61.5 is where we're at, so let's take a little off the table here. If we break below the green zone on the chart, let's set the next TP at 54 and see how it plays out. Since gold hasn't finished its drop, silver will likely follow suit, sticking around 61.5. If it breaks down, we could be looking at a significant downturn, so let's keep an eye on 54.
余三水
·
--
Bearish
Silver $XAG
Looks like 61.5 is definitely not going to hold, mainly because it's tough to find a reference for the next TP. If it breaks below 61.5, at least 54 shouldn’t be a problem.
This rebound is right on point. The structure of this bounce can be seen in my referenced previous tweets; it’s a classic example of a breakdown followed by a rebound test that faces resistance.
Currently, this 4H candlestick hasn’t formed a significant upper wick, which suggests the rebound might continue. (I’ve discussed several crucial candlestick patterns before, and one bearish pattern is two upper wicks of similar height, along with a short red-green combo.)
Right now, the focus is on whether 639 can reclaim its position or if it faces resistance and drops again. Alternatively, there’s also the potential level at 646, where I personally believe the downtrend will continue.
余三水
·
--
$BTC
The overall trend looks bearish, no doubt about it; the structure for stabilization hasn't formed at all.
The last blue line broke down, dropping 30%. If the next blue line breaks down, corresponding to another 30% drop, it'll hit the 50-53 range, which just happens to line up with a weekly candlestick low.
Haven't been around the plaza for a while because I've been quietly working on something big.
🎺 After nearly two months of hard work, my "AI Coin Selection Website" is finally here! 🎺
I named it Guagua Select Coins, and I hope it stands out! 👍
Website link: https://www.yss-signal.com
Currently, it supports 482 contract pairs on Binance.
The underlying logic for the signals isn't based on the popular OI or negative fees. It's a personal framework I've been using for selecting coins, combined with AI, and I've turned it into a complete visual data dashboard. One of the key factors is breakout monitoring.
In the simplified Chinese crypto space, I've created this "Breakout Detection Website."
I should be the first to launch something like this, with no direct competitors for now.
Otherwise, find me one that has liquidity filters, charts, historical records, and social features.
The overall trend looks bearish, no doubt about it; the structure for stabilization hasn't formed at all.
The last blue line broke down, dropping 30%. If the next blue line breaks down, corresponding to another 30% drop, it'll hit the 50-53 range, which just happens to line up with a weekly candlestick low.
余三水
·
--
$BTC
No solid ground here, miss a trade and you're just gonna keep taking losses.
The daily candlestick here is right at the early stage of a support/resistance flip. Since it didn't break through here yesterday, I'm feeling bearish.
余三水
·
--
Bearish
Silver $XAG
Before the news dropped yesterday, looking at the charts, I thought silver might break 71 and accelerate upwards.
Right now, it’s hitting resistance again at 69.5; the 4-hour candles are still showing a bearish trend. Let’s keep an eye on 66, and if it breaks below that, we’re looking at 61.5 next.
Before the news dropped yesterday, looking at the charts, I thought silver might break 71 and accelerate upwards.
Right now, it’s hitting resistance again at 69.5; the 4-hour candles are still showing a bearish trend. Let’s keep an eye on 66, and if it breaks below that, we’re looking at 61.5 next.
Currently, it seems to be a fairly normal pullback phase. The key time point should be based on the rebound situation of the current 4H candlestick.
The area around 2160 was previously a very obvious resistance zone. After breaking through, it's normal to retest this area to test the possibility of a reversal. Watch the pullback situation of the 4H candlestick at 12:00 to determine whether it is a false breakout or a pullback rebound first.
The year 2030 has arrived, and here it can be directly reduced after clearing the warehouse,
or we can observe the changes in the next candlestick. If it breaks down again, at least it will be around 1915 here.
However, I was stimulated by the last time, and since the 4H stochastic is basically oversold, I have closed my position. I will wait for the stochastic to become overbought again to look for opportunities.
$ETH The current market response is to return to the range and re-shake.
At least the dense area of 1915 is something to look forward to.
Anyway, I have already set a break-even point and am waiting for the flowers to bloom~
$ETH
余三水
·
--
Setting a stop-loss for your trades is your psychological tolerance range.
Before hitting the stop-loss, do not press the close button.
It may happen that closing early once will help you lose less, but the stop-loss you set is something you have already thought through and decided on, and it represents the loss you can accept.
If you successfully close early once, most of the time you will be forced to close early due to volatility.
Sometimes you feel like going long, and at other times you feel like going short, and the wear and tear from this can outweigh several of your stop-losses.
Those who understand the basics also know how it might move.
Similar to the last metaphor of carving a boat to seek a sword, this is another false breakout, the second push during the decline, and this is one of the reasons why some people watch 5W/4W.
If it really moves like this, after the second push, it will basically be close to the bottom.
$BTC
余三水
·
--
If you can't understand the trend, just list a few moving averages for assistance.
But the focus should still be on "support/resistance".
The arrangement of moving averages is only a reference for the trend and is not suitable as an entry and exit signal.
For example, although $ETH shows a bullish arrangement on the 4H chart, it is still in a large bearish arrangement on the 1D chart.
Currently, it is still considered just a pullback in a major downward trend.
To break this situation, it will require a breakthrough on the 4H chart, and only after another range breakout can we determine that a reversal in the major cycle has begun.