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✌️ Yekoi focuses on Wyckoff volume and price, same name across the internet ✌️

As the year-end approaches, I checked my wallet balance, and family, relatives, and friends have started frequently probing for information, asking, 'Bitcoin has reached 100,000 USD, have you struck it rich?' 'You can't possibly be losing money, right?' 'So what have you been doing this year?' 'You might as well be working on a construction site, moving bricks.'

The Nasdaq can't hold on any longer

Seeing many people unable to hold their mentality,
I also see many teachers shouting that a crazy bull market is to be expected in the future, this is the last XX.

Let's set aside the emotional content,
The price is cyclical (I talked about this in the first class of my YouTube course on price and volume)
Accumulation - Rise - Distribution - Decline, and then enter the next cycle.

There is no eternal rise, nor is there an eternal decline,
What we need to do is accumulate and buy later, sell in the middle of the distribution,
And then the remaining time is just waiting.

Of course, I am very optimistic about the future market,
But it doesn't mean I will hold my position and resist the pullback in December,
It doesn't mean I have to buy altcoins immediately hoping for an altcoin season.

"One should know right from wrong, know their own worth, know what money they can earn"

The more it is this time, the less we should look at emotional content,
Drinking some motivational soup to comfort myself for being trapped in a 60% position may make me feel better psychologically,
but it doesn't solve any real trading problems,
Emotions are the biggest enemy in trading.

We also know that the performance of the crypto market will have a significant bull market in the future,
The outcome is good,
but not many people can achieve so-called good results after experiencing such a tortuous wave journey,
Most people are trapped, deeply trapped,
Mentality collapses, cutting losses, exiting is a decent outcome,
More people are taking out online loans, using high-leverage contracts, hoping to break even, but in reality, they are deeply in debt.

Respect your own wallet
👛
, respect your hard-earned money,
No one can make decisions for you, and do not blindly trust any teacher.
The future is promising, but those who do not study, do not review, and do not reflect have no future.

Once again, I advise those who do not study the secondary market but think about making money in the secondary market,
You are not suited for this market, leaving early will help you escape the sea of suffering.

What day is it in the season of knockoffs?
(No jokes,
I believe many knockoffs can start building positions now with a good risk-reward ratio,
back near the previous lows, slowly building positions over half a month,
if it breaks the previous low, we can stop loss, small losses are very cost-effective)

✌
Community

The step back is so deep~

In May 2024, the basic structure of the copycat project is essentially the same,
the current structure of the copycat project is also basically the same.
When reviewing, looking back at the pullback in May is also quite impressive,
breaking through the range with volume, pulling back with reduced volume, buying in leads to an immediate rebound,
and then? Several large bearish candles directly break down, breaking the range,
then confirming that the right side of the accumulation zone is actually for distribution.
However, this structure must be a gamble; before it breaks out,
nobody knows if it’s for distribution or accumulation,
the only thing to do is to set stop losses,
because if this structure fails during the pullback and hits the stop loss,
then it indicates that there is still a distance to cover before takeoff,
allowing time to re-enter at a better position,
the experience in this range is very painful, trapped copycat funds for three months
(although not a lot, but it was frustrating).

Patiently waiting for the pullback,
now the structures of bes and the imitation are in sync,
both are lacking a confirmation of a pullback structure of more than 8 hours,
if the pullback is successful, it could be a new trend starting point.

Continue to maintain the strategy of fully deploying all positions in the coming week,
We will engage in spot + coin-based trading, with a total leverage of within 2x.
I am a right-side trader, I don't care about 'catching the bottom', what matters is that buying leads to a surge,
The holding experience will be very pleasant, free from the torment of mindset during drawdowns.

This time, entering ETH at 3440, the price difference from the high position of clearing at 4000 is already 15%,
This wave started in October with a full investment of 2400 ETH and 138 SOL,
The strategy of clearing 4000 ETH and 260 SOL in December was executed perfectly,
Now I hope that 3440 is the starting point for the next wave,
Different strategies have been formulated, and we will do whatever arises.
The rest is left to time, waiting for blessings~

Fortunately, I bought ETH before takeoff

The situation is very chaotic now, so we should still use the wave thinking method and try to play in the wild. There is no certainty about the Nasdaq here, so it is too difficult to play.

I am preparing to fully allocate my positions over the next week,
which is to bet on BTC following the NASDAQ's V-recovery,
with a stop loss at the recent low of the NASDAQ, around 2%,
compared to BTC's stop loss of about 4%,
which is an acceptable range. If I hit the stop loss,
then BTC will likely see even lower prices.
Altcoins will receive a larger allocation; previously, it was 10%
now I'm preparing for a 30%-40% allocation.
The prices of altcoins at this stage are really appealing,
returning to the price at the end of November would mean a doubling at the minimum.

✌
Community

The first wave execution is complete,
BTC ETH SOL WIF ACT
are looking for other altcoins,
I'm back home, it's just the beginning of the market scanning work.

✌
Community

I also see many people saying that ETH's strength leads to altcoin season,
This time on November 5th, when altcoins generally started,
It was clearly the time when BTC started to show strong momentum,
So the logic of ETH's strength leading to altcoin strength,
Is it still applicable this time since the last round of altcoins were all around the ETH ecosystem?
Can anyone explain why you think ETH's strength is what leads to altcoin season now?

✌
Community

From now until mid-January,
there should be two clear trading range opportunities.
If the structure in January can consolidate again,
then at the end of January, the altcoin may have the next rapid surge in the market.
I'll discuss the logic in the evening.

This is the reason I don't go on the left side,
quite a few friends jumped in directly at over 200,
but the so-called 'support' directly breaks down.