$ETH I am writing this post with a heart full of gratitude. I have never placed myself on a high pedestal; I am just a very ordinary person. Binance provided me with a platform, and with some good luck, I became a moderately successful KOL in the square.
Actually, from the beginning to the end, my purpose or goal has always been to bring some ideas to everyone, to provide some flashes of inspiration for trading. I haven't really been as arrogant as I jokingly call myself the 'God of Ethereum'; it’s just for fun and to attract some attention.
Entering at the 2950-3000 level and now at 3700, I actually told everyone at 3000 that the future outlook for Ethereum could be very clear and thorough. This wave really feels like I helped all my friends make a significant profit, and I wanted to help everyone double their capital. So, I initially told everyone to aim for an Ethereum profit of 800-1000 points. Completing this trade would help everyone double their funds!
Now that the timeline has progressed to the present, for those who entered with me, the target of 3700 has been reached. Basically, every brother or comrade (like-minded individuals) has gained almost 2000% profit, and most people’s total capital has doubled. I kept posting to encourage everyone to hold on and not to be afraid. Now your funds have doubled, and you’ve achieved profits you’ve never seen before!
I also admire those who held on; actually, being able to hold on, in my eyes, you are the God of Ethereum!
I am very grateful to everyone. I am very happy and excited about this wave. What makes me happy is not that I made money, but that everyone made money and earned significant profits. I hope everyone remembers this feeling and never forgets it!
Total capital has doubled, and profits of around 800-1000 points have been achieved. I’m not bragging. As for the big cake in hand, I will help you double your funds again!
$ETH Since I am bearish, I will short. My logic leads me to do this, so I will do it. Based on the analysis, I will execute according to the results derived from the analysis.
However, I also made a very foolish move myself. I opened a short position when it touched 3200 on the night of the 12th, which was the short position I opened last Thursday night. I casually set the take profit at 2950, and then I forgot that I had set this take profit. I kept watching the market and made additional purchases as it broke down. Now, this wave of trend has already slipped away from me.
Well, fortunately, if you understood last Thursday night's live broadcast and opened a short position, it can somewhat alleviate my current anxious mood.
$ETH What about the main upward trend? Why can't it rise to 3400? Why did it drop even with the positive PEC data last night? Aren't they going to lower the interest rates? Why is it still dropping?
$ETH Stayed in the hospital for three days, lost an appendix. Just saw the plate this afternoon.
Shorting at 3010, dropped to 2700 and then went to the hospital, came back to rise to 3200, very good. This wave of increase is merely due to some liquidity flowing back into the BTC ETF (Vanguard).
Can it rise to 3600? There's a possibility. But for it to rise to 3600, at least ETH needs to stabilize at 3210, then it might reach 3460 (daily resistance). If it breaks above 3460, only then can you say that the entire decline has reversed from bearish to bullish. In other words, the market is still dominated by bears, both on the 4-hour level and the daily level.
In other words, if it doesn't stabilize at 3210 and doesn't break through, then subsequently, however it rises, it will drop back down.
Is there a primary upward wave? This wave of correction on the daily chart is called ABC, not a primary upward wave. What is a primary upward wave? If it breaks above 3460, I will definitely go long with my eyes closed.
This segment of 2700-2600 itself is a point of bull-bear game for ETH on the weekly chart, merely indicating that there is strong support around 2600-2700 leading to a rebound. But then? Did it change its downward trend? No, it didn't.
1. If it breaks and stabilizes at 3210, I will find long positions to target around 3450, then look for shorts.
2. If it doesn't stabilize and breaks above 3210, but instead is suppressed by 3210 and moves down as a bearish candle, I will still look for short positions.
$ETH When it rises to 3000, you say to add to your position on the pullback, saying you want to see 3600, saying it's a raging bull market. Do we still add now? Is it still a raging bull market? The news tells me that Ethereum is going to upgrade, the Federal Reserve is going to cut interest rates, it has already dropped from 4950 to 2600, will it drop further? If the upgrade brought it down to 2600, will it still upgrade? This morning's drop was also said to be due to the central bank cracking down on digital currencies, and the reasons for the decline are due to the domestic non-promotion of stablecoin policies, etc. Don't attribute every market movement to news out of nowhere, don't look for news to comfort yourself every time there is an up or down movement in the market; if news was useful, would you still lose money? All information is on the candlestick chart, it should move this way, that's all.
In this kind of market, don't ask if the bull has left; if you really ask such a question, I don't know in which market phase you can make money. Or do you think that making a profit of a hundred or eighty points on Ethereum will make you financially free?
If 2600 is broken down, short positions will add to their positions, stabilizing below 2600, and moving below that, the position between 2100-2200 will definitely be reached.
So in this kind of market, those who keep focusing on long positions are truly something else.
Previously placed an order at 2610 to bet on the downward phase, but it got pushed to 2620, which became the temporary bottom of this wave of decline, rebounding to 3070, a four hundred point move. Later opened long at 2860, rolled over at 2970, took a breakeven loss at 2910, originally was very confident it would reach 3100. As a result, the four-hour and one-hour charts showed a double confirmation of a bearish naked candle, hitting the breakeven, breaking below the one-hour EMA, repeatedly failing to hold above the EMA, and then went short, and last night the short position was hit with a loss.
Currently, the market liquidity is very poor; a market with poor liquidity will experience slightly wider fluctuations, hunting for stop losses, inducing long and short positions. Essentially, it was that the initial order missed by 10 points, forcing a slightly higher long position, and the error margin was lowered, so it could only maintain the breakeven. Also got tricked into a short, so I say: eth, I am really frustrated with it.
Let’s talk about the market: the four-hour MACD for eth has become very ugly, heavily bearish, merely waiting to see if the daily line can withstand the resistance at 3100 in the middle track. If the resistance is strong, we will need to look for short positions at the four-hour level. The downtrend is still present, and very early on, when I saw 2650, I mentioned that 2610-2590 would be the weekly support, and there would be a rebound; it's just that due to various reasons, I missed it. The first resistance for the rebound is around 3100. To put it simply, the 3100-3070 range is facing resistance on the four-hour chart. If tomorrow or the day after, the daily line shows resistance around 3100, we will still need to find short positions at the four-hour level, shorting below 2600. If it breaks below 2600 and stabilizes, then it will be at 2100. As long as the entity breaks below 2600, there is a high probability that within the next three months, you will see Ethereum starting with 1.
$ETH On November 19th at 12 PM, the average opening price for the short position was around 3070. Last night during the live broadcast at 12 AM, I added to the short position at 2950, increasing the floating profit. The earliest post mentioned 2800, and a few days ago it was said that if the short position does not break 3170, it will trend down to 2650. One should follow the trend and hold firmly. From October 11th, shorting from 4100 down to 3300, and from 3900 all the way down to the current 2650. One must seize the power of the trend to make a profit.
$ETH If 3170 does not break upward, we need to test the support around 2650 on the weekly line. Last night's drop to 2873 was just the beginning. The take profit for short positions should be adjusted downward to 2650.
The previous limit orders have been changed to 2610-2550, and we need to place them in batches here, with a stop loss at 2500 and no take profit set.