[Pinned Learning Post] Bitcoin Chuan Trading Basic Technical Analysis Teaching, Compilation of Important Previous Articles | 'Be Friends with the Market, Accompany the Trend'
This article compiles some of my past teaching videos/articles that are helpful for beginners, as well as records of bottom-fishing and topping out during previous Bitcoin bear markets; for everyone's quick browsing and learning. 1. Here’s Chuan's exclusive Binance registration link for commission rebates: 比特川交易8折手续费永久返佣链接 | Rebate registration invitation code: BN909 (20% permanent fee rebate); contact Chuan after registration to enjoy copy trading for free! Using my invitation link, you can enjoy permanent fee rebates in addition to free trading signal strategies; become part of Chuan's family! 比特川合约策略聊天群点这加入 👈 Binance chat room, Chuan's Binance chat ID: chuan666; if you don't know how to operate, feel free to comment and ask me!
Many brothers think it’s strange that I didn’t open a long position with #BTC . Actually, it’s not strange at all.
In the afternoon, those who dare to open longs are basically “betting.” This month’s return rate is okay. I don’t want to use that betting mentality to let VIP brothers open positions. So we’ll stay focused on stability instead~
In today’s video, I repeatedly reminded everyone not to short—that’s a clear stance. Right now, it’s just like the title of my video today: don’t rush to short. The long setup hasn’t broken yet.
From this afternoon until now, as long as you haven’t shorted—being in cash with no short positions—I think you’ve already outperformed 80% of traders.
Alright, I won’t say so much. Haha. Everyone, set a price alert for the resistance I mentioned just now—when it’s time, you can consider entering longs on the right side.
比特川
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Bullish
The #BTC mentioned at 2:00 p.m. about adding liquidity/support is still very authoritative. Too bad though—I didn’t connect/make more orders myself, so I didn’t dare to.
Brothers who watched today’s video should also know the core message I wanted to convey today: whether it’s Bitcoin or Ethereum, I want to follow a strong bullish trend.
Right now we’re in a pump. IBIT and GBTC are also moving up. Everyone can watch the 85,000 / 2,710 resistance level this evening. If it breaks through, you can consider continuing to go long. If you do, do it in a “strong” direction.
#BTC After the ETF launched, the main focus is on the capital flows of IBIT and GBTC
For now, for IBIT I can provide a resistance level for everyone as a reference: 48.1/48.2. If this level breaks, it corresponds to BTC breaking through 85,000.
Next: If IBIT breaks above 48.2, does that mean it has broken the white resistance level shown in the chart (breaking out of the consolidation range), and will once again see a new round of a big rally?
比特川
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Bullish
The #BTC mentioned at 2:00 p.m. about adding liquidity/support is still very authoritative. Too bad though—I didn’t connect/make more orders myself, so I didn’t dare to.
Brothers who watched today’s video should also know the core message I wanted to convey today: whether it’s Bitcoin or Ethereum, I want to follow a strong bullish trend.
Right now we’re in a pump. IBIT and GBTC are also moving up. Everyone can watch the 85,000 / 2,710 resistance level this evening. If it breaks through, you can consider continuing to go long. If you do, do it in a “strong” direction.
The #BTC mentioned at 2:00 p.m. about adding liquidity/support is still very authoritative. Too bad though—I didn’t connect/make more orders myself, so I didn’t dare to.
Brothers who watched today’s video should also know the core message I wanted to convey today: whether it’s Bitcoin or Ethereum, I want to follow a strong bullish trend.
Right now we’re in a pump. IBIT and GBTC are also moving up. Everyone can watch the 85,000 / 2,710 resistance level this evening. If it breaks through, you can consider continuing to go long. If you do, do it in a “strong” direction.
Before today’s video update, quickly share a chart image with reference: #BTC .
Today, for BTC, everyone only needs to watch this range: 82800–82500. If it reaches there, you can take the trade, and manage take-profit/stop-loss according to your own judgment.
If it doesn’t drop there, after the US stock market opens in the evening, if I place a trade, I’ll share it as well~
Yesterday evening’s long order has already taken profit~ Still can, you know~ #ETH ate 30 points✅
The long strategy from last night, including the add-on entries and stop-loss levels, can be called “top-tier.” BTC stop-loss at 83500, ETH stop-loss at 2630.
For BTC’s stop-loss and take-profit, I generally set everything with an offset of 100 points downward, and ETH also has a corresponding offset setting.
Eat breakfast ☕️ and go! 🏃♀️
比特川
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Bullish
Now that #ETH is already up, they don’t say the exact points too clearly. As shown in the picture, 61.8 below is support, and the level above is resistance. Just open this long position based on the style of analysis I use in my daily video recordings.
Take profit and stop loss need some allowance. The support below is for adding to the position, then move the stop loss lower a bit.
Now that #ETH is already up, they don’t say the exact points too clearly. As shown in the picture, 61.8 below is support, and the level above is resistance. Just open this long position based on the style of analysis I use in my daily video recordings.
Take profit and stop loss need some allowance. The support below is for adding to the position, then move the stop loss lower a bit.
#BTC The current order book structure is actually more “stable” than ETH’s structure; the volatility isn’t that big, and there is clear support and resistance.
Now, after breaking through the 85650 resistance shown in the chart, I may consider going long again if it breaks above 86000;
and if it drops to support levels 84500 and 83000, I mainly plan to watch how price behaves at these two points. When it drops, observe, then determine the support to go long.
Looking at the 1-hour timeframe #ETH has already dropped to around 0.236 (2710) but I still want to wait a little longer.
Gold is down sharply today—I’m not sure what’s going on; IBIT and GBTC opened down about 1% pre-market Let’s let the bullets fly for a little while longer!
If it breaks through 2745-2750, I might consider going long as well as the long setup strategy mentioned in today’s video.
Li Ka-shing once said: Never ever try to earn the last copper coin
Today, after closing the #BTC long position and taking profit, it’s time to start today’s quick exit It really feels like autumn is here~🥺 Sweating while getting blown by the wind, shivering cold~🥺
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