The market continues to experience a nightmarish period after October 11.
In just the last 24 hours, a total of 2.23 billion USD has been liquidated, notably with 2.12 billion USD coming from the long side.
It is time for us to acknowledge a reality that, as long as the Coin Premium remains strongly negative (indicating significant selling pressure from the fund), $BTC will struggle to rise again; this is an indicator that everyone should pay close attention to.
However, there is currently a very high liquidity zone around the 86K mark of the short side, and historically, after a shock drop, there is usually a slight technical rebound before continuing downwards {future}(BTCUSDT).
The pull from $BTC causes ho $ICP to decrease significantly, but do you see it still holding above 3 dollars? This is a strong resistance area to serve as a springboard for the next target of 6 dollars. Please hold it. $XRP 1.8 a reasonable buying level with it is quite stable, but it is increasing slowly, not rapidly. This currency is quite safe for accumulation.
Phase 1: Turbulence Capital $100 dropped to $50. General psychology: Want to recover quickly, want to increase lots, want to turn off manual trading bots. Action: Do nothing. Strictly adhere to the system.
Phase 2: After 1 month • Total orders: 10,187 • Win/Loss: 6,669 / 3,518 • Volume: ~3,000,000 USD • Profit: Already has profit
Lessons learned: The capital chart is ugly, has dropped a lot, but the goal remains profit. Victory does not come from "getting lucky" on a big trade, but from eliminating emotions in 10,000 small trades.
Scalping will not make you rich overnight. But if you survive long enough, compound interest will appear. Start small. Stay disciplined.
MY PERSONAL FUTURE TRADING METHOD WITH A WIN RATE OVER 70% 👍 PRICE ACTION TRADING METHOD The Core of Breaking Trendlines & Support/Resistance
1️⃣ What is Price Action? Why do professional traders prefer it?
Price Action (PA) is a trading method based solely on price behavior, with little or no reliance on indicators. PA traders believe that:
👉 All market information (news, sentiment, money flow) is already reflected in the price.
Therefore: No need for complicated RSI, MACD, or Bollinger Bands Just the price chart + key price zones Make quick, clear, and less noisy decisions I mainly trade based on Resistance, Support, and Trendlines 👇
2️⃣ Support & Resistance – The foundation of all Price Action strategies 🔹 Support This is the price zone where the price usually reacts and bounces up → There is a lot of buying pressure waiting here 🔹 Resistance This is the price zone where the price is usually rejected and reverses → There is a lot of selling pressure here How to draw correctly Based on clear peaks and troughs Prioritize larger timeframes (H1, H4) → enter trades on smaller timeframes (M5, M15) Don't draw too many → the chart must be clear
3️⃣ Trendline – The simplest way to read the trend 🔹 Upward Trendline Connecting progressively higher lows Trend: Uptrend 🔹 Trendline Decrease Connecting lower highs Trend: Downtrend
Trading at support and resistance levels requires a clear distinction between reversal and continuation. If the price touches the support/resistance level and a strong rejection signal (long pullback, engulfing) appears → prioritize reversal.
Conversely, when the price consolidates briefly, volume remains good, and it decisively breaks the support/resistance level → that is continuation, so wait for a retest before entering a trade to reduce risk. Is anyone else using Price Action?
When everyone was excited and greedy as the price of Btc reached 110k, I started to DCA sell to gradually exit my position.
Not selling everything at once, but DCA selling gradually.
We have patiently waited for the right selling moment for a long time.
Before that, we DCA bought Bitcoin gradually.
When suffering heavy losses, people gradually realized that no altcoin provided higher profits than Btc. And only trading Long Short for each Btc can bring profits, but it's too late 🙄
All the KOLs and KOCs who once shouted about altcoin seasons are now creating karma by not knowing what the future holds but shouting too enthusiastically to receive commissions.
Currently, there are about 50 million altcoins, and the chance of selecting an altcoin that doubles is even harder than winning the lottery 🙄 too complicated and too many tricks and traps when researching altcoins 🙄
Almost 98% of altcoins are ignored after a brief profit, so their prices gradually approach = 0; finding an altcoin that doubles is even harder than winning the lottery, admin 🙄 so just holding Btc is the best choice.
You should only hold Btc, stay away from Altcoin. The rich only buy Btc and grow richer. The poor only buy Altcoin and the more they hold Altcoin, the poorer they become. Because the cost to create an Altcoin is nearly = 0.
KOLs, for the sake of commissions, write articles misleading people to buy Altcoin. Buying Btc is the way to profit. Currently, 98% of Altcoin prices are gradually approaching = 0 🙄 the chances of winning when buying Altcoin are even lower than buying a lottery ticket.
It is a MISTAKE to think buying Altcoin will yield higher profits than Btc coin. But in reality, through the years and seasons, buying Btc coin is what brings profits. While buying Altcoin always results in losses 🙄
$ICP 1. Trend Structure • The price has just broken out of the prolonged accumulation zone, forming a new uptrend (early uptrend). • Currently, ICP remains above MA(7), MA(25), and MA(99) → the uptrend structure has not been broken. • The appearance of a small red candle after a strong bullish candle only reflects a technical pause, not a reversal.
2. Momentum & Cash Flow • Volume surged at the breakout point indicating active cash flow (initiative buyers), not a technical pump. • No signs of distribution yet: no climax volume, no large-bodied reversal candles.
3. Current Short Position • Shorting in the 4.4–4.5 range is shorting into strength, contrary to high-probability trading principles. • In this context, the probability of a short squeeze is higher than the probability of a top formation.
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When does shorting become reasonable?
Shorting only has a good probability when at least one of the following conditions occurs: 1. Breakdown of structure • A daily candle closes below the 4.0 level • The price loses MA(25) along with increased selling volume → At that point, the short-term uptrend is negated. 2. Failed breakout / bull trap • The price retests the 4.8–5.0 zone but cannot hold • A clear reversal candle appears (shooting star / bearish engulfing) • Volume weakens → This is the point where shorting has a reasonable risk-reward ratio.
• Do not short because "the price has increased a lot" – that is emotional thinking. • Only short when the trend allows, not when the feeling allows. • Currently: staying out or waiting for confirmation is the most disciplined choice.
In trading, not entering a position is also a position.