Migo's latest analysis, #BTC broke as expected
Break as expected

#btc
The chart is easy to understand, the upper part is a temptation to rise, and the lower part is support that is about to break. Mi Ge got it right again this time $BTC

Liu Yudong, the wave analyst, said yesterday that "if it falls below 69517, be alert to a pullback", and it has already fallen.
"Wave Theory Learning"

Daily chart on November 1, 2024
There are still two possibilities

(1) Starting from 49000, it is a b-wave rebound, and then a new rise begins after the c-wave falls.

(2) A new rise begins from 57493. The new rise will rise to 114000.

Since 69517 has fallen, it means that the market has the momentum to pull back and fall. The next support comes to the blue dotted line 67201.

If it can break through the red dotted line 70555, it will turn strong again, and below it, there is momentum to continue to pull back.

----This blog wave theory learning only discusses waves, does not provide any trading suggestions, and is not responsible for any trading behavior.

#btc
Can we buy the dip now? A few days ago, I shared the bearish chart from Mi Ge. Now this position is very easy to understand; the green line breaking down means that the top is a false rally, and the red line is almost certain to break. Don't rush to buy the dip. Don't buy the dip. Don't buy the dip.

#btc As for whether there is a clear cyclical reversal now, my view is that there is not yet, and we can only look at the expectation of the callback.
But is it possible for the callback to promote a cyclical reversal? It is possible, but we can only take it one step at a time.
The reversal of the big cycle usually does not happen in one step, and different levels of confirmation signals will be given at the top.  
If the first support area is broken, there is reason to see the overlapping buying areas of 0.5 and 2. But if you want to defend, there is no problem. At present, there is a floating profit, and there is no right or wrong approach.  

Brother Feng has grasped this wave

According to Liu Da's 'Wave Theory Study' analysis #波浪理论
October 31, 2024
The daily chart still has 2 possibilities
(1) Starting from 49000 as a b-wave rebound, then a c-wave decline followed by a new uptrend. (The daily line 73777-49000 is the a-wave)

(2) Starting a new uptrend from the red point 57493.

#btc This chart is an illustration of (2). The new uptrend will rise to 114000 in a wave progression form.
As long as it does not drop below 69517, it is believed to continue rising; if it drops below, be cautious of a pullback.
If it breaks through 73777, the recent target is the red dashed line 76955. (69517 is the previous high support level, 73777 is the historical highest point, and 76955 is the 1.13 extension position)
---- This blog only discusses waves and does not provide any trading advice, nor is it responsible for any trading actions.

#峰哥 #btc In the past four hours, this segment has risen to an important selling zone, which is the phase of profit-taking for bottom bulls, and does not meet the conditions for the long-term bulls to re-enter.
The expectation is to see a pullback, but whether that will happen depends on whether the 15-minute level channel can break down.
The anticipated buying point is at the pullback of 0.5~0.618. (This is also the key bullish-bearish divergence position proposed by Liu Da.)
If the smaller cycle does not catch the pullback and simultaneously breaks the inflection point to reach a new high, the next expected selling point is between 7.6~80k.

Migo's Thought Analysis #PEPE Small-scale Ascending Wedge. Two scenarios
1. An ascending wedge usually indicates a bearish outlook in the short term.
2. If it continues to rise from this position, it could also soar directly, just like the wave at the end of September.

Certainty: If it breaks 940, it can confirm a pullback is needed, going to 820 is appropriate, then it will take off. Hold the spot, sell at 1300+.

Recommendation: Hold the spot position.

Migos Analysis #ETH Two Scenarios:
1. If BTC continues to fluctuate at a high level, ETH will directly soar to 3000.
2. If BTC starts to decline in the short term, ETH can pull back to around 2480, then soar to 3000. Hold the spot steady, sell at 3000.

The previously mentioned #BTC small-level breakdown and pullback, ETH new high, as expected BTC oscillating above 70k, profits flowing back to ETH. I am still in a state of going all-in on spot, no money to increase positions. If BTC goes down this time, I can profit and increase my spot position. #ETH selling target 3000, increasing position target 2500. PEPE selling target 1350, increasing position target 880/820.

#FET Bullish
Leverage: 5-10 times
Entry: 1.035 - 1.316 Best entry price: 1.175

Targets:
1.330
1.350
1.370
1.400
1.500
1.700
1.900
2.200
2.500

SL: 0.942$FET

#btc Daily line idea reference, this viewpoint from Mi Ge was proposed at 67k, and now it has reached 73k, very worth pondering.

2024.10.30. #BTC A short-term expectation, if correct, still observe for take profit around 65. After taking profit, there may not necessarily be 70k.

#ETH The strategy remains unchanged, the doomsday war chariot will make its move in the later stage. In the short term, as expected, it rebounded from 24 to 2650, at which point a pullback can be watched around 2500, then aiming for 3000.
Old Mi's Ethereum strategy has also perfectly reached its target.

#PEPE The idea remains unchanged, as expected it rebounded to 88. Here, a pullback to around 886 seems appropriate, and it could even go through a deep wash to 81-820, which also makes sense. The target above remains at 1300+.
Old Mi's idea 👍

Key Point: If it does not fall below the green dashed line at 69517, it is considered to continue rising
Original: "Wave Theory Study"
October 30, 2024 Daily Chart
"Target 73515" has been successfully achieved.
There are still 2 possibilities
(1) Starting from 49000 for a b-wave rebound, followed by a c-wave decline and then a new rise.
(2) Starting a new rise from the red point at 57493.
Yesterday was an illustration of (1), and today is an illustration of (2). The new rise will reach 114000 or above.
As long as it does not fall below the green dashed line at 69517, it is considered to continue rising; a fall below would caution against a pullback.

--- This blog "Wave Theory Study" only discusses waves and does not provide any trading advice, nor is it responsible for any trading behavior.

Migo: I opened a short position at BTC71500, and placed additional orders at 72000 and 72350, with a stop loss of 73000. Take profit: 64500. Profit-loss ratio 4

In a one-sided market, if you miss a good opportunity, you won’t have so many good opportunities to get on board. In a one-sided market, you see that the market is rising, but it is difficult for you to get on board because you are now looking at the market from the perspective of hindsight. Where is the stop loss for chasing more in the middle? Everyone, hurry up and recall the losses you have suffered from chasing ups and downs. After letting the cannon fodder get on board, can’t you make some more money steadily?

Migo: Bitcoin Reaches Weekly Resistance

A project that can outperform bitcoin this time is a project forming strong structure in Alt/btc chart in high time frame.
In BullMarket, 5% alts outperform BTC / 35% alts are similar to BTC / 60% alts underperform BTC
Choose your winners wisely.
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A project that can outperform Bitcoin this time is one that forms a strong structure in the Alt/BTC chart over a high time frame.
In a bull market, 5% of altcoins outperform BTC / 35% of altcoins are similar to BTC / 60% of altcoins underperform BTC.