In 2008, when others said they spent 10,000 RMB to buy Bitcoin, I was the first to call them a fool.
Candyran
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In 2013, Meng Fan, who repaired phones in Huaqiangbei, Shenzhen, accidentally overheard a customer talking about a type of electronic currency called 'Bitcoin,' which sold for only 500 yuan each. 'Can this thing buy pizza?' Meng Fan laughed and shook his head, continuing to twist his screwdriver. In 2017, Bitcoin surged to 10,000 dollars, and Meng Fan's nephew bought a Tesla with it. Meng Fan stayed up all night digging out an old hard drive—'A customer used 50 Bitcoins to pay for the repair back then; did I just save it here?!' But the hard drive had long been sold as scrap by his wife. In 2021, Bitcoin broke 60,000 dollars. Meng Fan squatted at the entrance of the scrap station and smoked three packs of cigarettes, eventually offering a reward of 200,000 for that hard drive. Old Li, who collected scrap, scratched his head: 'Last year, I dismantled 200 hard drives, and the copper wires were sold to the scrap station...' In 2025, Meng Fan's repair shop hung up a new sign: 'Bitcoin Hardware Recovery Expert,' specializing in finding 'electronic waste worth over a hundred million.' He often murmured to customers: 'This thing is much more mysterious than a screwdriver...'
I have drawn the trading box for you. The daily line shows the trend, the hourly line shows the direction, and the minute line shows the position. (Don’t say that technical analysis is useless. At least you can know at what point to place an order to buy the bottom.
[Buy and sell points] Buy point 1: 3150 USDT (this price is close to the lowest price of the current day's K-line. If the market rebounds, this position may be a short-term support level) Buy point 2: 3100 USDT (considering that EMA30 is around 3263.09 and has a downward trend, it is expected that the greater support level may be around 3100, which is also the low point area of recent trading days) Buy stop loss point: 3050 USDT (set 50 USDT below buy point 2 to control risks and prevent a fall below the heavy price. Selling point 1: 3300 USDT (a relatively high point in the recent hourly K-line. If the price rebounds to this point, it may encounter selling pressure) Selling point 2: 3350 USDT (close to the highest price of 3365.69 on April 28. If the market can recover to this level, it may face strong selling pressure) Short stop loss point: 3400 USDT (50USDT above the selling point 2, as the stop loss point of the short strategy to protect investors from unexpected rises)
K-line pattern: The recent daily K-line shows that the price has experienced a period of rise and then a correction. The latest daily K-line shows a large decline, and the closing price is lower than the opening price and close to the lowest point of the day, indicating that the seller's power is strong. The hourly K-line opened high and went low in the latest cycle, and the closing price was far away from the opening price and close to the lowest price, which may indicate that the market sentiment is pessimistic in the short term. Technical indicators: In the MACD indicator, both DIF and DEA are negative, and DIF runs below DEA, and the MACD column is also negative, indicating that the current market is in a downward trend. In the KDJ indicator, the J value has decreased in the latest hourly K-line, while the K and D values are still relatively high, but overall, the KDJ three lines are gathered, and there may be a cross signal. It is necessary to pay attention to whether a golden cross or a dead cross will be formed. In the EMA indicator, EMA7 is below EMA30, and both are in a downward trend, indicating that the market momentum is biased towards the short side in the short term. Trading volume: The daily trading volume began to gradually decrease after reaching a peak on April 27, reflecting the weakening of buying power. The latest hourly candlestick has seen an increase in volume compared to the previous hour, but given the price decline, this could be amplified volume due to selling pressure.
1. K-line pattern: In recent daily K-line, the price has experienced a period of rise and then fluctuated. The latest few hourly lines show a slight downward trend, but the overall trend remains above EMA30, indicating that the medium- and long-term trend is still biased towards bulls. 2. Technical indicators In the MACD indicator, DIF and DEA are both higher than 0 and DIF is lower than DEA at 19:00. The MACD value is negative, which may be a short-term bearish signal. In the KDJ indicator, the J value reaches the overbought area between 13 and 15 o'clock and begins to fall back. The K value and D value also decline, suggesting that there may be callback pressure in the short term. In the EMA indicator, the price is currently between EMA7 and EMA30. EMA7 has begun to bend downward. If the price falls below EMA30, it may confirm that the short-term trend has weakened. 3. Trading volume: From the perspective of daily trading volume, there is a decrease on April 28 compared with 27, indicating that the upward momentum has weakened. The hourly chart trading volume gradually decreased from 18:00 to 19:00, which is consistent with the price decline, indicating that sellers are more active during the decline.
Total analysis of the above buying and selling points Buying point 1: ETH3240 The price is close to the EMA30 support level. If it does not fall below, it can be regarded as a long opportunity Buying point 2: ETH3200 If the price further pulls back to this level and there is no obvious reversal sign, consider adding positions
This market situation is completely out of temper!
$BTC If you go short, it will rise. $ETH If it goes up, it will go down. The market has completely gone through a turbulent downward trend. What is causing the market is a lack of determination. As long as you control your positions, there is no problem at all.
As mentioned in the previous tweets, the 1-day line needs strength to break through the mid-rail resistance. If the strength is not enough, the price will step back and accumulate strength. In the short term during the day, the main focus is on short selling, and the price correction will fluctuate back and forth in the 63000-65000 range. Brothers, you can Go long at the low level and short at the high level in this price range. Pay attention to reasonable control of positions and maintain rational trading. You can click on my homepage to view previous content. #BTC
Do it back and forth in this price range, don’t panic! Control your positions well.
It takes strength to break the mid-rail of the antenna. If the strength is not enough, you still have to step back to accumulate power! $ETH $BTC #ETH #BTC
Let’s talk about the word faith. Let’s talk about cognition! You can't make the money you think you think. This sentence is very reasonable. The bull market has just begun, and this wave of correction is the beginning of the bull market. BTC is at least 100,000. You may think 100,000 is expensive, but now #BTC now 67,000 is also very expensive. At that time, Bitcoin was only 1 cent. The whole world is recognizing its value. It is already unstoppable. It cannot collapse with a market value of trillions. Grayscale, BlackRock, Wall Street and other institutions are not the same. Fool. Trading is just a game of waiting. We don’t need to be affected by temporary prices. This requires you to have a very firm belief. We look back at historical housing prices and the stock market. The housing prices in Shenzhen 10 years ago were 30,000-50,000. Can you imagine it being worth 200,000? 10 years ago today, Moutai's stock price was 117, and now it is 1,700. Do you think Moutai will still rise? Those who persist in their faith will have a prosperous life. So go for it! #BTC #ETH $BTC $ETH
My first two posts said that time will prove it! Including that the line I drew is accurate within 10% error, I said 3200 is already the bottom, but a pin may be inserted downward. And the bottom is already building in 4 hours. I have seen many comments in the past two days saying that technical analysis is useless .Actually, I don’t completely deny that technical analysis is useless, but the K-line chart can indeed reflect the market very well. Coupled with the information conveyed to the market, we understand the logical relationship, and I think it is not difficult to make good transactions! The next market trend will still be as I said, it will fluctuate in the 3400-3600 trading box, and then continue to rise! Breaking new highs.
Today, the short-term market is bound to fall first and then rise. The current price of 3500 can be shorted around 3420. #ETH #BTC $ETH $BTC
Let me talk about my views on the recent market situation, "Why I'm Bullish"! #ETH The new pledge agreement ethfi was also launched yesterday, and the Bitcoin spot ETF passed. Do you think the ETH spot application will pass? You have to understand what the purpose of Laomei is. So its spot goods will definitely pass.
Why did the price fall back recently? Ethereum and pie have just reached new highs. What do you think is the psychology of retail investors? The price is too high, I dare not buy it! The power of the bulls will inevitably bring resistance to the shorts. The simple understanding of the callback at this time is that Wall Street is collecting funds at a low price and knocking down the price first!
If the price keeps rising! Who pays for whom? How does fresh blood come in? #BTC $ETH $BTC
The #ETH $ETH 4 hour level is already bottoming. Once formed, the price will call back to oscillate between the 3400-3600 trading box. Remember! Always follow the trend and keep trading on the right side.
Some people say that looking at technical indicators is useless. You can take a look at my first two updates. Some things can only be proven by time.
$ETH $BTC #BTC #ETH Brothers, get in the car! It's hunting time! Rsi is oversold. 4-hour historical strong support. You may insert a pin here to reasonably control the position and enter the market with a light position. At the price of 3200, if you have a floating loss, add 5% for every 50 points. If you have a floating profit, add 5% for every 50 points. %. Come back and scold me if you lose money.
$ETH Brothers, when building a position, you must be in a downward trend. The support is strong at 3200. There may be a needle at this position. I will charge near this position. In the short term, there will be a correction. In the long term, if you don’t get on the bus here, you will never look back. This time there is Wall Street backs him up, he doesn’t dare to play such a big game! You have to believe my wife! Have confidence in your wife.#BTC
Brothers, don’t panic, this is the first major correction in this bull market. Although the pie has dropped from a high of 73,000 to 65,000, a retracement of 11%, the positions of $BTC #BTC futures and options are still at record highs. The BTC futures at the end of the year The premium is still at 17%. It is said that the bigger the storm, the more expensive the fish. Taking advantage of the callback, brothers who have not jumped on the bandwagon, don’t hesitate to rush if you are optimistic this time.