Wolf_king88

📊#BTC continues to break support, what's next?

🧠From a structural perspective, yesterday's break below the 84,000-86,000 support zone means we broke below the candlestick concentration zone ahead. Although the price has recovered now, the market has given a more pessimistic signal, so we need to respect the market. Yesterday, we also mentioned that the downside risk has not been lifted, so long trades need to be more conservative, so we lowered our positions and chose to move the stop loss up, and ended up with a small loss.

➡️If you still want to participate in new long trades, then we need to wait patiently for the bullish structure to be established, or more stabilization signals to appear.

➡️If the overlapping yellow support zone continues to be broken, then pay attention to the next support zone of 72,000-73,800

Let's see👀

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#Wolf_king88 $BTC

📊#ETH breaks downtrend line📈

🧠We broke downtrend line and formed a long structure, but we are currently in resistance zone, so we need to wait for price to return to downtrend line or yellow support zone before we can participate in new long trades.

➡️If we can form an ascending triangle in current resistance zone and break through, then I will consider participating in some small long trades at market price.

⚠️Note that downside risk is not completely eliminated, so new trades need to be conservative.

Let's see👀

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#Wolf_king88 $ETH

📊 Is the decline of #BTC over? 💬

🧠From a structural point of view, we started to rebound after hitting the support area of ​​84000-86000, and successfully broke through the downward trend line, which means that the downward trend at the 1-hour level has ended, and we need to be alert to the risk of rebound.

➡️From a graphical point of view, an ascending wedge is constructed here. Generally, we will fall according to this model. Therefore, if you want to participate in new long transactions, you need to wait patiently for the price to return to the vicinity of the downward trend line or return to the vicinity of the yellow support area.

⚠️Note that the larger level of downside risk has not been eliminated. We still need to maintain a cautious attitude and focus on shock trading.

Let's take a look👀

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#Wolf_king88 $BTC

#BTC

The development is not as expected, and the support near the turning point has not been stabilized, so our long orders have been completely withdrawn near the cost price. For new long orders, we must wait patiently for the stabilization after breaking through the downward trend line before entering, or observe whether the support area 84000-86000 can build a reversal structure of the same cycle to decide whether to participate in new long transactions.

If it falls below the support area of ​​84000-86000 and does not recover quickly, it means that a bigger decline is coming, because there is no K-line dense area between 84000-72000, which means that the support is lost, so new long transactions need to be cautious enough. Because it is close to the support area, chasing shorts is also not advisable. Keeping more patience to protect your funds may be the most important thing at the moment.
#Wolf_king88 $BTC

#ETH USDT.P Crossing 2540 

🎯TP3✔️ 
✔️Complete all TP🌕 
➡️Close position🍻

#BTC

Since our entry point was not ideal, we have exited near the cost price.

If you only executed the second entry point, you would have a profit of $1,000 and can reduce your holdings by 30%.

I still need to observe new trading opportunities. Please wait patiently for notifications.

📊#BTC reaches the buy zone, beware of rebound⚠️

🧠From a structural perspective, the support zone of 94000-95000 was broken, which continued the strength of the bears. This support zone has been tested many times. After being broken, it will turn into a resistance zone. Generally, it may be blocked and fall back when it reaches here for the first time. The target area of ​​the bear structure has also been achieved, so we need to be wary of the risk of rebound.

➡️From a graphical perspective, the symmetrical triangle chose to break down and reached the expected target (L: 91160), so we need to be wary of the possibility of a rebound from here. The lower edge of the triangle has turned from support to resistance

Let's take a look👀

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#Wolf_king88 $BTC

📊#BTC Still need to wait patiently☕️

🧠The market fluctuations on Monday are very violent, because all parties' capital will enter the working state, so we need to be cautious enough. BTC's dominance has increased again, which also caused us not to follow the market further down, but we still need to be vigilant about this possibility.

➡️The current support of BTC is around 95000-94000. If it can be supported here and recovered quickly, then the resistance area we need to pay attention to is 96000-96600

➡️As the price is gradually compressed, we need to wait patiently for the long structure to be built here before we can actively look up.

Let's see👀

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$BTC

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📊#ETH reaches target zone✔️

🧠We tested the resistance zone 2820-2840 again. Although it broke through, it did not stabilize, so we tried to participate in some short trades in this resistance zone. Fortunately, everything went well. Now it has reached the support zone near 2646-2686. You can lock in major profits and look forward to more.

➡️From the perspective of the chart, near the lower edge of the symmetrical triangle, we need to pay attention to the support here to decide whether to participate in long trades instead of chasing shorts here.

Let's see👀

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#Wolf_king88 $ETH

📊#BTC Support and Resistance Zones Worth Watching

🧠From a structural perspective, we are once again blocked near 99,000. The downward momentum at the 4-hour level has not weakened, so 97,000 is considered a short-term pressure zone, and 95,000 has a support effect.

➡️From a morphological perspective, the price is blocked and falls back after approaching the upper edge of the triangle, so the support zone worthy of our attention is near the lower edge of the triangle at 94,000.

Let's see👀

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#Wolf_king88 $BTC

📊#ETH is in the resistance zone, beware of the pullback⚠️

🧠From a structural perspective, we have once again come to the resistance zone of 2820-2840 that has been tested many times. Only by breaking through and stabilizing this area can we usher in a big rise, so we need to be wary of the risk of a pullback.

➡️From a morphological perspective, the price is gradually squeezed to form a symmetrical triangle, so the upper and lower edges of the triangle have a support and resistance effect.

⚠️The blue price mark is the resistance point, and the yellow price mark is the support point. The price mark will change over time or the structure will change. We can't be too obsessed with the specific points in the chart.

Let's take a look👀

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#Wolf_king88 $ETH

📊#ETH Spot Trading Plan💥

🧠From a structural perspective, we are still in a downward trend. Before the downward trend line is broken, we still have the possibility of further decline. 2700-2900 is a short-term support-resistance conversion zone. If your entry point is near this and the position ratio is relatively heavy, you can consider reducing some of your holdings when the price returns here again.

➡️We have a strong rebound after touching the upward trend support line. If we can build a reversal structure of the same cycle near this support line, then we will most likely usher in a new surge. The complex consolidation phase may last until the end of this month or even next month.

➡️Since I already hold 80% of my ETH holdings, I will consider buying the remaining 20% ​​at a lower price (around 1700). My current holding cost is around 2480. If you don’t have any positions, you can buy some around 2200 and wait patiently.

⚠️Note that it is best to use the DCA trading method for spot trading, and you need to be patient enough☕️

Let's see👀

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#Wolf_king88 $ETH

📊#BTC is approaching the target zone✔️

🧠From a structural perspective, we rebounded after receiving support from the overlapping support zone, and are currently testing the resistance near 99,000 again. If we can successfully break through and stabilize this time, then we have a chance to see around 104,000.

➡️From a graphical perspective, we have been doing sideways consolidation in the past month, and the price has gradually been squeezed to form a triangle. The current price is close to the upper edge of the triangle, so we need to be vigilant about the risk of encountering resistance and falling back. If there is a scenario of falling back, then we can pay attention to the support effect near the lower edge of the triangle at 95,000.

Let's see👀

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#Wolf_king88 $BTC

📊#BTC reaches overlapping support zone, beware of rebound⚠️

🧠From a structural perspective, the highs are falling and the lows are falling, so we are still in this downtrend. But we just touched the overlapping support zone, so there is an expectation of rebound, be cautious about bearish! A more accurate bullish signal can focus on whether the long structure here is established.

➡️From a graphical perspective, we formed a descending wedge near the support zone, and we generally start to rise according to this model.

Let's see👀

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#Wolf_king88 $BTC

📊#BTC Downward Channel, where is the support❓

🧠From a structural point of view, we failed to quickly break through the resistance near 99,000 yesterday and there were signs of exhaustion of bullish power, so I chose to manually close the long position. In the end, the market fell as expected, forming a bearish cup-handle structure, so the support area we need to pay attention to is 91250-93000.

➡️From a graphical point of view, we are currently moving in a downward channel. Only if we quickly break through the resistance near 99,000 and stabilize can we maintain a positive attitude.

Let's see👀

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#Wolf_king88 $BTC