Sniper杰克

BTC Bear Market Bottom Speculation
This speculation is based on the logic that BTC has experienced three major ups in the past.

Right now, we're witnessing the formation of the third downtrend.
As shown in the chart, BTC's first drop was from 126K to 80K, a decline of 36%.
The second drop was from 97K to 59K, a decline of 38.8%.
So, let's assume the third drop for BTC isn't finished yet.

If we follow the 1:1 logic based on candlestick patterns, a 36% drop would put BTC at 53K.
A 38.8% drop would bring BTC to around 50K.
If the market conditions shift, there could be slight deviations.
Thus, my speculation for the bottom of BTC lies around 50K, give or take 3K.
This corresponds to a price range of 47K - 53K.
If it hits this zone, I'm going to buy BTC and hold for the next bull market peak.

We’re not streaming today. We’ll stream tomorrow!

Tonight’s trend is crucial—this is the point where it either goes up or it goes down!!!

Live now—what trading opportunities are there in August?

BTC has been trading around 64000–65000 for 5–6 days now.
This kind of trend is truly extremely disgusting.
Going long or short both waste time.
But the more boring the moment is,
the more a move is coming.
65500 is a key level for the bulls.
If it breaks again,
the bulls’ target zone could be in the 68000–70000 range.
On the other hand, if it breaks down below 64000,
the bears’ target zone would be 60000–61000.
Hold onto your positions.
No matter long or short, wait for the short-term direction to show up.

Does gold have to follow ZEC's trend?
Why does it move exactly the same?!
Let's wait and see

Live: Explain Potential Trading Opportunities for Next Week

9:40 live broadcast
Let’s discuss what could happen with August’s US stocks, crypto, and gold
We’ll also share some technical analysis essentials
If you want to learn technical analysis, feel free to join in

Three different underlying assets
Four comparison charts
SNDK XAU BTC weekly line chart BTC 4-hour structure chart
What did you find?
What’s similar?
What patterns are there?
Once you figure it out,
it will be of great help to your trading

Figure out the following things clearly
That’s the first-principles way to truly understand technical analysis
All indicators are designed based on these
Trends, position, volatility,
space, time, price,
level, probability, trading volume.

SNDK is my lingering regret these days
The stop-loss was narrow, but it also had logic
In the end, I still reached the position I was meant to be in
This mistake was entering too early
I wasn’t able to observe better price action
So the stop-loss had to be set lower
Which lowered my win rate
There’s another issue too: I made a mistake on a certain asset once
and didn’t go back to reopen the trade
As Jensen Huang once said, if you want to become great, you must have the ability to forget
And because I made one mistake, I didn’t choose to continue doing it
That’s a lack of this ability
Keep improving in the next phase
I welcome everyone to supervise and hold me accountable

Gold orders
Everyone has already done it, right?
These days, during the livestream, it’s been stressed over and over
Consolidation is a converging pattern
Once the direction comes out, just follow it
So far, we’re already up over 100 points

We won’t stream tonight.
Taking a day off to rest

BTC long positions have already broken even. Wait for today to choose a direction!!!