Brothers, we are happy again, accurately predicting the trend once more, just as expected.
The small-level BTC has dropped directly, and the short position is almost approaching a profit of two thousand points. Those with heavy positions should be cautious about breaking the Bolinger Bands, and for those who want to adjust the strategy, a breakeven stop can be set. Additionally, the small level has dropped directly, 86,000 belongs to the small-level support. If it can't hold, we will need to accelerate the pin insertion again. Specifically, we will see how the pattern evolves, and I will update my thoughts later.
Once again, congratulations to the friends who followed Guage to charge forward, earning angrily every day. By the way, can we give Guage a wave of 666?
The recent rebound of ETH is very weak. In the past few days, ETH's rebounds were stronger than Bitcoin's, but last night's rebound was too weak to even reach 3k before it came down. Our short position was not filled either. However, there will be continued fluctuations here for a while. As long as the lower levels do not break the short-term low, there is still a chance to approach around 3050. Therefore, our planned short position from yesterday can remain open.
The BTC short position has been received, with a cost of around 88,000. Currently, it is in a triangular pattern on a smaller scale, but it has already broken below the lower edge line, so in the short term, it is highly likely that we will see a pullback. The short-term minor support is at 86,000; if it breaks below, the short position can continue to be held.
Recently, there have been many coins like this. PTB went online and plummeted by an unknown number of times, then suddenly surged a few times. This type is basically highly controlled, with little selling pressure. However, one must be cautious of the risks when dealing with such coins, as both going long and short can easily lead to losses. If going long, one must always be wary of a sudden drop, and if going short, the coin can keep surging just like a single coin. Therefore, not setting a stop-loss can accidentally lead to the account going to zero.
There is basically no market activity during the day, mainly a consolidation and correction trend. There will be market activity in the evening. If you want to trade, it is recommended to wait for a rebound before entering. It is not advisable to go long here because the current trend may either rebound and then start to fall or just drop directly. Therefore, the risk of going long is high and the cost-effectiveness is not good. Don't lose a watermelon while picking up a sesame seed.
Recently, there have been many companions following Guage's strategy. Guage would like to remind everyone that he is not a guaranteed profit blogger. Although he has been on a winning streak lately, there will be losses when predictions are wrong. Therefore, when entering a position, it is essential to set stop-loss orders to prevent profit drawdowns.
The bearish flag pattern is basically complete. The first segment of the decline is the flagpole, followed by a consolidation forming the flag surface, and then a rapid decline. Yesterday, many people were likely misled, thinking it was a fluctuating rectangle, which caused many to be bullish and go long. I even pointed out in yesterday's analysis not to be deceived by this bearish flag pattern; after a brief bullish deception, it will immediately drop.
As expected, after a false breakout, it started to decline immediately, and the predicted low point at 2930 is actually the amplitude of the first segment of the flagpole's drop. Once the bearish flag pattern is established, the final segment of the decline will be similar to the first segment of the drop. Currently, the flag pattern seems to be basically completed, and there are no signals indicating a stop to the decline in the short term.
From the 4-hour level, the decline will likely continue. The movement here is quite clear, with basically two types of movements: the first is a direct continuation of the decline, a very straightforward and brutal movement; the second is a rebound followed by continued decline. My view here is that after a rebound, continuing to short is a bit more stable because if it accelerates directly into a decline, it can easily reverse.
Additionally, in conjunction with the non-farm payroll data tonight, though the impact may not be too significant, if positive news is released, it could influence the smaller price levels, potentially leading to a rebound. The rebound high is expected to be in the range of 3030-3050. If you continue to place short orders, you can choose to place an order at 3044u, which is the pressure position where the support line of the flag pattern converts. The next decline target would be in the range of 2730-2780.
This wave of BTC's decline belongs to the first wave of accelerated decline in an ascending wedge. It has now broken through the support level, and yesterday's small V-shaped rebound seems to have deceived many people. It gives the impression that it might go directly back up, including the analysis from Banmuxia predicting a breakout at 90,500, which is my short position. From a technical perspective, yesterday's rebound was relatively weak, with the rebound peak only briefly touching 90,000 before dropping immediately.
Currently, the downtrend continues. Don't go long; if you want to go long, you should wait for the 83,000-80,000 range. Otherwise, once this pattern completes, the low point will be at least around 80,000. From a smaller timeframe perspective, the bears are starting to reduce volume and are about to form a golden cross at a low level, but there won't be too much of a rebound. If it is strong, it might touch 88,000; if it is weak, it might touch 87,000 before dropping again. Therefore, my strategy remains to short on rebounds, and from the 4-hour level, the pattern has already broken down. Rebounds can continue to enter shorts in this range, with a target at the key level below in the 83,000-80,000 range.
Additionally, there are no signs of stopping the decline at the daily level, and a larger acceleration of the downtrend may start at any time. If the 83,000-80,000 range is lost, the next target will be 75,000. Overall, it is in a very clear downtrend.
The original plan for BTC was to short around 90550, but the rebound only reached about 90k, so the short position wasn't taken. Otherwise, it would have been a drop of five thousand dollars, and the basic target was also set up. It's a bit of a pity, but ETH was precisely entered at that time and made a significant profit. In recent days, the predictions for ETH and BTC have been very accurate, focusing on stability.
Eth has again tightened its grip, with a profit of almost 200 points. Yesterday, the suggestion was to short around 3172, targeting 2930u. The initial prediction was based on a bearish flag pattern, so the low point was at this position. The lowest point reached 2890u, and the short position also achieved a perfect take profit. In recent days, the predictions have been quite accurate, and congratulations to the friends who followed Guage in the charge, congrats on the angry profit.
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The ETH trend is relatively stronger compared to Bitcoin. After taking profit at 3250 during the last long position, I haven't operated on ETH since, meaning I didn't trade during this decline, but I did send out signals for other coins because although the long position target was at 3250, this was not the best position to short, so I didn't issue a signal.
Currently, ETH is also performing relatively strongly, but overall it is still in a downtrend. Additionally, a pattern has appeared here that many people might think is a consolidation rectangle, expecting a breakout upwards after the consolidation. However, I believe there is a high probability that it is a bearish flag pattern. If it is a bearish flag pattern, then a minor pullback is likely to be followed by another wave of decline.
After identifying the pattern, just look for a pullback high to short. For a bearish flag pattern, the high point usually forms an upward slant line, with the pressure line around 3150. However, if you want to short, I recommend doing so in the 3150-3200 range. This pattern can easily create a trap for false breakouts, leading to an accelerated decline. Once the decline starts, the target would be around 2930.
Guys, feeling good now? Every time it's very stable, and we nailed down the decline by several hundred points, shorting accurately at high positions, the short position at 3172 is about to fall to the target position of 2930, and also pay attention to batch orders!
Eth3172 has already entered a short position, but BTC is still around five to six hundred points away from entering. Considering that BTC might accelerate and pull back a bit, ETH needs to reserve a position for replenishment, expected to replenish at 3200. My stop loss is set at the position of 3220-3230, which can be referenced.
The recent surge in Binance life is mainly due to the update of UTF-8 programming. In simple terms, it has been dealing with the issues of Chinese trading pairs, and then finding an opportunity to launch spot trading. However, it seems that the launch of spot trading is getting closer, and starting next year, Chinese will be the most awesome.
Aster continues to fluctuate downwards, belonging to a bearish trend. Currently, it is within a triangular formation. Although CZ is optimistic and has bought a lot of this coin, the market liquidity is still too poor. After a rise, it immediately comes back down.
Here, there has not yet been a very obvious signal of a stop in the decline. It is highly likely that the oscillating bearish trend will continue. It is not recommended to buy more at this time; wait for a clear stop signal before considering entry, including the fact that the overall market is still in a downward trend. Patience is key.
Pippin single-player coin is the same, always pulling. This kind of coin is simply not worth shorting, but when it falls, it directly drops sharply. The tactics of the market makers are to open many long positions at low levels and then control the market at a relatively high level. The price keeps rising, and there will always be someone chasing the rise, with basically no selling pressure. Therefore, the price remains very firm.
btc plans to place a sell order near 90550, eth plans to place a sell order at 3172u, both have reserved positions for additional purchases to prevent stop-loss from false breakouts, this position is a resistance line, so a sell order can be placed.
The ETH trend is relatively stronger compared to Bitcoin. After taking profit at 3250 during the last long position, I haven't operated on ETH since, meaning I didn't trade during this decline, but I did send out signals for other coins because although the long position target was at 3250, this was not the best position to short, so I didn't issue a signal.
Currently, ETH is also performing relatively strongly, but overall it is still in a downtrend. Additionally, a pattern has appeared here that many people might think is a consolidation rectangle, expecting a breakout upwards after the consolidation. However, I believe there is a high probability that it is a bearish flag pattern. If it is a bearish flag pattern, then a minor pullback is likely to be followed by another wave of decline.
After identifying the pattern, just look for a pullback high to short. For a bearish flag pattern, the high point usually forms an upward slant line, with the pressure line around 3150. However, if you want to short, I recommend doing so in the 3150-3200 range. This pattern can easily create a trap for false breakouts, leading to an accelerated decline. Once the decline starts, the target would be around 2930.
Btc actually has no analysis, the last analysis was just looking at a wave of decline, and currently it is basically as expected, once again breaking below the 89,000-90,000 support area, and directly probing around 87,000. The current pattern is still in an ascending wedge, which is a bearish signal.
Next, after a small-level rebound, it is very likely to continue declining. The overall trend is very weak, and recent trends have been mostly accurately predicted. You can check my trend analysis from the past few days. The small-level rebound high point is expected to be in the 90,500-91,000 range. If you open a short position, it is advisable to place an order at 90,550; if it gets triggered, it would be relatively safe. If it declines again, it might go near the last major crash low point.
If this pattern completes, the price will be in the 80,000-75,000 range. If there are no favorable news to drive a strong rebound in price recently, this month is likely to trend downward with fluctuations. Unless it stabilizes above 93,000, there will be a chance for reversal; otherwise, the cost-effectiveness of shorting during rebounds is quite good.
If you have been following my analysis these past few days, then congratulations, you have been making a lot of money, and you can profit from both long and short positions. The predicted levels have been mostly accurate; sometimes they might be slightly off, but the trends have generally been correctly anticipated. Shorting at the rebound highs and capturing the low points have been perfectly executed. Over these past few days, I have managed to get ETH and BTC just right.