In the crypto market, it can’t keep falling—does that mean it only goes up? Bitcoin is biding its time to break out—should you go long now? How should you handle other small coins? Take a look now.
1. Let’s start with Bitcoin. Although the double-top breakout failed, it just won’t drop! That’s a strong signal and suggests it may attempt another push higher. Even if it doesn’t break out, it would just behave like it does now. But—what if it does break out? So here’s what I’m doing:
2. I didn’t chase a long on BTC or SOL, because both are near their previous highs, and buying the breakout carries some risk. So right now we’re focusing more on assets that pull back nicely but still have strong potential. That keeps risk lower and the trade more worthwhile. The question is: which ones?
3. As shown in the chart. Shu Qing suggests going bargain hunting for Pengu, CRCL, and BNB. The first two have already corrected by 25%, while BNB hasn’t really exploded yet—there’s decent upside potential. And for downside, its pullback is relatively stable. So don’t you think these are more stable than buying BTC, ETH, and SOL directly near their previous highs before?
4. Of course, we’ve also had people bargain-hunt with BTC and ETH. In earlier analysis, we targeted the BTC support at 82,500 and ETH’s 2,640 support zone for buying. Back then, since they were weak and had already pulled back a lot, we bought them. And now, since Pengu and CRCL have pulled back significantly, we buy them at this moment—this helps ensure each coin is bought at a relatively low level.
5. Therefore, Shu Qing’s entry points are still quite accurate: we wait until they drop to key support levels before considering taking action, and then you start making money right after entry! So even if our positions are roughly the same, the difference could be as much as 10% after this round-trip. And if you also include the wave of topping out and then re-entering, there could be an additional arbitrage of 20–30%! How is that—sounds pretty good, doesn’t it?
1. Let’s start with Bitcoin. Although the double-top breakout failed, it just won’t drop! That’s a strong signal and suggests it may attempt another push higher. Even if it doesn’t break out, it would just behave like it does now. But—what if it does break out? So here’s what I’m doing:
2. I didn’t chase a long on BTC or SOL, because both are near their previous highs, and buying the breakout carries some risk. So right now we’re focusing more on assets that pull back nicely but still have strong potential. That keeps risk lower and the trade more worthwhile. The question is: which ones?
3. As shown in the chart. Shu Qing suggests going bargain hunting for Pengu, CRCL, and BNB. The first two have already corrected by 25%, while BNB hasn’t really exploded yet—there’s decent upside potential. And for downside, its pullback is relatively stable. So don’t you think these are more stable than buying BTC, ETH, and SOL directly near their previous highs before?
4. Of course, we’ve also had people bargain-hunt with BTC and ETH. In earlier analysis, we targeted the BTC support at 82,500 and ETH’s 2,640 support zone for buying. Back then, since they were weak and had already pulled back a lot, we bought them. And now, since Pengu and CRCL have pulled back significantly, we buy them at this moment—this helps ensure each coin is bought at a relatively low level.
5. Therefore, Shu Qing’s entry points are still quite accurate: we wait until they drop to key support levels before considering taking action, and then you start making money right after entry! So even if our positions are roughly the same, the difference could be as much as 10% after this round-trip. And if you also include the wave of topping out and then re-entering, there could be an additional arbitrage of 20–30%! How is that—sounds pretty good, doesn’t it?