Hello everyone, today is November 7, 2023, and the altcoin market is very hot! My fans interacted in the comment area, and some experts contributed a level. MTL has risen by 9% early, which is really awesome! So today we will talk about the support levels of some altcoins and how to operate them?

First, let’s take a look at the daily BTC chart. It has been consolidating recently, but other altcoins have been very active. I mentioned two weeks ago that one altcoin rose 20 times in 10 days, and other coins will definitely rise as well. Many coins are still at floor prices, which depends on personal capital allocation.

So let’s talk about BTC’s support level. I said a few days ago that the 34K central axis is a support level, but there is also a small upward trend in the short term. Because as mentioned yesterday, today is the 13th day. If you want to bet on short-term market changes, the probability is that it will continue to go up, but it does not rule out the possibility of returning to the box or the box below. So how should the bet be placed?
Many friends find that the support level provided cannot be used. For example, the short-term support level is near 34.5K. The current price or price is at this position, such as 35K. You can buy or go long, but the stop loss must be set well. This depends on your personal leverage and how much you plan to lose before entering the market. If it falls by 1%-0.5%, stop the loss in time and look for other support levels that may retrace to a lower level. The same is true for medium-term support levels.

During the interaction in the comment area yesterday, some fans mentioned the support level of Dogecoin. It didn't rise much yesterday, and 0.069 is the short-term support level. You can regard the support level as a defensive stop loss level. Now that the price has risen, there is a white resistance line in front of it, which is the n-shaped turning point of the previous box. If my support or resistance level is breached, the defensive stop will be raised by 1% or 0.5%.

It is currently a bull market, try to push back and buy long, or the current support level is corrected to around the halfway position of the 0.0734 candle. Observe that the lower edge of the physical body of these candles in this box is close to the halfway point of this candle. This is also a support level. To provide you with a reference, it depends on your patience. It may not retrace, it may retrace a little, but it won't be too low. But if you want to enter the market and buy, the short-term support level given by you will drop by 1% or 0.5% cannot fall below. If it does, stop losses in time and wait for the emergence of a lower support level.
In short, playing altcoins requires a certain risk tolerance and capital allocation capabilities.

Hello everyone, today is November 6, 2023. On an ordinary day, I am sharing the market and experience of Bitcoin with you.
First of all, one obvious feature of Bitcoin’s recent consolidation is that the bottom green range of the WaveTrend indicator (see the picture) has been broken through and entered an area near zero. This indicates that the current market environment has shifted from a bear market to a bull market. This is certainly good news for long-term investors, as it's likely that we're in for a bigger rally ahead.

During this process, I have been reminding everyone not to be nervous because of short-term rises and falls, but to wait patiently for opportunities, buy at low levels and sell at high levels. And friends who can accurately grasp market trends and act decisively, I believe you have gained a lot now.

I also have my own plan for the next market situation. Although the current market performance is relatively stable, I believe that as long as we have enough patience, we can seize the opportunity and achieve greater profits when challenging the strongest area near 50.

In this process, whether it is Bitcoin, Ethereum or Dogecoin, we should keep paying attention, because any currency in the bull market may have unexpected performance. Of course, we cannot ignore risks. We must ensure stop loss in every operation, so that we can survive in the bull market for a long time.

Hello everyone, today is November 4, 2023, and a beautiful day has begun again. Today I want to talk to you about the impact of the collapse of the US dollar index on cryptocurrencies. Now, our BTC long position has been held and has not been closed!

Let’s take a look at the daily line first. Yesterday I mentioned that there may not be a sharp retracement this time, but it may be a box consolidation. Among them, 34K is a very important short-term support level. Yesterday, the BTC 34K position was just over 100 US dollars away. If you dare to buy near 34K, you should also make a profit today. However, I still have to remind everyone that there may not necessarily be a sharp retracement.

Next, we need to carefully analyze the BTC monthly TSI indicator. Come and take a look, everyone has now seen the crazy bull market golden cross of the TSI indicator, which represents a very strong crazy bull market! Here, I want to tell you, don’t expect a sharp decline or a midline retracement. The probability of this is very low. We can also look at the historical experience in 2016 and 2019-2020. The golden cross at that time was not so prone to death cross.

Let's look at the 2-year U.S. Treasury bond yield. It consolidated from highs and then slowly declined. There will definitely be low interest rates in the future. Dear Bitcoin holders, we must strengthen our confidence. In 2019, Bitcoin was also at a low level, and then it went all the way up. Although the current trading volume is still declining, it may still be a box consolidation, but the price is above the central axis, which is a strong consolidation.
Today’s article ends here. If you like it, you can click and follow ~ more good articles are waiting for you ~

☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you comply with the acknowledgment disclaimer;

Hello everyone, today is November 3, 2023. Today we will talk about Bitcoin, this naughty little guy, will it retrace?
First of all, let me tell you a secret. For more than a year, I have been guessing the thoughts of Bitcoin’s main players, and my guess is quite accurate, so I guess I won’t disappoint you this time. Closer to home, Bitcoin is at a high level now. It has been a definite decision to raise interest rates before, but this time it will not raise interest rates. Is this good for Bitcoin?
In my opinion, this time is a bit special. Because the market knew a month in advance that interest rates would not be raised this time, and this was expected for a long time. Therefore, since the market already knows it, the lack of interest rate hike this time is not necessarily a good thing. As discussed before, a good thing is not necessarily a good thing, and a bad thing is not necessarily a bad thing.
So, will there be a situation this time where the "26K CPI negative 3.7" good thing last time is actually a bad thing? This requires us to always pay attention to the movements of the main force. The main force may use people's thinking to raise or suppress prices with the help of good or bad news. But in the long term, these fluctuations are trivial, because interest rate hikes are already a certainty.

Let’s now take a look at the daily chart to see the trend of Bitcoin before and after each time the Federal Reserve raises interest rates. Basically every reaction is in the opposite direction, and the main force will use people's habitual thinking to drive prices. Therefore, a good thing may not necessarily be a good thing, and a bad thing may not necessarily be a bad thing, depending on where you are.
Let's look back at history. Judging from some of the fluctuations last year, the main players used space to speculate. For example, at the high point of 26K, the Fed only raised interest rates by 50 basis points. Everyone thought it was a good thing. As a result, the main players However, it operates in the opposite direction and allows the price to retrace, but you should note that this is a short-term retracement.
Then, let's continue to look at the subsequent trend. The main force will hype people's expectations and act in advance. Just like the previous high of 25K, I dared to buy and go long. Therefore, even if the price has reached a high level now, we don't have to worry, because for more than a year, I have been tracking the main force's movements. The main force may pull up when the short-term low is low, and the mid-line will continue to wait and see, waiting for the space to be low before making another move. .
Okay, that’s all we’re talking about today.

☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you comply with the acknowledgment disclaimer;

Hello everyone, today is November 2, 2023. Today I want to share with you some exciting news: Bitcoin has exceeded 35K!
What does this mean? This means that the income of our medium and long-term holders may have exceeded 2000%! But we cannot be complacent, because the price of Bitcoin may still have room for higher growth!
In the world of Bitcoin, there is a classic saying called "morphological theory." To put it simply, the price starts at the low point of the pattern, or 2/3 of the low point of the pattern. Look, our friends who bought at 25K and 26K this time have witnessed the magic of this theory.

Of course, the price of Bitcoin cannot rise all the way, and there will be times when it falls. However, looking at the daily chart, we can see that when the price is at a rising high, it does not necessarily start falling at the lows. Instead, it may start a real decline at the high of the pattern.
Let’s look at the weekly chart again, and the head and shoulders bottom pattern is becoming more and more obvious. What does this mean? This means the price of Bitcoin could break through 48K before the halving! In other words, our long-term position may bring us greater profits!
Despite this, we cannot ignore the possibility of short-term consolidation. After all, the investment market is ever-changing. Therefore, we must always pay attention to important indicators such as KD indicators and 5MA moving averages in order to adjust our strategies in a timely manner.
Today’s article ends here. If you like it, you can click and follow ~ more good articles are waiting for you ~

☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you abide by the disclaimer;​

Hello everyone, today is November 1, 2023. Today we will talk about the trend of Bitcoin and the issue of funding rates. Recently, a fan bought at the price of 25K-26K. Now the profits from futures are considerable, but the funding rate is being deducted every day, which makes him a little worried.
Let’s take a look at the daily chart (Figure 1) first. Guess which position is the important buying point? That's right, it's the 25K position. At this price, the main force has been manipulating the market and the bookmakers have been acting, so it is difficult for 25K to fall. Don't panic when a death cross occurs in the market, it is likely to be an important buying point.
Then, let’s talk about funding rates. The funding rate is set by the exchange to balance the positions of both long and short parties, and it will change with the difference between the futures price and the spot price. If the funding rate bothers you, you can consider adjusting your position, or closing the position appropriately when the market consolidates, and wait for the right time to buy again.
Next, let’s look at the weekly chart (Figure 2). The current RSI value is relatively high, which indicates that the market may be in a super strong zone. In this case, we must seize the opportunity and not miss larger profits because of small profits.
Finally, we must always pay attention to market fluctuations. Although the funding rate is deducted every day, if we seize the general trend of the market, the profit will exceed the funding rate. Therefore, at this stage, don’t worry too much about funding rates, but focus on the overall market trend.
To sum up, everyone’s position, funds and mentality are different, and we need to adjust our strategies according to our own circumstances. Regarding the issue of funding rates, we can adjust positions in a timely manner, or close positions appropriately when the market consolidates, and wait for the right time to buy again. While paying attention to the funding rate, we must also pay attention to the overall market trend, seize the general trend, and obtain greater profits.

Okay, let’s share it here today
☞Warm reminder:
*This content does not represent the author’s recommendation or market investment;
*Please participate in related investments rationally. Any loss of profits is not related to the content and position of this article and is a personal behavior;
*If you read this content to the end, it means that you comply with the acknowledgment disclaimer;