Whales bought 470 million Dogecoins, and Dogecoin is going to fly to the sky!
On January 11, a whale bought 470 million DOGE at a price between $0.314 and $0.355, and the current trading price is around $0.33. The whale has made a move, so should we retail investors follow suit?
Of course it is feasible. Buy more when the price drops sharply, and buy less when the price drops slightly, right? Everyone knows about Dogecoin. Another thing is that we can't buy the absolute bottom when we buy at the bottom. We also add positions when the market falls. Many people often dare not buy when the market falls, and only chase when the market rises. This is a typical chase, and it is easy to be trapped at a high position. We can only look for opportunities in the decline and keep buying in the decline. Once the bulls start, we will be the biggest winners!
In terms of operation, it is recommended to directly arrange more at the current price of 0.33, and the target can be 0.34 first.
January 11th, Ethereum is not optimistic, and the overall decline may continue!
Focus on the price around 3150 and 3100 below, which is expected to form support.
Now, we can do some short-term trading first, and wait until the volatility is large at night, and then consider doing medium-term trading. I will notify you at that time.
I have to say that when the market fluctuates greatly, although the risk is also large, the profit is also high. This is the charm of investment.
Recently, many friends have been trapped. If you need help to get rid of the trap, remember to pay attention to me and don't get lost. I have been struggling in the market for many years and have experienced several big ups and downs. I still have some experience in getting rid of the trap.
Market fluctuations are common, and oscillation and adjustment are the norms. This week saw an initial rise followed by a fall, with the weekly K-line struggling to regain high levels; the current uptrend is merely a correction after a significant drop.
From a technical perspective, the price on the four-hour chart is oscillating around the middle track. Although there has been a conversion of bullish volume, it has not risen significantly, and the rhythm is relatively weak. There is pressure above in the short term, and a second downward test will determine this week's bottom, forming a box pattern.
In terms of operations, it is recommended to short in the 95000-95500 range, targeting 93300-92800, with the high short strategy unchanged.
Affected by the negative news of non-agricultural data, the price of Bitcoin fell sharply from 95,000 to around 92,700.
This decline was not only due to the impact of the news, but the technical suppression formed by the 4-hour middle track also intensified the retracement. Although the price once fell below the 1-hour middle track support, the bulls quickly fought back and successfully recovered the lost ground and returned to the top of the middle track.
At present, the US stock market opened low and the market sentiment fluctuated. It is expected that Bitcoin will rebound slightly first, and then may fall into a retracement pattern again.
The support levels below are 93,100, 92,700 and 92,100 respectively. Once the price falls below 92,000, the downward target will point to the previous low of around 91,000.
The strategy given at noon was accurately verified again! The price of Bitcoin near 92800-93300 rose to 94900, and there is another 2,000 points of space to grasp, firmly grasp it 🤏🏻!
The bears have shown a strong momentum in the past two days, further probing lower in the evening, causing the price to fall below 92,000, setting a new low for yesterday. The trend seemed to be aimed at 90,000 but suddenly welcomed a rebound.
If this rebound continues, attention should be focused on the resistance level formed around 96,000. For now, we will wait for the announcement of tomorrow's non-farm payroll data to observe the subsequent direction of the market.
This is a 30-day BTC liquidation map covering all exchanges.
As can be seen from the map, at the price of $103,000, the short order liquidation intensity reached $7.5 billion; at the price of $81,000, the long order liquidation intensity was only $3.5 billion.
January 10th, Friday: Are the bulls starting to recover, and is a rebound opportunity at hand?
As the market remains weak and everyone is bearish, today the bulls quietly embark on a recovery journey. This is not baseless speculation; the potential for a significant upward movement could indeed be just around the corner.
From a technical analysis perspective, in the hourly chart, after a price dip, there has been a strong series of upward candles, with a notable decrease in bearish volume. The moving averages are turning upwards, indicating a clear continuation of the upward trend. The urgent need to open up a recovery channel is evident with a series of short-term upward movements. Coincidentally, it’s Friday, and with market sentiment fluctuating, an oversold rebound is expected, still leaving room for short-term recovery. Although the larger trend remains bearish, chasing shorts at this moment is certainly not a wise move.
For the afternoon trading strategy, it is recommended to go long in the range of 92800 - 93300, targeting 94800 and 96000. When the trend is unclear, it’s prudent not to blindly chase shorts; instead, seizing the current recovery opportunity for the bulls is the best strategy.
From the perspective of the chart, the current trend shows a continuous and uninterrupted movement. Therefore, after sufficient pullbacks, one should pay attention to opportunities for a rebound.
It is recommended to buy in the area around 91500 - 91800, with a short-term target of 93200, a medium-term target of 95000, and a long-term target of 98000!
Big Cake focuses on the upper short-term pressure of 94800-95500. Only by breaking through and effectively stabilizing this position again, can it be effectively stabilized.
There are many 94000-93500 in the morning, so you can enter the market, and the target can be around 95000 first.
Continuous decline, will Bitcoin experience another Waterloo?
After several days of decline, Bitcoin's recent pullback has once again created a space of ten thousand points, and many partners are confused about the trend of this market!
Looking at the market in the current situation, we should continue to go long, because the downside space is limited, while the upside space is infinite!
With a small defense to gamble on a large space, if wrong, it is just a few hundred points stop loss, but once the gamble is successful, it can yield a profit space of several thousand points. Even if we make a mistake, we can still continue to go long, and a single success can recover all losses and achieve profit!
Operational suggestion: Go long near 94000-93500 for Bitcoin, with a target of 98000!
Go long near 3300-3280 for Ethereum, with a target of 3500!
ADP Employment Data Released, Market Reaction Tepid
On Wednesday evening, the highly anticipated ADP employment number was released, showing a figure of 12.2, below the market expectation of 14. Theoretically, this result is bearish for the US dollar and correspondingly provides bullish support for non-US currencies.