Bitcoin's callback is imminent, and the big dive of the copycat is a high probability event. WBTC has just crashed, with a drop of 90%. The investors are in a mess. It just dropped from 100,000 USDT/coin to 5,000 USDT/coin.
Who does it correspond to?
Answer: The currency supported by Bitcoin 1:1, fell by 90% in an instant
Note: As long as the leveraged lender wants to harvest, no one can stop it.
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Market collapse is imminent, be sure to try to touch the top
Currently, Bitcoin is still at a very high position, and we believe that it will pull back to 73,000 without breaking through 100,000.
So everyone should cherish the opportunity. There is no market that rises unilaterally without a pullback. Because there are too many long positions in the cottage, especially Ethereum, this wave of Bitcoin pullback will completely clear the long positions in the cottage. Those who have not entered the market to hold short positions should hold short positions as soon as possible.
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11.24 The Bitcoin pullback will cause altcoins to crash
Now is the time to start positioning for shorting altcoins, with light positions or diversified entries recommended, suggesting 2x leverage. This time, once there is a decline, it will be a severe blow to retail investors in the market, and it may even completely extinguish the desire for bullish entries or the funds for bullish positions.
We believe that Bitcoin will pull back to the position of 73,000, and this will happen without breaking 100,000. During this pullback, altcoins will be severely hit.
Of course, our viewpoint may also be incorrect and is for reference only, but do not blindly chase high altcoins.
If you haven't reached the peak yet and are holding shorts on Bitcoin, hurry up and enter the market; it is still at a very high position, so cherish it well.
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For the altcoins below, we use 2x leverage to short, dividing the positions into 10 parts. For example, if 1000U is allocated, we short one altcoin with 100U, and there is no need to reference any support or resistance levels for stop-loss. If a single position loses 20%, we will exit immediately. The idea is that if 100U loses 20U, we exit immediately, which is equivalent to a 10% increase triggering a stop-loss. Let's try shorting the peak altcoins.
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The previous wave of Ethereum's white line matched our hypothesis. This time, let's see if it can continue to align with our assumptions if we operate from the perspective of the leveraged lenders.
Hypothesis 1: Either choose the right shoulder pattern of the head and shoulders formation, fake a breakdown near 3300, and then quickly rebound to around 3370-3400, clearing out the high-leverage shorts that chased the critical level.
Hypothesis 2: Or choose a small-scale downtrend of the 'unconventional head and shoulders pattern', solidifying the current bearish sentiment when the small-scale downtrend is established, dropping to around 3160 or 3220, then quickly rebounding to around 3280-3300 to clear out the chasing shorts.
After clearing out the chasing shorts, drop below 3000, oscillate downward, and then approach 2800 to form support and consolidate.
The difficulty of the white line challenge is extremely high, for reference only, do not treat it as a high-probability event or a certainty.
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Why we choose to continue holding a short position
Firstly, this is just our opinion, and the defensive level is only 15-20 points, because after we hold the short position and post, not everyone will see it immediately.
Why continue to hold a short position? Answer: Below is our prediction "White Chart Line", we believe there will be a decline in these two possible ways. A regular ascending channel has appeared at the three-hour level, and we believe it will not break through the key level of 3500. If it breaks through, we will cut losses and continue to observe; if it does not break through, the wave can look towards around 3210, and the trend can reduce positions based on the support level of the declining market, increase positions at resistance levels, and gradually enlarge the position.
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Has fallen below the key level, the K-line high and support key level breaking pattern conformity is 99%, even surpassing yesterday's Ethereum 'White Chart Line'
The content quality of the article below is 'finely tasted', the entire process is close to 99% of the amplitude area.
The leverage lenders haven't even started drawing lines, and we have already told everyone the answer to the K-line trend, so this article needs everyone's support.
The first image is the white chart, which was posted when there were no K-lines, and the second image is now after the K-line has formed. #比特币突破10万? $BTC
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Bearish
11.22 Bitcoin's "White Chart Line Challenge"
In response to fan demand, we are doing another episode of the Bitcoin "White Chart Line Challenge", taking the perspective of the leveraged lenders to perform a "market control". Due to the high difficulty of the white chart line, this is for reference only and should not be considered a high-probability event.
First, because Bitcoin has currently broken through the small-level resistance at 98440, we will make an assumption.
We believe that Bitcoin will continue to slightly break through the previous high to reach around 100,000 or approach the previous high without breaking it, forming two "head and shoulders bottom patterns". Why does this pattern occur? Because this pattern occurs in a situation where there are more bulls; it does not want high-leverage bulls to profit too much, and it also needs to stabilize bullish sentiment. Therefore, in the case of clearing out high-leverage bulls, a rapid "small mouth V reversal" occurs, stabilizing bullish sentiment while applying pressure on bears. After a period of oscillation and consolidation, we can also clear out small-level high-leverage bears, ultimately breaking below the trend line and rapidly moving downward.
The result would be reaching around 95,000. If 95,000 breaks down, it will drop to 93,000. If 93,000 breaks down, it will likely signal the start of a formal correction. #比特币突破10万? $BTC
A large number of retail investors believe that Ethereum can rebound to 5000, or even 6000. To be honest, "the probability of reaching 500 or 600 is still greater than that of reaching 5000." Ethereum is only around 3500, and the market's greed index for this cryptocurrency has reached 98, close to the panic index of 100, just 2 points away. The long position data is even more astonishing at 96%.
Don't expect Ethereum to rise in accordance with Bitcoin's high point or fall in accordance with Bitcoin's low point; the probability of that happening is quite large.
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The market collapse is imminent, but there are still many retail investors chasing long positions. There is no doubt that this group will be miserable in the future. The market greed index has reached an astonishing 93, the Ethereum single currency greed index has reached 98, and the Ethereum long position has reached 96%. What does this data mean?
It is possible that our wave of reaching the top will fail. Bitcoin will break through 100,000 and Ethereum will break through 3,500. After our failure, Bitcoin will lose 1,600 points and Ethereum will lose 98 points "because Ethereum lost 80 points yesterday" 😂, then we can only wait for the next high position to continue reaching the top. The current market is that laymen watch the excitement and experts see the doorway. Those who still think it is a bull market have indeed not been baptized by the market. The market liver explosion index is 100, and now it is 93. This is a terrible index.
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Hurry up and enter the market with short position, stop loss defense position 100,000, trend target position 73,000, and band target position around 93,000. Don't hold the order, leave the market directly after breaking through 100,000, and continue to try to touch the top.
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Why we choose to continue holding a short position
Firstly, this is just our opinion, and the defensive level is only 15-20 points, because after we hold the short position and post, not everyone will see it immediately.
Why continue to hold a short position? Answer: Below is our prediction "White Chart Line", we believe there will be a decline in these two possible ways. A regular ascending channel has appeared at the three-hour level, and we believe it will not break through the key level of 3500. If it breaks through, we will cut losses and continue to observe; if it does not break through, the wave can look towards around 3210, and the trend can reduce positions based on the support level of the declining market, increase positions at resistance levels, and gradually enlarge the position.
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11.23 Ethereum continues to reach for the top while holding short
Current price, hurry to enter the market, stop-loss defense level at 3500, swing target level around 3210, trend adjustment based on support and resistance levels, final target level at 1500.
Recommended leverage 5-10 times, suggested position 20%
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11.23 Ethereum continues to reach for the top while holding short
Current price, hurry to enter the market, stop-loss defense level at 3500, swing target level around 3210, trend adjustment based on support and resistance levels, final target level at 1500.
Recommended leverage 5-10 times, suggested position 20%
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Bitcoin shorts are exiting steadily, because it has been near the average opening price and has not fallen sharply. Ethereum 3450 has been stopped out, and now choose to wait and see.
Note: Don't operate blindly. With the 24-hour trading mechanism, there are opportunities at any time. Wait and see first.
But we are definitely still waiting for opportunities to hold shorts. Unless Ethereum collapses once, we will never hold longs. This is my personal opinion, for reference only, and operate steadily. #非BTC板块市场走势 #谁将成美SEC新主席?
Because our recent trend increase has adjusted the average price to around 3380-3400, and since Ethereum has now seen a pullback, although it's only by a little over 20 points, it’s already sufficient to cover our increase and decrease trading fees. Additionally, this recently increased portion has already generated a small floating profit.
Assuming you just increased your position by 1000U, closing this 1000U increase from the trend order is equivalent to not spending a penny while directly pulling the average price to around 3400. $ETH #ETH市场新动向
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11.23 Ethereum short position reminder
Ethereum trend short position, stop loss 3450, go directly when this position is touched, and go short after consolidation.
Short position also enters the market directly, stop loss 3450, go directly when this position is touched, do not hold the order, the target is around 3210.
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Ethereum trend short position, stop loss 3450, go directly when this position is touched, and go short after consolidation.
Short position also enters the market directly, stop loss 3450, go directly when this position is touched, do not hold the order, the target is around 3210.
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The "White Chart Line" Challenge of 11.23 BTC Successful
The similarity of K lines matches 80%, and the high points and the points about to break completely match 100%. As we expected, the "leverage lending party" used the rapid small mouth V reversal of the top two head and shoulders patterns to clear the small-level long and short sides, and stabilize bullish sentiment.
The value of the article below is worth "savoring"; the entire process has a very high degree of consistency. Although the K lines are not as precise as the "White Chart Line" challenge of Ethereum yesterday, the current consistency of Bitcoin is still considered up to standard.
The first image is the white chart, which was posted when there were no K lines, and the second image is after the K lines have developed. #比特币突破10万? $BTC
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Bearish
11.22 Bitcoin's "White Chart Line Challenge"
In response to fan demand, we are doing another episode of the Bitcoin "White Chart Line Challenge", taking the perspective of the leveraged lenders to perform a "market control". Due to the high difficulty of the white chart line, this is for reference only and should not be considered a high-probability event.
First, because Bitcoin has currently broken through the small-level resistance at 98440, we will make an assumption.
We believe that Bitcoin will continue to slightly break through the previous high to reach around 100,000 or approach the previous high without breaking it, forming two "head and shoulders bottom patterns". Why does this pattern occur? Because this pattern occurs in a situation where there are more bulls; it does not want high-leverage bulls to profit too much, and it also needs to stabilize bullish sentiment. Therefore, in the case of clearing out high-leverage bulls, a rapid "small mouth V reversal" occurs, stabilizing bullish sentiment while applying pressure on bears. After a period of oscillation and consolidation, we can also clear out small-level high-leverage bears, ultimately breaking below the trend line and rapidly moving downward.
The result would be reaching around 95,000. If 95,000 breaks down, it will drop to 93,000. If 93,000 breaks down, it will likely signal the start of a formal correction. #比特币突破10万? $BTC
Please read the following content carefully and understand!! 1. The strategy reference we provide is for you to execute, not for you to modify. Do not ask us about issues after holding positions, as we have never held positions and do not know how to handle them. We would rather take a loss 100 times than hold a position once. Losses can only occur due to stop losses, and cannot possibly arise from holding positions, so there is no need to ask us about issues related to holding positions.
2. Those with full or heavy positions should not send messages, as we receive many messages and will delete them as we find them. We have said this many times: do not have a gambling mentality and do not over-leverage. The defense positions have already been stated, and when reached, just stop loss. Trade according to a fixed trading system.
3. Those using 50x or 100x leverage do not need to reference our strategy, as it will not be useful.
4. Jiu Ge is quite busy; aside from during live broadcasts, he is engaged in other activities, such as preparing materials for live broadcast clips, recovering and correcting mnemonic phrases and private keys, etc. Therefore, there is no need to send private messages to Jiu Ge; it’s usually me who replies. If you have any questions, you can ask Jiu Ge during the evening live broadcast.
Enter the market at the current price and hold short positions quickly, leverage 2-5 times, recommended positions 10%-15%, defense position 1.25, do not hold orders, and leave the market immediately when the defense position is touched.
Because the callback of Bitcoin is likely to start, we already have floating profits, so don't increase the position and continue to hold short positions.
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11.23 Regarding the "White Chart Line" Explanation
Because just now a fan said they didn’t understand this "White Chart Line", without stop-loss and support levels, they didn’t know how to operate their positions. Yesterday, after looking at the chart we drew, they decided to go long.
First of all, we have hypothetically made a market control forecast from the perspective of the leveraged lender on the undrawn K-line.
If our assumption is wrong, then we definitely need to stop loss. But how do we judge whether we can enter the market? For example, today’s Bitcoin "White Chart Line", if the previous K-line trend matches our drawn lines, then it proves that our prediction is likely accurate, and you would know in advance that the price will pull back slightly after breaking the previous high. If you have positions, you can add to your position at the high; if you don’t have positions, you can build a position near the high, which is a very simple operation.
It is equivalent to taking an exam, knowing the answers in advance. I believe that this line drawing has more reference value for trading than so-called levels, and it’s even easier than being fed a meal.
Moreover, for Ethereum yesterday, we made predictions for every key point in advance, and they all matched, even the K-lines followed the oscillation and breakdown we had drawn in advance. #比特币突破10万? $ETH
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Bearish
Challenge the white line drawing of Ethereum
The collapse of Ethereum may start with the following two forms. Assuming that we are the leveraged lender, we use white line drawing to clean up the high-leverage long and short sides and give short pressure, then we will definitely choose to use the "bottom-to-bottom rising channel form"
1. At present, it will fall back to around 3280 to form the support "rising channel point C" and rebound to 3315 to give short pressure, and then start a rapid decline waterfall.
2. At present, it falls back to around 3280 to form support, continue to touch 3410 upwards, and then touch the 3315 support downwards, pull the bottom up to form a "bottom-to-bottom rising channel form", and then rebound to around 3360 to start a rapid decline waterfall.
Because at present, if you draw the top forms such as M head, head and shoulders top, dark cloud cover, symmetrical triangle, etc., it will affect the bullish sentiment and will not give short pressure. Therefore, the only pattern suitable for clearing the market is the "rising channel pattern with a bottom-to-bottom high", and the Carlo clearing rate is not easy to use, because the downward amplitude or the upward amplitude at the top requires 2.68x2, both shorts and longs have given too much profit to both parties, and it is not easy to stabilize the bullish sentiment.
The above content is all assumptions, not necessarily established or appearing, for reference only, do not take it as investment advice. #BTC何时突破10万? $ETH
Currently, any altcoin that is rising is likely aimed at clearing out small short positions before waiting for resistance at higher levels. After that, one can enter short positions while managing their risk and controlling their capital. Leverage suggestions (3-5 times) and avoid heavy positions; operate steadily.
Remember to pay attention to the altcoins below. The pullback of Bitcoin is imminent; "once it starts," altcoins will accelerate their decline.
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