Crypto news
Hot topics on November 24;
1. Solana ETF is expected to be approved by the end of 2025
2. Arthur Hayes: Predicts Bitcoin will reach $250,000 by the end of 2025
3. Industry organizations strive for a seat on the Trump cryptocurrency advisory committee, prompting warnings from consumer groups: one should not be both a referee and a player.
4. Morpho platform's total lending amount has reached the milestone of 1 billion dollars
5. The Hong Kong Securities and Futures Commission plans to explore the application of tokenized deposits in bond and fund subscriptions
Trading insights
Trading coins, why is Wave 3 the best buying point? After pondering for quite a while, I finally understood the true meaning of this chart! All trades originate from this. From big losses to rebounds, many methods were learned during this period, but I sincerely feel that wave theory truly resonates with me. Today, I will share my insights on wave theory's trading methods over the years. The methods are simple, but the connotation is rich, so save them. To understand the basic logic of wave trading, one must first understand what wave structure is. Simply put, in an upward trend, the driving price action that continuously rises is generally a five-wave driving pattern, known as the famous upward five waves; while in a downward trend, the pattern driving the price down continuously is a three-wave adjustment pattern, known as the famous downward three waves. From the perspective of wave theory, buying point 1 is when the trend has just begun to reverse, this stage is just starting, and the safety factor is low; buying point 2 is when the market is in a consolidation adjustment, with limited gains; buying point 3 is the starting position of the main upward wave, usually this wave's increase is at least 1.5 times that of wave 1. 【Current stage】 often easily erupts into a big market. If you analyze it using the Chan theory, this is the resonance buying point between large and small levels, with high reliability, making it easy to reap significant profits. If you still find wave theory obscure and difficult to understand, please remember its three laws and grasp the essence of wave theory. Law one: The pullback of wave 2 generally does not exceed the starting point of wave 1. Law two: In the basic driving pattern of 1, 3, 5 waves, the increase of wave 3 will not be the shortest of the waves. Law three: In a complete five-wave drive, the adjustment of wave 4 will not fall to the price range of wave 1.
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time group trades from the Big White community this week. Congratulations to the coin friends who got in. If your operations are not smooth, you can come and test the waters.
Data is real, each trade has the screenshot sent at that time.
Search for public account: Big White Discussion Coin
BTC
Analysis
The big coin daily line saw a wave of adjustment yesterday, dropping from a high of around 98950 to a low of around 97150, closing around 97700. The support below is near the MA7 moving average. If it breaks, it could look to MA14. A pullback could be done nearby for buying. MACD bullish volume decreasing. The four-hour support below is near MA30, and a pullback could be done nearby for buying. The upper resistance is near MA14, and a breakthrough could see a new high. MACD bearish volume decreasing.
ETH
Analysis
The Ethereum daily line rose from a low of around 3315 to a high of around 3500 yesterday, closing around 3400. The support below is near the MA7 moving average. If it breaks, it could look to MA14. A pullback could be done nearby for buying. MACD bullish increment. The four-hour support below is near MA14. If it breaks, it could look to MA30. A pullback could be done nearby for buying. MACD bullish volume decreasing, showing signs of forming a dead cross.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and bears no legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
