1.7/1.8 may be the peak of the wave, the price at this peak should ideally be above 103100 but not exceed 104100. It is also possible that it will first break below 100900, then rebound but not surpass the previous high, with a defense still at 104100, this must hold, otherwise, there is a high probability of failure later. 1.13 wave low point, the volatility on this day should be very intense, can refer to the market on December 20 of last year. 1.20 Trump takes office, January's few favorable factors, may be the wave low point, but I don't think it's the time for a major market start. 1.25 If the day Trump takes office is the wave low point, then this should be the wave high point, or form a consolidation range, can refer to the market from November 7-9 of last year. 1.29-1.31 the bottom before the start of a new round of major market. 3.5-3.7 may be the top of the first half of the year. 4.21 the first round of adjustments should be almost in place.
$BTC The rebound is finally here. Although the decline here is different from the decline in December last year, the final structure should not be too different. Anyway, I will not consider going long unless it drops to the beginning of 8.
$BTC The red line in the Gann box fell through, and the yellow trend line fell through. If it can stand firmly above 961, there can be a rebound expectation. The first target is near the red line, and the second target is to pull back to the yellow trend line. The final target of harmonic AB=CD may fall near 84000-85000, and in terms of time, if it can reach this price on the 20th, the probability of a reversal after the resonance of time and price will be relatively high.
For intraday long positions, you can observe $XRP $XLM
The first point has already been fulfilled 😂 During the day, it was a gradual decline, honestly didn't expect it, waited a whole day but no rebound appeared, after breaking below 100900, the rebound was also weak, that's when I chased in and opened a position. It seems I can hold the short position for two more days.
$BTC This is all experience gained from being beaten last year... The market has risen as expected, but there was a point yesterday that I couldn't understand. The expectation was that the market would likely accelerate upwards in the evening, but it happened on the Ethereum side. The highest price of Bitcoin yesterday was just over 1000 points higher than the highest price the day before. It did break through, but the current increase is really not enough to look at. The U.S. stock market also faced significant selling pressure, creating a door after opening and then moving up through a narrow channel. My original target for the long position was around 103000, but the current price has only risen to about 98900. Will it break through? The more critical the moment, the more likely the risks arise. Here, I couldn't see the big bullish candlestick breakthrough that I wanted to see. Is this a buildup of strength or a top formation? Altcoins have already started showing signs of selling. I don't know what will happen next, so I will partially close the long positions I had before this wave started. Let's take a good rest over the weekend.
Trade1oop1oop
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Figure 1 shows signs of shipment within the blue range, but I did not see any short positions established by institutions in the yellow range. After three segments of divergence, there was a rapid decline, and the price has been fluctuating within the discount zone. The OTE region is approximately around 103000, and the target for this upward movement should be around that range. Figure 2: The bottom at the beginning of May. Figure 3: The bottom at the beginning of July. Figure 4: In August, a major washout before the weekly level rise. In every phase bottom last year, there were multiple instances of 'drawing the door'! Although some were overly cautious, combining this with the current market sentiment, most people's view should be to wait for a bottom around 905-870, including myself, who was also at this critical point waiting for one last drop, choosing to go short instead of long, resulting in missing out on the market and losing principal. The main force may have already achieved its goal amid frequent 'door drawings.' The current market has gradually strengthened, and the risk now lies with the US stock market. I hope it can maintain its current state. $KAIA $MINA $GLM $POPCAT $KAS
Figure 1 shows signs of shipment within the blue range, but I did not see any short positions established by institutions in the yellow range. After three segments of divergence, there was a rapid decline, and the price has been fluctuating within the discount zone. The OTE region is approximately around 103000, and the target for this upward movement should be around that range. Figure 2: The bottom at the beginning of May. Figure 3: The bottom at the beginning of July. Figure 4: In August, a major washout before the weekly level rise. In every phase bottom last year, there were multiple instances of 'drawing the door'! Although some were overly cautious, combining this with the current market sentiment, most people's view should be to wait for a bottom around 905-870, including myself, who was also at this critical point waiting for one last drop, choosing to go short instead of long, resulting in missing out on the market and losing principal. The main force may have already achieved its goal amid frequent 'door drawings.' The current market has gradually strengthened, and the risk now lies with the US stock market. I hope it can maintain its current state. $KAIA $MINA $GLM $POPCAT $KAS
Some stocks selected from the morning scan today can still be bought, either spot or small contract. Today, we will see if it can break yesterday's high after a surge; after the surge and pullback, we will have to wait for tomorrow's data release. If it rises in the next two days, I will interpret why I believe this is the bottom.
Happy New Year everyone, $BTC . After the breakthrough yesterday, it was brought down by the US stock market. Currently, the bottom support is gradually moving up. At the beginning of this month, I still believe there will be a rebound. I will observe the breakthrough situation near 96500.
Two positions, the front low 922 as the right side, 1.272-1.414 buying area 878 can be the left side. If it goes up, let's see if we can short one hand around 975.
I always feel like the market will only come alive in the middle of the night, the Americans are on holiday, and the Asian market is asleep, what a timing!
Yesterday's high of $BTC was not taken out before the pullback started. I think the probability of breaking through is still quite high. The position at 100300 is a strong resistance area, and short positions can be considered here. Further up is 102800. If you really want to gamble upwards, then the stop loss should be set at the low point of this convergence range.
Overall oscillating below 100500, but the pullback of the imitation has been considerable. Currently, this position can slightly rebound to a second high, with a small probability of reaching a position higher than 995. The Fibonacci 0.5 retracement position still has some attractiveness. Short around 990-1003, with a lower target at 927, and waiting for a low at 908. The extended buy zone of 1.272-1.414 is a more suitable entry point for long positions. Let's wait.
$BTC In my understanding, it is very likely that this will not rise above 100,000. The daily upward channel has been broken. The starting point of this market segment is around 850, and the first wave high point is at 996. The first testing point after the rebound from the broken channel is around here. If it cannot test above this point, the position after breaking the 996 high and then retracing, which is around 908, is likely to be reached. If it really stands above 100,000, then perhaps it will go to around 104 or 103 to form a right shoulder, but I think the probability is quite low.
Trade1oop1oop
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The rebound is strong, but it shouldn't end the daily line's decline so quickly. These positions can be paid attention to.
$BTC If the big cake continues to go up, the 4-hour line will most likely not close below 100500, and it may also test the starting point of the descending channel, which is around 99200. Pay attention to whether the US stock market will go up when it opens.