Bitcoin daily five consecutive green candles, with absolutely no sign of a top. Now the shorts have become fuel—most of them have been liquidated. For now, we’ll continue to observe. Even if it doesn’t rise over the weekend, it should still trade in a range. The top structure needs some time to form, so I’m not worried about missing the move.
From the BTC liquidation map, it looks like nearly all the shorts have been liquidated, leaving only a small amount of positions. This suggests that the probability of further liquidation to the upside isn’t very high. In the short term, I’m more inclined to trade a top-confirmation pattern and then start moving downward to liquidate. So once a head/peak structure forms, I’ll enter a short position without hesitation.
The big pie has been continuously rising in a bearish divergence for days, but no top signal has appeared. Also, the small short position that I placed at 7.3w yesterday was stopped out—my first attempt to touch the top failed. Next, I will wait for a head-and-shoulders/top signal before considering entering a short. Be patient and wait for the opportunity.
BTC price action is basically consistent with my prediction. When the first wave broke above 70k, then a high-level consolidation small triangle formed. Of course, those who missed the move couldn’t wait and started shorting near the triangle, so at this point it’s definitely necessary to push up another high point—at least to shake out all the first batch of shorts. Even the brother with the 1-billion target got stopped out on his trade.
This is basically the final leg of the acceleration. As planned, I placed short orders around 73k. At the moment, I’ve only shorted a small position; later I will add to the short position. Right now I’m just trying to catch the top. I think the probability of this wave being a bull trap (bullish fakeout) is quite high. I placed a short order in advance. If we do get the follow-through, I’ll look at whether the top formation is valid before deciding whether to add more shorts.
Most of the time the market is in a ranging/sideways trend. But when an opportunity appears, you have to be bold and get on the train—only if you can hold your position. Otherwise, it’s very easy to get thrown off. Most importantly, when there isn’t much of an opportunity, you need to be able to control your hands. When the chance comes, go in boldly. Of course, sometimes you might get stopped out one or two times, but if you catch a wave of the trend, you earn back both your principal and profit—that’s the right way to bet big with small.
I remember last month: being able to profit from both long and short—netting around ten thousand points. After that, even though I stopped out in the middle, the loss was small and the gains were big, which makes it the most cost-effective play. You must bet big with small, not enter and make a little profit then run. If you lose, don’t give up and try to hold on. Also, playing short-term is easy to make a few quick wins and then lose big on one loss, or even get liquidated. That’s why I prefer trading longer swing/major trend moves. For example, enter long at the low point, then short from the high point for the whole stretch of the trend. Sometimes your prediction of the low or high may not succeed in one try—but as long as the pattern supports going long or short, you should attempt it. Don’t be afraid to get it wrong.
This time I also secured a profit of over seven thousand points. In fact, it proves that this kind of swing-trading strategy delivers very good overall profits. Sometimes when it’s fast, you might be done in just two or three days. But sometimes the consolidation lasts longer and you need to hold for ten days or half a month. This time the duration was a bit longer, but the final profit was still very solid.
As for the next moves, first of all, I won’t consider chasing the price higher. This leg of the rally has already taken up a lot of room, so I’ll be more inclined to catch the top and short. My current expectation is that it’s going to set another high point. If BTC touches around 7.25w, I’ll decide whether to enter a short position. That’s my expected shorting area—right now, I definitely won’t consider shorting.
Because it had been ranging for a long time, completed a breakout, and then started accelerating upward—although a sharp rise can easily be followed by a sharp drop. In this rally, the shorts have been liquidated for the most part, but those who missed the move (or got stopped out) will still be tempted to short immediately. At this time, many people have already been affected by their mindset. Also, looking at the chart, yesterday closed with a big bullish candle—clearly showing strong buying pressure. In the short term, they won’t rush to dump and take profit.
According to the behavior of a “dog/rogue trader” (big players/manipulators), first, they’ll set another high point to blow up those who can’t resist shorting again. Second, they’ll give people the impression that a huge breakout rally is continuing, then set a bull trap—after moving sideways for a while, it will come back down.
Damn, I made a killing. I held the long positions for so long and finally it took off. Even though the market has been choppy the whole time, these past few days Gege has been steadfastly bullish. And he kept topping up confidence—just afraid you won’t be able to hold. These two days he’s been repeatedly saying it’s about to break out; don’t open shorts. I don’t know if you listened to what Gege said.
In any case, a massive surge might be late, but it won’t be absent. Congratulations to the friends who believed in Gege these past few days and held longs with conviction. Right now, at this moment, it feels damn good—made a killing. You can sleep beautifully tonight.
Also, regarding my long entry cost: I’ve been holding longs with a cost of 62.6k. When it was in the 63k–64k range, I kept telling everyone to enter longs. Now the current price is 69k. Friends who have been paying attention for a while know that my first target is the 68k–70k range. The ETH cost is around 1845. A lot of friends entered longs around 1880, and now they’ve also got over 200 points of profit.
Gege has said it many times: basically I only play swings, rarely short-term trades. Sometimes you might need to hold for a while, or get stopped out for breakeven when you’re hit—but if you just manage to catch one big surge, you basically end up full to the brim.
Finally, once again, congratulations to the friends who kept opening longs and following Gege—you made a killing. Targets are set and on point. Just remember to take profit in batches. Good night!
Although Btc broke through a little, it didn’t manage to hold, and then it was pushed back down. At the moment, the price is still near the upper trendline. Here, a small pullback is likely, and afterward it may continue to break through. So for long orders, set a break-even stop-loss strategy—wait for the real breakout.
Whether it’s BTC or ETH, the prices have been continuously ranging, but in terms of structure, they’re basically forming a triangle pattern. The price is gradually approaching the end of the triangle, and most of the indicators have been digested. Therefore, the probability of continued upside after building momentum is relatively high. Whatever you do, don’t short, because the 65,000 pressure level will be worn down soon.
Another night has passed on ETH, but the price is still hovering near the upper edge of the range. It hasn’t broken through and held yet, but judging by the overall indicators, the probability of a breakout remains high. So the long positions have already been set up in a break-even/stop-loss-protected configuration.
Rock solid—SanDisk basically shorted near the highs. They nailed over a hundred-plus points in profit, including gold, and long positions in BTC and ETH all raked in big gains.
Judging by BTC’s liquidation chart over the past week, the price has been consistently rebounding in the short term. Near the overhead resistance line, there are also plenty of positions, so once the sell pressure has been absorbed, it may continue upward to liquidate further. Breaking above the next cluster around 65,000 (6.5w) would likely be near 68,000 (6.8w). The lower position cluster is around 62,000 (6.2w). Overall, the bias still leans toward continued liquidation upward.
Gold (XAU) is a bit hitched and hard, but taking a triangular setup at the high level is a bit dangerous. This isn’t an ascending triangle—it's a symmetrical triangle pattern. So for now, I’ll hold a short position and see; if things look off, I’ll retreat!
Brothers, I’m going to short gold—anyone in with me? The current price is 4396, short right here. A double top has formed, and it should continue to pull back for at least a bit more. Let’s go, let’s go, let’s go!
SanDisk Bang Bang hard—ever since it broke through the trend line, the price has been rising all the way. In the short term, there’s a need for a pullback. A divergence appeared on the 4H timeframe, and a pullback to 1630 should be no big problem.
The big pancake bull position has been held all along. The overall price is still fluctuating, so there isn’t much movement for now. I’ll keep holding for the time being. If things go wrong, Gua Ge will let me know to retreat, so during this period I’ve been going after shitcoins—playing with a small amount is still really comfortable. A couple of days ago I bought two and they both turned into dozens of times—haha
Embrace something new—the giant beast structure is now in place. I bought it with a 70k valuation, and I pulled out the principal once it hit 1m. Now I’ve kept a little ant-position, still holding the overall mindset. By the way, “Gua Ge” is still very steady when it comes to hunting trash tokens—really well handled. But this giant beast has tremendous potential. Now, regarding the 149 BNB of tax-related allocation for the “genius boys,” it’s uncertain whether they will claim it. If they do, it’ll directly take off—after all, the narrative has been engaged with by CZ twice in a row.
Also, this is a new thing on the BSC chain. If nobody claims it within seven days, then later those BNB will automatically buy in, then repurchase and burn. The claim countdown is 4d–5h. So no matter how you look at it, this giant beast’s potential is very significant—it could possibly be a 10m benchmark target. At a 1m market cap, the floor price is cheap beyond cheap!
The BTC daily indicators have basically already been digested for the most part. And yesterday it directly closed with a big bullish candle, which means the buy orders are still relatively strong. So for now, the probability of a temporary “fake breakout” is fairly low. Once it breaks out, it would likely mean a real uptrend, because after so long of consolidation, if it were going to drop, it would have dropped long ago!