Everyone's talking about trend is king, go with the trend. But how many can actually hold onto a trend trade? #BTC #ETH #bnb
From the perspective of a seasoned crypto veteran, if you missed this trend, that's one thing. But going long against the trend and holding onto that position... let's just say, it's not worth elaborating.
On May 10th, I mentioned that Bitcoin had likely peaked, with support around 50k. Back then, it was at 82k and today it's sitting at 66k.
Some are asking why I haven't updated the posts lately? Just riding the deep bear market as expected. What is there to update? Making profits off-exchange by buying spot, bro. Do you really think I’m just flipping positions on the 15-minute chart to scam you out of your membership fees?
一凡Bit
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Bitcoin has likely peaked, looking at 50k below! #BTC #ETH If the top consolidation zone is around 0.618-0.666, and we can't get above 81,500-81,600 on the charts, or if we see a false breakout at the previous high of 82,800, then it’s highly probable we’ve hit the top. Breaking below the minor trendline would present a solid short opportunity.
In Chart 2, if we break below the major consolidation zone top at 79,500 and the major trendline, it officially signals the end of this rebound. We might see a classic scenario of a month-long downtrend again, with a potential crash to 30k! The target is aimed below 60k, currently expected to be around 50k.
Oh~~~ Is the King of Understanding here? ... Have the good news been fully priced in, or is the bullish rally just getting started??? Keep an eye on this key level??? #BTC #ETH
Bitcoin has likely peaked, looking at 50k below! #BTC #ETH If the top consolidation zone is around 0.618-0.666, and we can't get above 81,500-81,600 on the charts, or if we see a false breakout at the previous high of 82,800, then it’s highly probable we’ve hit the top. Breaking below the minor trendline would present a solid short opportunity.
In Chart 2, if we break below the major consolidation zone top at 79,500 and the major trendline, it officially signals the end of this rebound. We might see a classic scenario of a month-long downtrend again, with a potential crash to 30k! The target is aimed below 60k, currently expected to be around 50k.
Bitcoin has outperformed 90% of retail traders and 90% of KOLs just this month by not going short. #BTC Stop shouting 'short' already! With you guys calling for retail to sell all day, it won't drop!!! #ETH From a chart pattern perspective, it should've dropped ages ago, but the shorts are too crowded. Most retail traders are shorting, and with funding rates at an unprecedented negative, the whales aren't going to let the retail crowd win.
I'll only consider going short if it breaks below 81k and 79,500. Until it breaks those levels, it’s going to keep pumping and grinding. Just this month, not going short has put me ahead of 90% of retail traders and 90% of KOLs.
The funding rate for Bitcoin is showing an unprecedented negative value, even surpassing the lows of the last bear market, indicating that the vast majority of retail traders are going short.
In the long run, market rises and falls are controlled by the big players, and it's mainly the retail traders who end up losing. Given the current situation, the big players won't let these early shorting retail traders have their way.
The daily trend line hasn't been broken yet, so we should patiently wait for the funding rate to turn positive. A massive bullish candlestick that fakes a breakout before dropping back down will be our opportunity to short.
A wise trader knows that it's not about frequent trades, but rather about patiently waiting for the right moment #BTC #ETH .
I know he wants to rise, but I don't know what kind of news made you all rush in.
Since you all are bullish, I will be bearish. At the two positions of 72000 and 76000, I will short regardless of the mistake, targeting 63000-60000-50000 #BTC #ETH Ethereum 1300? 1000?
一凡Bit
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Bitcoin is likely to have one last pump, then we'll see 50k!\nListen up, everyone, seize the opportunity! #btc #eth \n\nEven in a bear market, there are bullish moves; we're aiming for gains in the thousands, not just 300-500 points.
Bitcoin is likely to have one last pump, then we'll see 50k!\nListen up, everyone, seize the opportunity! #btc #eth \n\nEven in a bear market, there are bullish moves; we're aiming for gains in the thousands, not just 300-500 points.
As long as Bitcoin's important support at 69000 does not break, I firmly see a bullish trend near 71700. #BTC
If we break below 69000, we should leave if we need to, and cut losses if necessary; currently, there are many short positions, and the funding rate remains negative, with a naked K-line gap existing near 7.2.
Subjectively, I believe it's not so easy to break below 6.9, and currently, there are no short opportunities. We continue to wait for price action near 72000.
The long positions near 67600 are currently in profit by over 2000 points, and we can move the trailing stop to around 68500 to secure some profits.
The market has been behaving very strangely these days~ but it is highly likely that the market is brewing a significant downturn~ #BTC #ETH Around 70,000, at such a time and price that is not worth buying, the market always seems to have funds supporting it, quickly pulling back whenever there is a slight correction, and the high trading volume at elevated prices has not suppressed the price.
Moreover, the market's funding rate has been negative for several days, indicating that more people are shorting, so the main players will naturally not let retail investors have their way.
Therefore, it is highly likely that the market is brewing a significant downturn, making the price appear strong, making it a habit to go long during corrections, and causing more bears to surrender and turn bullish, then the real violent drop will come. Although there are a few short positions in hand, and the price is at a relatively high level, these bearish positions with weak resolve can indeed easily give up.
72000 false breakout drops back, lower targets 60,000 - 50,000 - 48,000 Is it to earn a small profit from transaction fees, or to hold for the long term to earn big profits? It's a choice each of you must make,