Popular Science Post: Sharing Where to Find Essential Trading Data and Cryptocurrency News
Since posting in the square, I've found that many new friends don't even know where to find basic knowledge like liquidation maps and cryptocurrency news. Here, I introduce a few must-see Chinese news sources and some basic tools for everyone: 1.CoinGlass It can be said that trading cryptocurrencies without checking CoinGlass doubles the chance of liquidation! This is a very professional website that includes real-time liquidation volume across the network, a liquidation map for all exchanges, funding rates, long-short ratio, and the BTC peak escape index, covering almost all technical tools needed for cryptocurrency exchanges. I strongly recommend those who haven't used it to take a look for themselves. The most important thing is that it can be directly accessed in the domestic market and is free.
After Trump sent 25 billion to invest in Bitcoin, the news caused a drop. Is this using the presidency irresponsibly, or does Trump plan to buy in at a low point?
Just 200 away from breaking the previous high, the big players just won't give you a chance to exit and short, could it be that your orders around 110,000 have been too many and exposed by the big players?
Event Contracts A great invention that brings trading back to its roots No technical analysis needed, as the binary nature only involves occurrence or non-occurrence No need for profit-loss ratios, because the binary outcome is either 0 or 100 In fact, the candlestick chart of event contracts can be replaced; just use dice and gamble on high or low with a 50% chance, with your eyes closed.
When will the rebound occur? Key points for BTC bulls and bears from the liquidation map.
Since Bitcoin dropped to 76000 last time, it has been moving in a fluctuating upward trend. However, from the K-line perspective, the strength of the bulls is relatively weak. So, what points do both sides of BTC need to pay attention to? Let's take a look at the map.
From the map, the main liquidation points for short positions are concentrated around 87800 and the previous high near 88300, with a cumulative liquidation amount of 210 million USD and 433 million USD, while the main concentration of short positions extends to around 89300, where a total of 654 million USD of liquidation intensity has accumulated. If the market touches the 89300-90000 line, it is a reference point for shorts to consider building a position. However, if a strong bullish candlestick breaks through, the price may test the key level near 92000.
Consumer loans are really scary, borrowing 200,000 only incurs 3,000 in interest for a year with a coupon, which is even lower than a mortgage, just the limit is a bit low. If I had a million or eight million in Binance to earn interest, it would be great.
What are these guys who are holding orders in the square thinking? They hold 5x or 6x orders at any time. Where is your stop-profit position when opening orders like this? According to the 1:1 profit-loss ratio, you should be at least 6x profitable. What currency fluctuates so much in a short period of time? Or are you opening orders just to lose money? Run away when you make a little profit, and hold until the position is liquidated when you lose money
Yesterday, I saw a master in the square telling people to open orders at 86,500, stop profit at 87,500, and the defense position is 83,000. If you open orders like this, even if your father is Musk, he can't pay you enough
If you have time, study the profit-loss ratio first to verify whether your trading system can make a profit. If you don't even need this and just treat trading as gambling, you might as well go to Macau, where you lose faster, and you can play baccarat in 2 minutes
In 2021, it was said that the metaverse is the ultimate form of the internet. In 2022, it was said that NFTs are the digital art revolution. In 2023, it was said that memes are decentralized consensus. Last year, it was said that BRC20's ORDI turned into Audi. What will be said this year? AI on-chain autonomy? RWA merging with traditional finance? Blockchain gaming combined with the metaverse? Who can give a hint in advance? I don't want to be a victim anymore.
On August 30th last year, I simulated following 10 traders with a total follow-up amount of over 2 million USD. As of today, only four traders remain, with profit rates of 26%, 36%, 126%, and 163% respectively. Meanwhile, during the same period, the highest peak of Bitcoin spot purchase rose by 91%, and with 2x leverage, it would be 182%.
Is a rebound coming? Looking at the current points for both bulls and bears from the liquidation map of BTC.
In recent days, Bitcoin has been oscillating within a range, repeatedly pushing up and retracting, while a large volume has been released in 15 minutes. There may be market makers testing the waters, but the market has not yet formed a consensus. So the price has repeatedly turned down after touching the upper edge around 85000, what points do both bulls and bears need to pay attention to now? Let's take a look at the map:
From the map, the concentrated points for short liquidation are very clear, mainly at 84380 and 84930, with cumulative liquidation strengths of 250 million and 454 million USD respectively. The range of concentrated short liquidations extends up to around 85500, which has accumulated a liquidation strength of 594 million USD.
Will BTC move soon? From the liquidation map, we can see the points that need attention for Bitcoin bulls and bears
Since Bitcoin rebounded to 10,200 and encountered resistance and retreated, it has been consolidating below 100,000 for 11 days. According to BTC inertia, the longer the consolidation, the more the dealer absorbs funds, and the greater the chance of a real market trend. So where should we open a short position with a better profit and loss ratio, and at what point is it appropriate to buy more? Let's take a look at the liquidation map:
From the liquidation map, we can see that the liquidation points where short orders are concentrated are 98300 and 99000. The liquidation strengths of these two points are 240 million and 300 million US dollars respectively, while the liquidation strength of short orders is relatively concentrated all the way to 99400. What the short sellers need to pay special attention to here is the 98300-98500 line. This is not only the previous high but also the concentrated liquidation position. If you come to this position to insert a pin, it is a good point to try shorting with a small position
End of the Bull Market? Let's take a look at the liquidation points that both bulls and bears need to pay attention to in BTC.
Bitcoin once again reached a historic high of around 110,000 on the 20th, but due to Trump's failure to release crypto policies as expected after taking office, it fell nearly 10,000 in the short term. However, I believe the reason for the policy not being released is that he wants to accumulate at low prices. Trump seems to have understood the crypto world well, using his personal influence to issue NFTs and coins to earn billions, then using presidential power to accumulate at low prices. When the policy is suddenly released, it will surge and he will sell off, making his wealth multiply. At that time, many people might find themselves trapped. Digressing, what points do the bulls and bears need to pay attention to? Let's analyze from the liquidation map.
Is the correction over? Let's take a look at the points that both BTC bulls and bears need to pay attention to from the liquidation map.
After Bitcoin reached a historic high yesterday, it experienced a slight correction and is currently around 10,400. So where are the main liquidation points for BTC longs and shorts, and which positions are suitable for building positions in the short term? Let's take a look at the liquidation map:
First, from the map, although BTC experienced a nearly 5% correction, the bullish sentiment remains unchanged. Currently, the liquidation intensity for shorts is slightly better. The concentrated liquidation points for shorts are around 106,100, 107,100, and the previous high of 108,400, with cumulative liquidation intensities of 258 million, 448 million, and 680 million dollars respectively. The concentrated area for liquidating short positions above extends up to around 109,500, where a cumulative liquidation intensity of 788 million dollars has accumulated.
Continue Shorting? Let's Take a Look at the Current Points of Attention for BTC Bulls and Bears from the Liquidation Map.
Bitcoin started to rebound after last night's massive liquidation of 1.5 billion dollars, but there is still a possibility of spikes. So, what points do both bulls and bears need to pay special attention to at this moment? Let's take a look at the liquidation map.
From the map, it can be seen that the liquidation strength of short positions above is greater than that of long positions below. Currently, the concentrated liquidation points are at 98400, 98900, and 99500, with liquidation strengths of 170 million, 430 million, and 620 million dollars respectively. The concentrated liquidation range for short positions extends up to around 101500, where the accumulated liquidation volume is 950 million dollars. The key point to pay special attention to is actually around 99400-99500. This is not only the accumulation liquidation concentration point, but also near the descending trend line. If a false breakout occurs, it is a reference point for shorting in the short term.
Still need to consolidate? From the liquidation map, let’s see the current points that BTC bulls and bears need to pay attention to
Bitcoin has been consolidating between 99,600 and 90,800 for nearly two weeks, but the greed index remains above 70, indicating that many people are still betting that BTC will reach 100,000. So what are the points that both the long and short sides of Bitcoin need to pay special attention to? Let's take a look at the liquidation map:
As can be seen from the map, today's decline has almost liquidated the short-term long positions below. At present, the short position liquidation intensity is slightly greater than the long position, and the main concentrated liquidation points of short positions are 96700 and 97700, with the liquidation intensity of these two points being 187 million and 514 million US dollars respectively. The liquidation range of the upper short positions is around 98200, and this range has accumulated a liquidation intensity of 650 million US dollars.
Bull and Bear Showdown? Key Points for BTC Bull-Bear Transition from the Liquidation Map
Bitcoin rebounded sharply around 90800, which we analyzed last night, and is currently approaching the 95000 mark. So where do both bulls and bears need to pay special attention? Let's take a look at the liquidation map:
From the liquidation map, it can be seen that this wave of rebound has clearly led to a greater liquidation of long positions compared to the overhead bearish strength. Currently, the main concentrated liquidation point for bears is only around 95800, with a liquidation intensity of 240 million USD, while the liquidation range for bulls accumulates up to 96716, with a cumulative liquidation intensity of 325 million USD. Therefore, the key point that both bulls and bears must pay attention to right now is around 95800. This position is not only a concentrated liquidation area but also near the 0.618 level of this wave of decline and the resistance/support level above. If a false break occurs, it is a good reference point for short positions.
When will it rebound? From the liquidation map, we can see the points that both long and short BTC need to pay attention to
Bitcoin’s decline during the weekend correction was as high as 7%. Many friends also felt that the correction was almost done and started to open long positions. So has BTC really fallen to the right level at this moment? Where is the concentrated liquidation point for both long and short positions? Let’s take a look at the liquidation map:
As can be seen from the map, although it has experienced a 7% correction in a short period of time, the bullish force below is still relatively strong. At present, the liquidation points where the short positions are concentrated are 95350, 96070 and 96790, with a cumulative liquidation strength of 151 million, 452 million and 599 million US dollars. The short position liquidation range is around 97200, and the liquidation intensity in this range reaches 720 million US dollars.
Is it approaching 100,000? Let's take a look at the points that bulls and bears need to pay attention to in BTC from the liquidation map.
Bitcoin's current trend remains strong, with many friends already betting on BTC reaching 100,000. The greed index has also hit 90. Can the market really reach 100,000 as everyone hopes? Let's analyze the current points that bulls and bears need to pay special attention to from the liquidation map.
From the map, the current bullish strength is slightly higher, while the short sellers' concentration of liquidation points is mainly at the previous high, around 93300. The cumulative liquidation intensity at this position has reached 340 million USD, and the concentrated liquidation range for shorts extends up to around 94580. Moreover, based on the current strong trend of BTC, the previous high is bound to be broken in the short term. Therefore, shorts need to pay special attention to the previous highs of 93300 and the line of 94300-94500. If BTC breaks the previous high, many people will chase after the rise, liquidating the concentrated area of shorts above. Will there be a spike forming a false break followed by a pullback?