What do you think of the approval of the 19b-4 document of the Yitai ETF?
Simple understanding: the marriage certificate has been obtained, but the banquet has not been held yet!
It is considered good news, and it is only a matter of time before it is officially listed!
Political game + election year + capital support + economic cycle 🟰 bull market
Looking forward to the Yitai leading the Shanzhai to have fun!
If you don’t know how to screen strong coins, then I suggest you follow me. There are many opportunities in the currency circle, but they are often fleeting, so you must seize them!
Since the beginning of this year, there has never been a situation of 4 consecutive negative lines at the daily level of Bitcoin.
The green rectangle in the figure marks all the consecutive negative lines since the beginning of the year, and the price decline has all stagnated at 3 consecutive negative lines!
Therefore, the closing situation of this daily line seems to be worthy of attention;
If it closes negative, it corresponds to the performance of the continuous supply.
If it closes positive, the price will continue to fluctuate upward.
If you don’t know how to screen strong coins, then I suggest you follow me. There are many opportunities in the coin circle, but they are often fleeting, so you must seize them!
Judging from the daily trend, affected by the ETF news, the heaven and earth needle appeared last night!
But it does not affect the overall trend. The K line is still stable above the short-term moving average, showing a bullish trend, and the MACD indicator is also very healthy!
Once the ETF trading of Yitai is opened in the future, the entry of traditional institutional funds will surely help Yitai break through 4,000 US dollars and challenge the historical high!
In the short term, as long as the needle is close to 3,600 or below, it is a good opportunity to increase the position!
If you don’t know how to screen strong coins, then I suggest you follow me. There are many opportunities in the currency circle, but they are often fleeting, so you must seize them!
Heyue, who has been playing for several years, has been fucked hundreds of times, worked hard in various positions, and gained a lot of experience!
Every time when the market plummets and the market hits a deep pit, I see an opportunity and go to buy the bottom. As a result, pins go back and forth at the bottom, and when I place an order, it explodes.
Sometimes when encountering unexpected situations, the margin cannot be added, and the position is liquidated several times.
What's more, you can simply unplug the network cable, it will be stuck, and then you will receive a text message saying your account is liquidated.
So when playing Heyue, you have to remember the 4 rules I mentioned in the previous article!
If you don't know how to screen strong coins, then I suggest you follow me. There are many opportunities in the currency circle, but they are often fleeting, so you must seize them!
1. Determine the total position: For example, if an account has 1000U of funds for playing contracts, do not add positions easily, otherwise you will lose 1000U at most. If you make money, you will earn tens of thousands of U in a big market.
2. Determine the starting amount: The starting amount is extremely low. The principle is what the stock tycoon Livermore said. If you are right, it is best to make money from the beginning, so the starting amount is extremely small. 300U full position, and the starting amount is often 10U or something like that.
3. Determine the position increase: The position increase must be increased with profit. When the profit appears and the trend is apparent, consider adding positions
4. Stop loss position: Adjust the stop loss position in time to ensure that the principal is not lost.
These 4 rules make me strictly abide by the trading rules invisibly, so the logic behind them can also be used in ordinary low-multiple contracts, and the principles are the same.
If you don’t know how to screen strong coins, then I suggest you follow me. There are many opportunities in the currency circle, but they are often fleeting, so you must seize them!
The overall net outflow trend of the Big Pie ETF in April has reversed.
It has been a net inflow for 8 consecutive days. The subsequent correction is still an opportunity. The medium and long term will continue to sing and dance.
Once the trend appears, it will not be easily reversed!
SEC approved 8 spot Ethereum ETFs at one time, including ETFs from BlackRock, Fidelity and Grayscale!
Unlike the previous prediction, this time it was approved at one time, not just one, which means that Auntie still has to experience Grayscale's selling pressure, which is about 10 billion.
Grayscale Bitcoin's selling pressure was 21 billion at the time, and Auntie's holdings were less than 10 billion.
Bitcoin ETF had an inflow of 300 million US dollars on the first day of listing. How much money will Auntie's spot ETF have inflow?
After Grayscale starts redemption, Auntie's own buying may not be able to withstand such a large selling pressure.
So I will choose to transfer my wife's position to Dabing before the transaction is officially launched
From the chart, there is no obvious head and shoulders top pattern yet.
The price has a higher peak (head) recently, but we still need to see the formation of the right shoulder, that is, the price rebounds to a position similar to the left shoulder and falls again to confirm the head and shoulders top pattern.
Currently oscillating in a horizontal range, with a small rebound.
Operation: Enter the market near 3740, target 3820-3840
How will the result of Ethereum's ETF tonight affect the market?
1. Failed Negative! Ethereum plummeted across the board, and it may even drive the market down.
2. All ETFs passed at once Negative! Just like Bitcoin's ETF, all passed on the same day, which means Grayscale's Ethereum ETF will also pass. Grayscale holds 3 million Ethereum, with a market value of 11 billion US dollars and a management fee of 2.5%. Because early users have been trapped for 2 or 3 years and can finally sell, coupled with high management fees, there will be a huge sell-off in the short term. It is likely to repeat the market situation two weeks after Bitcoin's ETF was passed, when Bitcoin fell from 48,000 to around 38,000.
3. Only vanEck's ETF application was approved according to the application time Negative! According to the application time, Grayscale's ETF will be reviewed on June 18. Before that, there are three ETFs from vanEck, ARK&21shares, and hashdex that need to be approved. This means that before June 18, ETFs will be almost all buying orders, and there will be no selling orders. It will be a major positive for the market, and Ethereum will hit a new high.
4. Half-passed Both negative and positive exist at the same time! That is, only the 19b-4 document is passed, and the s1 document will be approved later, which may take weeks or months. This situation is the most complicated, because there will be funds dumping the market after the good news is implemented, but the expectation of full approval in the future is also a positive. The two are intertwined, funds are playing games, and long and short battles.
However, no matter which of the above results, for long-term holders, it can be ignored. After all, ETFs are incremental funds in the long run. Bitcoin will eventually rise to 100,000, and Ethereum will also rise to 10,000!
It is not scary to blow up a position, what is scary is whether there is a chance to start over again!
Friendly reminder: When you have a good profit, remember to withdraw part of it, especially for players whose leverage often exceeds 5x!
This is a lesson learned from real money trading, because when you have a good profit, you will be extremely confident in your judgment, and you will increase leverage to impact greater profits, and the risk will also increase!
It is not scary to blow up a position, what is scary is whether there is a chance to start over again, and the principal of 3000-5000u each time is enough.
Yitai slightly pulled back and fluctuated in the range of 3600-3800 US dollars.
The number of pending sell orders in the upper range of 3800-4100 US dollars is close to 150 million orders, and the sell order volume is also large, that is, the liquidity of stop-loss orders near breakthrough orders and previous highs is high.
The long position of Yitai/Big Pie trading pair on BF also reduced by 1/3, nearly 80,000 lots.
The spot order book shows that the sell orders are dense in the sideways price range.
Overall, Ethereum is not suitable for chasing long at present!
JTO may give those who haven't gotten on board a chance!
From the market perspective, there is a tendency to fall back. If it falls back to the range of 3.1-3.7, it can be deployed in batches!
With the surge in Solana, the potential of its eco-currency is also increasing. It is estimated that there will be several times the potential in the future!
RNDR: The current price is in a downward trend, but it is close to the lower track of the Bollinger Band. A technical rebound may occur in the short term!
Due to the positive financial report of Nvidia, it is not recommended to be overly bearish!
10.5 to buy more, stop loss 10, target 11.8 to take profit 80%, 12 to take profit.
The big cake fluctuates in the horizontal range, and rebounds slightly after falling. The upper pressure is 70400, and the lower support is 68600.
It is currently in a small rebound stage after falling, but there is pressure from the middle line of the Bollinger Band 69780, so the current fluctuation range is 69780-69360
69350-69400 is bullish, and the target is 69620-69700!
Especially if it can break through the current resistance level (around 21.75), it is expected to further test the level above 22.00!
If the price encounters strong resistance near the upper track of the Bollinger Band and pulls back, it may find support in the range of 20.50 to 21.00.
In terms of operation, open long at low leverage at the current price, increase positions after breaking through the 22 position, long-term target 23-24, stop loss 20.3