger Bands daily K-line retracing mid-line is not broken, and the EMA is strengthening and even reversing. These are all signals to go long. Therefore, I recommend everyone to go long directly around 3080-3110, and we can discuss adding positions later. Start with a head position Target: 3260 ~ $ETH
This hourly chart is pulling so hard, combined with the US stock market, and then I got tricked into a hook-up. Actually, it’s not about being tricked; it’s that the previous two trades shattered my confidence a bit. I’m feeling a bit like a startled bird now; I want to run at the slightest hint of something being off. In the past, I would definitely have held on stubbornly. The more I lose, the less confident I become. Does anyone have anything that can boost confidence, like a strong tonic or something? The kind that makes you feel super confident after taking it? 🤔 $ETH
I ran for the family 3195 ran it the first warehouse issue is not big you should be near the cost this way it will increase in volume I think it might really go to 3300-3400 I feel that my 3300 loss is very dangerous the world is treacherous if it doesn't work then withdraw I'm withdrawing first family ~ $ETH
Our city is shorting Er Gouzi. Everyone can place a short order between 3180-3200. Based on my past market orders, the market price will definitely be trapped, so everyone, don't rush. Same old story, wait until I'm trapped before entering again ~😂 $ETH