November 5: Today's funds are up to 750u. My main positions are long BTC at 75,800, long ETH at 2,240 (I still have a short on ETH that I haven't closed, but it doesn't really matter), and long gold at 3,950. I'm getting ready to go aggressively long on BTC and gold. I went out for a late-night snack yesterday and wasn't watching the market; otherwise, I definitely would have added to my position when it broke through the 78,600 range. My current expectation is that BTC will continue rising after consolidating, so I'm adding to my long position here, with a stop-loss of around 500 points and a target of around 82,000. The risk-reward ratio is pretty good too. I'll watch for a strong resistance around 82,000 and see whether there's enough volume to break through. If it does, I'll add to my position and go all in. #BTC #Gold
After my short position was liquidated on August 19, my long position was liquidated this morning, October 30. Continued weakness in U.S. stocks, the approaching midterm elections, and expectations of another rate hike before year-end meant that the 79,000 level couldn’t hold. On top of that, hackers stole funds from Binance’s hot wallet overnight, briefly driving the price down to 76,000. Although I’m still bullish overall, I couldn’t handle the volatility of a medium- to long-term position. Last month, I turned 300u into around 7,000u in profits and withdrew 4,000u. I’m grateful—that was the best decision I made during this trading run. Looking at it now, I’m still only suited to growing a small account, so I’m starting again with 300u in a live account and trading intraday. 75,000 below is an important support level at the 200-day moving average. Hopefully the market can bottom out there. #加密杠杆头寸24小时清算15亿美元 #btc
Often, before major data is released, it’s usually not suitable to place orders. The reason is that after the data comes out, it’s easy to get swept by stop-hunts moving both up and down. Even if I miss this move on the sell side, I’m not willing to gamble on it going up. The market never lacks opportunities, so I’m fully flat this time. After the data is released, we’ll wait for the market direction, then look for an entry. Brothers, staying in cash is an art.
Although I was sickened by the scammer's fake breakout leading to a hookup earlier, in the end I still got the breakout trade. Most of my position took profit; I left a small core position and bet on the previous high #btc
Whether it can go up or not depends on whether this trendline has a valid breakout—wait. A breakout means a surge; otherwise, it will continue to be pressured and fall to even lower levels #BTC
The big pancake and small pancake pulled back—so I decisively added more. Watch 86,000–87,000. If it drops to 82,000, cut back position size. If it falls below 81,700, exit immediately. If it breaks this level, there’s no point in holding. If you want to grab a few thousand points of big profit, being temporarily in a floating loss is totally normal—but the key is: once a critical level is broken, you must cut losses and sell. You can’t hold the position to the end. #BTC #ETH
The big pancake and small pancake pulled back—so I decisively added more. Watch 86,000–87,000. If it drops to 82,000, cut back position size. If it falls below 81,700, exit immediately. If it breaks this level, there’s no point in holding. If you want to grab a few thousand points of big profit, being temporarily in a floating loss is totally normal—but the key is: once a critical level is broken, you must cut losses and sell. You can’t hold the position to the end. #BTC #ETH
The pullback on August 19 exploded me—luckily I’d already withdrawn my principal. After going through a month, I used 300U to put back more than $5,000. Before that, I shorted Bitcoin from 80,000 down to 57,000, and Ethereum from 2,300 down to 1,500—I didn’t fully close. I wanted to keep seeing 50,000 and below 1,500. I added more shorts when it rallied to 60,000, but the market taught me a lesson. The market trend has already changed; the late bear and early bull have taken shape. Trading is about following the trend—don’t fight against it. In the run-up to year-end, every pullback is an opportunity to go long. By year-end, first look for a 100,000 big coin. Brothers,抓住 this opportunity—don’t get left off the train!
$BTC clearly a daily-level downward channel plus a double-top structure; the CPI release on Tuesday will very likely accelerate the formation. Meanwhile, the four-hour MACD here has already turned bearish, and the daily MACD is also trending from bullish to bearish. The structure plus the indicators have already signaled the next move. The big players are waiting for a catalyst in the news. The risk-reward ratio here is also well worth taking. Set your stop loss properly, and the rest is up to time.
$LAB Don't you guys go for a bargain at the bottom, brothers? While others are afraid and I'm greedy, at worst it'll go to zero. If it rises to 3, I'll get out.
One hour of fluctuating upwards, trading along the channel boundary can yield a good profit-loss ratio; the closer to the upper boundary, the more one can short in batches.
It's not terrible to go in the wrong direction; what's terrible is to keep holding onto a losing position while fantasizing about prices coming back to rescue you. I've stubbornly held through a thousand points, and Bitcoin has dropped from 100,000 to 80,000; in the end, it all results in liquidation. The first lesson the crypto world taught me is to dare to cut losses and cut them in a timely manner!
Last week, I predicted that Bitcoin would continue to fall, and I observed the previous support levels around 70,500 to 71,000. It tested the support three times, and the body failed to close below 70,500. Then it began to break through the upper resistance at 71,400, but there was no stronger downward momentum. Therefore, I closed my short position and turned long. If you look at the 1-hour EMA200, you'll see that both times it broke and recovered had rebounds of over 3,000 points. So here, we should be more bullish and go long. Now the resistance level is at 75,000; let's observe the volume and price action here, as the probability of a breakout seems high. The whale should go up to seize the liquidity above before dropping again. $$BTC
The market has reached a critical resistance level, encountering obstacles and falling back. With the positive news under the background of the ceasefire coming to an end, a normal correction will occur. As a master of drawing, let's randomly sketch and see if it aligns with the expected trend #ETH $ETH