Look for opportunities before entering the market; blindly placing orders leads to bad outcomes! If the direction is wrong, admit the mistake and stop the loss; don't rush in and keep increasing your position! If you lose today, you can win it back tomorrow! When profits are in place, it's time to take a step back; greed does not lead to good outcomes. These words are a reminder to myself, always keep them in mind!
This month there is no new low before it's all low longs The weekly line has closed with a bullish line 2700-3000 here ETH has seen some capital inflow Just need to focus on the daily line, the weekly line should not go bad Actually, it can all be long Additionally, the U.S. interest rate cut is basically a done deal Japan's interest rate hike is still about ten days away It is also possible for this week's weekly line to close with a medium bullish line
At the daily level, I see ETH near 3500 But the process may involve rising 100, dropping 80, then rising 150 Or rising 100, dropping 200, then rising 300 Washing back and forth Messing with you back and forth So building positions in proportions of 1/10, 3/10, 6/10 is still very necessary
There is a very important question in trading It is about wanting to chase but not daring to chase Wanting to catch the bottom but fearing further drops Using proportions of 1 share, 3 shares, 6 shares It neither violates your own intentions Nor takes on too much risk After establishing a bottom position, whether adding or replenishing positions will provide a very good experience #ETH走势分析 $ETH {future}(ETHUSDT)
Recently, the orders have all been sets, then endured the hardship to bring them back and sell them off. If I had used the previous heavy investment strategy, I would have probably been liquidated 10086 times by now.
Waking up with a few random thoughts (I said whatever came to mind in the dream) Feeling about getting out of the position, these past two weeks have been light margin trading, and as luck would have it, I ended up getting stuck. So I didn't really open any orders and was too lazy to keep an eye on the market all the time. When I'm stuck, I start to wonder whether I'll ever get out, knowing that holding onto a position could mean being stuck for months. There are some things I pray for while holding onto a position, hoping that after getting out, I can strictly adhere to them, like setting stop-losses. But light margin trading is good; it provided many opportunities to average down. Hmm, back to sleep.
Waking up still rising During the day, the second pancake is much weaker than the big pancake. In the evening, the second pancake starts to rise, after all, the big pancake has already increased by 10,000 points. The second pancake's resistance level is near 3220, and there are large investors trapped near this position. Let's see if the dog dealer sacrifices the shorts to help them out or if it will pull back.
Although many people complain that the crypto space is no longer in the wild growth period of 2017-2021, and making money has become increasingly difficult, with retail investors being cut down more harshly, relatively speaking, there are still many opportunities here compared to the web2 sector or other traditional industries, after all, there are still "fewer people"! To give a very basic example 😂, spending 20 minutes a day on airdrop tasks can still earn you one or two thousand yuan a month, while killing hundreds of people on Pinduoduo won't even get you that 200 yuan.
The money leopard is coming! The bearish view that the major trend remains unchanged until the end of the year has been bullish for 2 days, counting down for him. Tonight, a long position will be opened again at 2858, and if it breaks through 2900, I'll add to my position. I took half of the position off at 2943 because there is some pressure around 50, and 2830 has also become a small support level. It's better to take profits in batches for counter-trend positions! The remaining half looks to be around 3020-3050! I might close 20% along the way, as the market's uncertainty is quite strong; taking profits in batches is more appropriate, and today I'm looking for opportunities to set up short positions!
Tonight, while brewing tea at the company, a friend asked me about the bear market, and I confirmed the downtrend. Why go long in the middle of it? Personally, I believe that during a strong downtrend, this kind of 'decline - rise - then crash' market is the most reasonable. Once this round of concentrated selling pressure is digested by the market, due to a temporary depletion of selling in the short term, the market can easily experience a 'mechanical' technical rebound. Some bulls bottom-fishing will think that prices are at a short-term low and will enter to buy, pushing prices up. If liquidity is obtained, and the overall bearish sentiment and fundamental issues in the market are not resolved, this rebound will be hard to sustain. Once prices rise to a certain level, new selling pressure will emerge, leading to a further decline in prices.
Now, the prices of mainstream coins are increasingly correlated with global liquidity, especially the monetary policy of the Federal Reserve. When the market expects a tightening of monetary policy, high-risk assets like Bitcoin are often sold off. So now the crypto market is most sensitive to any information, and any uncertainty in the market could lead to a sharp decline! Changes in risk sentiment in traditional financial markets will directly transmit to the cryptocurrency market. #加密市场反弹 $BTC $ETH {future}(ETHUSDT)
In fact, if you think about it carefully, the market trends in the past two days are actually the normal direction for Ethereum most of the time! Remind yourself not to get too accustomed to the one-sided thinking from earlier; the patterns are changing!
Let's review my thoughts on yesterday's trades! Yesterday, I opened a short position on a two-bit coin, with three opportunities to break even. Logically, I should have at least set a stop-loss for my current trading method, but I noticed a prominent trader I follow had not exited their position, and I thought they were very confident (they have always operated steadily since I started following them). So I decided to follow their lead. The afternoon's price fluctuations became increasingly strange, and I started to feel a bit anxious, especially since the price was low. Fortunately, later in the evening, luck favored me again, and I seized the opportunity to break even and ran. When I woke up in the middle of the night, I saw that the prominent trader had gone from profit to a loss, so I checked their account, and they said this time it was a gamble: either double or face liquidation... Well, they can afford to lose tens of thousands, but our trial and error costs are not that high. After thinking it over, I realized that I can reference the prominent trader's moves, but the core logic and bottom line must still be my own. After all, even prominent traders occasionally want to act impulsively, while we don’t have as many opportunities to gamble.
Some remarks in the square are too funny Two weeks ago: It's fine, still at the cow tail, the second pancake can still break 5000, then it will turn bearish. Now: It's fine, it has been bearish for 3 months, it will soon turn bullish, the second pancake is going to 5000.
It must be intentional, strk Whenever the market rises, I will take more of you When have I abandoned you, yet you rise without me Back then, no one played with you, who knew you, now it's good, you stay on the rise list every day and became a star coin, leaving me at home feeding pigs!
Does anyone understand, my family? strk is what I've been playing since I entered the circle. Even when it dropped and I was killed by it, I never gave up. During this time, it didn't follow the market, and it surged against the trend, but I didn't invest more. I just missed it like this. Who understands this feeling!!!