Correcting Errors: 1. Buy at the bottom and create a beautiful lead line, do not buy if it drops slowly, do not buy if there is a downward trend on the daily chart 2. After establishing a position, first pull the stop loss, take profit according to the second exit principle, #reverse lead line breaks #本周期柱背离 3. When a bottom lead line breaks in 4 hours, a reversal can be made, and a 30-minute pullback lead signal can be created within 4H
$TAO The entry is the second buying point at 30 minutes, but the trend level is 4H. The take profit is based on the divergence on the 30-minute chart or the beautiful divergence in the descending cycle of 5 minutes.
Recently, the price of PENGU coin has finally stabilized, and NFT is also returning to a reasonable price range. I am also observing its price every day, looking for opportunities to buy it.
In fact, I sold all the Fat Penguin NFTs. During the last bear market, I saw the new team making continuous moves, so I bought a few at the bottom.
Then when it rose to 11 E, I looked at various data and made comprehensive considerations. I felt that without large-scale stimulation in the NFT sector, it would be difficult for Fat Penguin to rise rapidly again. So I sold it and pledged the E.
But at that time, I didn’t expect this wave of coin issuance at all, so I watched it quickly reach the final 30 E from 12 E, and then after the airdrop, it fell back to 17 E. It seemed like a dream.
When the market's attention was on Solana, the BNB chain also quietly emerged in this wave. With the influence of KOMA, CHEEMS, and WHY, people paid attention to it again. I think the biggest difference between this wave of BNB chain and the previous BSC is that many participants are new faces.
Yes, many old BSC OGs have missed this wave of market, but I understand that some of them are actually on the Alpha train, and some continue to hold BNB in Binance to participate in opportunities within the exchange.
The door to a new world.
In the beginning, after several big MEMEs of Solana emerged, I also joined the camp of searching for Alpha. I don’t think ETH can create dozens of times more opportunities for young people, unless you are willing to follow Vitalik Buterin to hackathons every day and then get funding.
It's weekend again, time to rest. This month is over, next week is July, and a magnificent quarter is about to begin. I hope everyone is ready. As for the general situation of the third quarter, Joe has said it countless times. Summer consolidation, autumn and winter will be the seasons of differentiation, and it may also be our busiest time. Those who should come back will come back, and those who should die will die. I may withdraw in mid-winter and late autumn, depending on the specific situation. I took a look at yesterday's vote. 28% of the people suffered large losses, 33% of the people made small profits, and 28% of the people were observers. This result surprised me a little. Trading in June was indeed difficult, as can be seen from the number of transactions and profits of robot accounts, but large losses should not be. When the community releases the data for June, I will draw more places for everyone. Although the trend shows a decline from the beginning of the month to the end of the month, many of them are moving in the range in the middle. In this case, it should be a small loss or a small profit. Did you take over at a high position? Or what? I don't quite understand. You must be patient when trading. Don't do it when you shouldn't! You must have confidence in your plan and don't change it. Don't move if your system is not triggered. Lei, a trader in the community, clearly implements this point. He is in the market of simple mode, so he rarely traded in the past month, and most of the time he traded in spot. He insisted on not doing it if the market trend was not suitable for him and was not tempted. At the same time, you must control your capital allocation, mainly spot trading, and use the money earned from contracts to hoard spot, and always keep some stable currency funds in your hands.
I bought it when no one was interested. I recently increased my holdings by about 250,000 U. I am very confident. The main network will be launched in the next month or so, and everything will go smoothly. In my opinion, as long as you are patient, you can get rich returns. Can you see which coin it is?
Wang Yang, vice president of the Hong Kong University of Science and Technology, criticized China's ban on cryptocurrency mining, which has driven miners to the United States and generated more than $4 billion in tax revenue there. He urged China to reconsider the importance of cryptocurrency, especially in the face of a possible re-election of Trump. $BTC
I saw a chat in the DeFi group just now, some people are depressed and doubtful, wondering if crypto will come back? I know there will be such emotions here in DC
It’s simple
If you are a negative person, then bad things will happen to you
If you are a positive person who believes in positivity and the law of attraction, then wonderful things will happen
The power of positivity and the law of attraction is so real, which is why I can’t tolerate hanging out with pessimists and people with a loser mentality
Even if my whole world is falling apart, I believe I can and will find a way out of it and get back on top
Unless you give up, you’re not out
This is the best market in the world, if you want to 1000x, you’re going to have to deal with bad things and -70% corrections along the way
I got into crypto in 2017 and was losing money for the first two years, but I never gave up because I saw the potential
Everyone told me that crypto was a scam and would lose all my money, I blew everything I had, with $2300 to my name. Did nothing but lose! But in those losing days I learned valuable lessons about the market and life
Don’t be a wimp and don’t give up on yourself.
Go to the gym 5 days a week and you will feel good about yourself and then watch what happens to your portfolio
In my opinion you will never get another chance like this in your lifetime and I think there is less than a 2% chance that this bull market is over
If you lose everything – guess what. Myself and many others have gone broke and lost everything multiple times
But we never gave up
If you make 300k and lose 300k – chances are you will make it back and more. Crypto is a very unforgiving market and will give you many opportunities even when you feel desperate
Buckle up, stay focused and don’t make the same mistake again
Better times are coming, maybe not tomorrow, maybe not next week, but if you start preparing and positioning yourself you can make it
Stop being a wimp and stop feeling sorry for yourself, it won’t do you any good and no one cares
Start focusing on the small daily wins that will make a difference in the long run I need to speak up about this because a lot of people need to hear it.
The FOMC meeting was relatively unremarkable. It was a good idea to take profits after the CPI surge. The market is selling off because people are taking profits after the CPI surge. Since nothing special was announced and interest rates remain unchanged, people have no incentive to continue holding positions after such a significant change. That explains the short-term price action.
In terms of the medium-term outlook, we did not really see anything new from the meeting. I personally think Powell sounded more hawkish than dovish, but that is also because he does not want to cause a market rally because inflation is still too high for the Fed. The US dollar is strengthening due to the hawkish tone. This is contributing to the sell-off in the cryptocurrency market. However, the US dollar is trading at LTF resistance. If you are looking for new positions, its PA should be monitored.
From the meeting, we did not learn anything new. Inflation has eased, but it is still too high. The economy has slowed, but it remains strong. The Fed needs more confidence to ensure that inflation is moving towards its 2% target. This does not sound too optimistic if you are in favor of rate cuts and also explains why the US dollar rebounded today. Still, we got a lower than expected CPI today, so at least this will ease the inflation situation in the coming days. We need to monitor future economic and inflation data. $BTC
INJ, which we had been looking at for a while, is performing well. INJ is one of the strongest coins on the market. We got in touch with it a few weeks ago and it is currently up 30% from the first buy zone. In terms of price action, it is performing exactly as we expected in our last update. $INJ
The unemployment data released last week was negative for risk assets. Although the unemployment rate last month was 4%, the highest level since 2022, the market overreacted to the new employment figures in May, which only reveals the state of the US labor market in May, but does not provide a correct overall overview. Nevertheless, the fact is that it has affected the dollar, causing it to rebound from the 104 area. It now looks strong and is currently flipping the 105.1 level.
As long as it holds this level, I expect the dollar to test the 105.7 level, and possibly the 106.4 level if the data this week is not favorable for risk assets. I personally don't like buying when the dollar is strong and trading closer to support than resistance. I prefer to buy when the dollar is at resistance or loses key support levels. Therefore, I will look for new positions when the dollar is at 105.7 or 106.4 or when it falls below the 105.1 level. The latter situation should be favorable for BTC.
This is the TA side of the dollar. However, we need to be aware that the next move for the dollar will be highly dependent on Wednesday's CPI data and the FOMC meeting on the same day. Ideally, the CPI comes in below expectations, which will fuel speculation against the dollar. A higher-than-expected CPI would be bad news for both BTC and the rest of the market, as it could lead to a higher dollar. For the FOMC meeting, we are looking for signs that could hint at a rate cut in the near term. I will provide a detailed playbook for the CPI data and the FOMC over the next two days. $BTC
The merger of FET, AGIX, and OCEAN will begin today and be completed on June 13th. If you hold tokens on CEX, your tokens will be automatically converted to FET. There is no information yet about conversions from hot and cold wallets. The conversion rate of FET to ASI is 1:1, which is convenient for us and means that the price will probably not change. You will get 1 ASI token for every 1 FET token.
This also means that although the ASI chart will be new, we can still use historical data from FET to analyze ASI. Although ASI has different token economics and a higher valuation, we will be able to use some past data to try to predict the price action of ASI. This does not apply to AGIX and OCEAN, which have conversion rates of 0.433350:1 and 0.433226:1. AGIX and OCEAN holders will have to follow the FET chart if they hold ASI after the merger.
I do not have any expectations for price action from the merger. I will monitor price action and provide updates to the community. In terms of fundamental impact, I already shared my thoughts on the consolidation with the community a few weeks ago. $FET
Recent macroeconomic data has been favorable for risk assets, causing the dollar to fall sharply. While it may not be as obvious if you follow BTC on LTF, these developments have indeed had a positive impact on BTC as it is up more than 20% since the beginning of May. There are a lot of data discussed here, so here is a summary to follow up on everything:
**Unemployment rate:** The unemployment rate was 3.9%, higher than the expected 3.8%. In other words, the damage to the US job market is greater than initially expected. This puts pressure on the Fed to cut interest rates
**GDP growth:** The US economy grew 1.3% in the first quarter of 2024, lower than the initial estimate of 1.6%, and lower than the 3.4% growth recorded in the fourth quarter of 2023. This means that GDP growth has been halved since the end of last year
**PCE:** PCE inflation was 2.7% in April, in line with the expected 2.7%. Core PCE inflation was 2.8%, in line with the expected 2.8%. PCE inflation is cooling and getting closer to the Fed target
**PPI:** PPI inflation was 2.2% in April, in line with expectations of 2.2%. Also not higher than expected, which the market interpreted as positive
We are seeing some data that suggests the US economy is losing momentum, while inflation data suggests that inflation is not worse than expected. The FDIC also said today that 63 banks in the US are facing failure. Bank FUD is good for BTC. Oil prices have fallen in the past few days, which may also have an impact on the upcoming CPI data. As long as inflation remains stable, bad data and economic conditions will put more pressure on the Fed.
If unemployment is higher than expected on Friday and CPI data is slightly better next week, I think BTC will be better off in the medium term from a macroeconomic perspective. The ECB meeting will also be held in 3 days. We will wait and see. $BTC
How many of you are numb to the profitability of crypto?
I feel like a lot of people in crypto right now are numb to numbers, which is good and bad. I feel like the whole crypto industry is out of touch with reality. You guys are trading to make $1 million overnight. I think people need to put things in perspective. I know a lot of people who trade part time and your job is your primary source of income. Let's say you make $100 a day from crypto, that's about $36,000 extra in your pocket per year, which is pretty good. If trading wasn't my full time job and I did it part time on the side while I was working, I would be ecstatic to have an extra $36,000 in my pocket at the end of the year. You could take your family on vacation, start a business with it, or even invest with that money or whatever. People see a lot of flashy stuff on social media and compare themselves to other people. If you're happy, don't care about other people. I just want to say this because I don't want people to get frustrated because they think they're not doing as well as others. You don't need to compare yourself to others. Just focus on yourself and be happy. #5月非农数据即将公布
A few weeks ago I said it was best not to sell PYR at the lows around 4, now it is up 55%. But I decided to follow my original thoughts on PYR, it has been lagging and I wanted to reduce risk a bit and rotate profits. I still hold 75% of the position but have a lower exposure to it. $PYR