I will not do the mainstream on weekends. I will find a few altcoins to continue trading. Sometimes I will change positions frequently. After a certain standard makes 100% profit, I will consider changing to other positions. I will consider whether to enter the mainstream after Monday. Intraday copycat
$TON, 7 to 7.2 points, batch orders
Take profit: around 8, stop loss: 6.9
$KAS, 0.157 to 0.16 points, batch orders
Take profit: around 0.22, stop loss: 0.15
$OM, 0.69 to 0.72 points, batch orders
Take profit: around 0.87, stop loss: 0.65
$ONDO, 0.94 to 0.965 points, batch orders
Take profit: around 1.08, stop loss: 0.92
$ENS, 21.3 to 22.4 points, batch orders
Take profit: around 26, stop loss: 20.2
$PEPE, 0.0082 points, batch orders
Take profit: around 0.01 Stop Loss: 0.0078

《Methods for judging the end of the market decline》
If you want the four-hour decline to end, you must first have a thirty-minute rebound, and then look at the subsequent decline until a 30-minute center is formed. The thirty-minute center is a horizontal oscillation of at least three thirty-minute line segments. As long as the line segments can be drawn, this can be seen with the naked eye.
The judgment method here is actually a general solution for market judgment. The content of this general solution is that if you want to judge the end of the decline of a certain level A, you should look at its internal structure level B chart, which is divided into two specific situations
I draw a picture here, using thirty minutes for level A and five minutes for level B. I hope you can understand it.
Situation 1. If there is no center formation at level B, theoretically it can continue to fall until a strong rebound appears, driving the five moving averages of level A to cross the thirty-four moving averages upward. This is also called a passive selling point of empty, and then it can be seen that the decline of level A has ended. The specific intervention is where the golden cross is formed.
Situation 2. If a center appears at level B during the decline, it can be judged that the market decline may end before the passive selling point appears. This center needs to meet this condition: [oversold or broken through], in the case of oversold, when the center is formed, the area of ​​the center is far away from the MA170 moving average, and the MA170 is in a steep slope state; in the case of broken through, if it is very close to MA170, then the MA170 needs to be flat.
The structure of the center that meets this condition can be used as the basis for you to judge that the decline may end. This will appear before the moving average golden cross, and the specific intervention is in the process of the center construction, and the intervention is when the rising section golden crosses.
The above two situations 1 are considered right-side intervention, and situation 2 is considered left-side intervention. The right side will definitely give, and the left side must have a very strict stop loss, and it depends on whether the market gives you a chance. Regardless of the situation, after the falling market goes out of the golden cross, its passive exit point for long positions is the passive selling point, which is very clear, that is, the five moving averages of level A cross the thirty-four moving averages.

The data is out, and there is no serious short-term profit. In addition, the recent oversold air conditions should not fall sharply. There will be a short-term oversold rebound opportunity. You can consider short-term short-term strategies. SSV, PHB, PENDLE and other short-term falling stocks can be considered for light purchases. The stop is controlled within 10%. If it continues to fall, stop it in time. The rebound stop should be controlled by yourself. There is no obvious improvement in the medium and long periods, and expectations have not changed much. The market air conditions will still be sluggish. Pay attention to other news on the fundamentals in the near future. If there is no serious negative news, the expected restorative air conditions are expected, and consolidation is absorbed. Wait for the macro environment to improve and market sentiment to recover slowly.

To be honest, the peak of this bull market is very obscure, but in fact, it is still the same as before, and there are traces to follow. The 120-day line is an important indicator of bulls and bears. When it falls below the 120-day line, you should give up your fantasy.

However, because this wave is broken without volume, and there was no big change in the market at that time, I was still careless. If you clear the position after breaking the 120-day line, you can actually recover a lot of losses. Always remember that timely stop loss is a disguised stop profit, and it is impossible to make money all the time when trading.

After talking so much nonsense, let's talk about the subsequent market outlook. If you refer to the last bull market, now is a deep correction in the middle and late stages of the bull market. If you wash it here, there is a high probability that there will be another wave of opportunities to hit new highs in the future, and the target price may be around 100,000.

From a technical perspective, since the main force has chosen to break the new high of the last bull market, it is impossible not to reach a new high again. Only when there is another new high can it be shipped and everyone can be trapped at a new high. This is the normal trading logic.
Judging from the news, the United States is likely to cut interest rates in September. The positive release of the US interest rate cut will bring a lot of liquidity to the cryptocurrency circle, and it will definitely break a new high.

What everyone needs to do now is to adjust their mentality, try not to mess around, don't play contracts, wait for the adjustment to end, cover positions, and then bet on the last big market, and then clear positions.

I think there is a 90% probability that there will be a new high opportunity, but after the new high, everyone must not fome but run for their lives.

The big cycle of the cryptocurrency circle will not change, and it will never sell, and it will always lose money.

You shouldn't panic at this time! More and more factors are converging to bottom out.

1. Bitcoin has fallen to the moving average of multiple time dimensions of technical indicators.

2. Bitcoin's weekly line is about to reach below the middle track of the Bollinger Band. In the past bull market, every time it reaches here, it is the super bottom area, and then it usually washes the market on the lower track for 5 to 7 weeks, and then starts a new round of market. (If so, the market will come at least before the interest rate cut)

3. Falling below the 6 integer mark and washing it repeatedly makes it easier for people to panic

4. Mentougou's negative news exacerbated market panic. Grayscale's selling did not react before, and the effect of negative news is more likely to be magnified when it falls.

5. It has now fallen to the shutdown price of some mining machines.

6. Retail investors' confidence is gradually collapsing, and those who are bullish now will be scolded.

As shown in the figure below, the worst plan is the red line position, around 42,000U. If it can fall there continuously, you can sell your house and sell your pots and iron to enter the market. This is a rare opportunity in a lifetime. (It may not reach the red line, it can only be considered as the worst plan)

In short, Bitcoin is still Bitcoin in this bull market, and Ethereum is also okay, but the current wash-out is completely consistent with the callback of the previous bull market in terms of amplitude and time. The longer Bitcoin fluctuates between 5 and 6, the greater the opportunity space for the subsequent copycats.

Although the second half is the home court of hot copycats, this wave of wash-out is thorough, and there are favorable expectations and good narratives in the future. The space for explosion is definitely larger than the first half. It is not a problem for everyone to get back their capital, but a problem of how much they earn.

But in the future, we will have to adopt a separate strategy for copycats. We cannot copycats according to the ideas of bulls and bears. The future market will only become more and more difficult to play, so it makes me more determined to only do staged market conditions.

71997×0.8=57597
This wave of decline will only retrace to this point, don’t panic~
Short-term, at most, you can insert it further, and if you do, you will be giving away money to make money~
Break it down~
The position of the red circle is just around the 30% retracement of the highest position;
The median of the green circle is around 42000, and many people see the beginning of 4, which is the support level (called the pressure level by some people at that time). The transactions here are very dense, belonging to the dense transaction area, and will also be the support range for some time in the future (bull market). But now I think it is too pessimistic to see the decline here.
What about the current situation, what about the position of 30%? To say that there is no probability is to lie with open eyes, but I don’t know how high the probability is. What is relatively clear, or more cost-effective, is that 20% can still be inserted down, such as inserting a few more points, and there is no problem in making money in the short term. This is not the first time I have shared the plan to make money. This is a strategic issue. I dare not say that it is always right, but the cost-effectiveness is not bad.

Shiguang reminds you of a few points: (1) Keep your money until it falls below $59,000 (2) Don’t rush to buy the dip or add positions (3) Don’t sell at the bottom

Currently, it is recommended to increase your position to 60%, but we still have to wait for the Mentougou incident to be resolved before we decide whether to increase our position. There should be more news about the Mentougou incident next week! Don’t sell at the bottom, otherwise the rebound mentality will get out of control, and you will be trapped if you chase the rebound. As long as you don’t buy high-inflation tokens, don’t be afraid to hold the spot, and you will be fine.

The trend in recent months has been ups and downs, and it is difficult to play. There must be a lot of people who are trapped. Sun Ge’s profits have retreated by hundreds of millions. I personally feel okay, and I have made up for some of the retreat with some operations. Next, let’s talk about what I have done recently.

In the past two or three months, my personal approach is to buy at the right position, sell at a similar profit, and use reasonable leverage.

The most recent concentrated purchase was when Bitcoin spiked to around 60,000 a dozen days ago. I bought sol, jto, dot, ordi, etc. In the meantime, there was a 20-30 point profit, and I sold it at the pressure position. I started placing some low-priced orders today and slowly took them back.

I basically bought at around 60,000 every time because I think the consensus here is relatively strong, provided that I think the bull market has not ended. This round of bull market will be very difficult to play. According to the washing time of Bitcoin, this round of bull market will be distributed for a longer time than before, with a bull period and a bear period, so you need to be more patient.

Everyone should remember to arrange the mainstream at the right opportunity, and operate the cottage according to the position of Bitcoin. The position of Bitcoin is horizontal at a high level, so you can only reduce your position and buy less. If you are too anxious to fill your position, you will eventually be trapped, and the tolerance rate will be very low. 60,000 is a watershed, and I think this is a position that can be arranged. Again, I hope there will be negative news like Mentougou and supervision, because opportunities must come with it, but there is no opportunity for positive news.

Why do you want to learn Wyckoff volume and price?

The biggest advantage of volume and price is to identify the dynamics of the main force through trading volume and price. Only by knowing the dynamics of the main force can you understand the trend structure of the entire market. Once the trend structure is confirmed, follow the trend instead of going against the trend.

First look at the trend structure, second look at the space, and third look at the position (not the price)
In this way, you can screen the target that you are worth entering. There must be a large space,
Instead of entering through a support resistance, eating a rebound of three or two points and running away. The meaning of ordinary people doing short-term trading is to pay the exchange fee.

WIF and PENDLE are open cards to track shorts, and there is a good position to enter, so as to get the maximum profit as much as possible. This is one of the benefits of identifying the structure. You know which ones are big meat and which ones are mosquito legs.

For example, WIF has already entered the current range, and there is already a huge demand for shorting at this time. At this time, if you go short, the maximum space is less than 20%, and it is easy to be beaten. At this time, go short on a rebound of WIF. In my opinion, the profit and loss ratio is very poor.

After closing the positions of ENS SOL, we will also do a review teaching to explain why their structure also has a lot of room. I think ENS has at least 50% room for decline. Finally, I would like to explain that there is a lot of room, but it may not be able to complete the entire space. The market still needs to follow the overall market. But even so, it is better than randomly looking for support and resistance and then doing long and short.