Bitcoin BTC/ETH trend analysis on November 23, DOGE takes off strongly, can it reach a new high this time?
PS: Bitcoin is in a sideways consolidation and cleansing process. DOGE took off strongly again within 1 hour after its deployment. Can it reach 1 USD?
Before we talk about DOGE, let’s take a look at Bitcoin. After Bitcoin rose strongly to around 99,000, it began to move sideways to clean up leverage. Currently, everyone’s attention is focused on $100,000. From 58,000 points in September, it directly reached $100,000 in less than two months, which was very fast. Many people were left at a loss!
Let's take a look at 4H now. At present, Bitcoin has not broken through the three high points tested in the 4H channel. In the past two weeks, Bitcoin has been strong with more than 10 billion US dollars of leverage. Countless air forces have become fuel in the middle. At this moment when the greed index is off the charts, we must pay close attention to the risks! Whether Bitcoin breaks through the upper track of this channel and stands on the 102,500 line mentioned by the shepherd, or washes the leverage, the decisions we need to make are talked about every day, and I will not repeat them here today, because our eyes should be on He Yue and the cottage in this market, and we must never lose other opportunities for the sideways trading of Bitcoin!
#doge⚡ Dogecoin is about to break through the oscillation channel. Once it breaks through, it will quickly reach the 0.53-0.57 line, close to its historical high!
Bitcoin BTC/ETH Trend Analysis on November 22, the $100,000 Barrier is Within Reach! What Should Be the Next Decision?
Morning review: Bitcoin is just 1,000 points away from the $100,000 mark. Will it continue to rise to higher positions or take a phased profit? This is what many people are most concerned about!
Review of the past: November is about to end, and during this month Bitcoin has risen from 60,000 to around 100,000, an increase of nearly 45%. Looking back over the past month, Shepherd has repeatedly guided everyone to enter the market at low points. Unfortunately, during Shepherd's recent business trip, many inexperienced traders still thought they could make a profit. I understand the psychology of these traders: first, they do not understand the operational patterns of Bitcoin because they have not experienced two cycles of bull and bear markets like Shepherd. Second, those who gamble often have a gambling mentality in reality; if you don't believe it, observe your fellow traders, and gamblers often refuse to admit defeat, even knowing they are wrong, they still cling to the hope of winning back once!
November 19 Bitcoin BTC/ETH trend analysis, beware of high-level sideways fluctuations, multiple failed attempts to break through resistance!
Morning review: Bitcoin has repeatedly failed to break through, with significant resistance at the 91,000 level. Be cautious of sideways fluctuations that could burst the long positions!
Currently, Bitcoin's market trend has shown some signs of pullback. We can see that Bitcoin has repeatedly failed to break through resistance. Shepherd has pointed out this key level multiple times. Frequent failures to break through may lead to a failed attempt to reach 100,000 in the near future.
The current market sentiment has entered a state of extreme greed. In this emotional state, the market is very likely to undergo a significant pullback to clear out bulls and leverage!
Bitcoin BTC/ETH trend analysis on November 18, the $100,000 target remains unchanged! This key position will lead to a major trend!
Early review: Bitcoin continues to flow out of CEX, and the chips accumulated since September have not yet completed a large-scale turnover!
Bitcoin is currently at the 90,000 point level, very close to the critical suppression point of 91,000. At 6 a.m. today, it fell to around 88,000. Many people asked Muyang, saying, Brother Muyang, Bitcoin has fallen again, is there going to be a big pullback?
I am here to tell you confidently that there is no sign of a major downturn at the moment, which means that there will not be a cliff-like pullback. Let me tell you through some data and graphic technical indicators! First of all: Bitcoin continues to flow out of CEX. We can see that in the past 30 days, all CEX outflows are positive data. From the chart, we can see that except for a small amount of inflow on Binance, the rest are all outflows! This shows that the market sentiment is bullish in the future! In the past 30 days, nearly 100,000 Bitcoins have been collected, with a total value of about 9 billion US dollars!
#CFX.24小时交易策略 The bottom has been established, and CEX is constantly flowing out of chips! Chinese things have to be polished! There should be a wave of about 30% increase within a week! $BTC
Bitcoin trend analysis on November 17, wait patiently for the key position to stabilize, the market outlook is bullish!
Previous situation review: Yesterday, the big cake hit the upper suppression of 91,000 and was suppressed again. In the previous content, the shepherd pointed out that this is a key position. The first key position is 83,000. After breaking up, the right side intervened. The subsequent trend has always been in accordance with the shepherd's thinking. The current price of big cake has just run to this key position.
At present, we can see that the big cake is just at the key suppression position of 91,000. We can see from the small cycle chart that the big cake is currently oscillating in a channel, testing the key position of 91,000 upwards many times. The dense trading area below is at 86,000. This is a key support. As long as this key position is not broken, the big cake will continue to rise to 100,000 US dollars in the future.
The current strategy is that every time the pin is inserted downward, it is the best time to intervene. I don’t think this round of market has ended, so every instant decline is a good opportunity to intervene.
ETH: There is key support at the 3022 line in the short cycle, mainly low-long, it is worth mentioning that ETH's overall momentum is weak at present, and the pressure at the 3350 line is very strong. You can make short-term operations according to the fluctuations of the big cake!
11.16 Bitcoin Trend Early Review: Bitcoin is about to break through $100,000, this key position needs attention!
Bitcoin has been breaking through strongly since September. Now we see the small cycle graph. From the graph, we can see that Bitcoin is constantly raising the bottom. Even if there are adjustments in the middle, they are some very small-scale sideways shock adjustments. In the previous content, Muyang reminded that Bitcoin will have a retracement to kill the bulls He Yue. Bitcoin retreated from around 90,000 to 86,000 points this week, clearing a lot of bulls.
Then we can see that even when Bitcoin retreated, it did not fall below the key position drawn by Muyang, so I repeatedly reminded everyone that He Yue should focus on low-long and must not short in place!
From the Fibonacci sequence, we can see that the current upper pressure point of the big cake is 1.618 (101303). In the previous issue, the shepherd pointed out that a key position is 91000. In this week's trend, the big cake has a retracement when it runs to 90,000, so we regard this retracement as effective. Therefore, if the current big cake stands firmly at the 91000 line, we can continue to be bullish to above 100,000 US dollars in the future!
On the 4H level chart, we can see that the big cake has been oscillating in this small channel. The current price is already on the upper track of the channel. This small channel is a dense trading area. The bottom of the channel is at the 86400 line. There is a dense support here! Once the big cake stands firmly on the upper track of the channel, there will be great momentum to continue to break through to the 100,000 US dollar mark! In the previous content, I said that the big cake will break 100,000 US dollars by the end of the year. According to the current trend, this goal may be very close!
In the real-time strategy, we have been doing more at low levels during this period, including some real-time strategies, such as the ETH3015-3020 line last night! #市场回调,观望还是上车?
November 12 Bitcoin BTC/ETH Market Trend Analysis, Bitcoin Approaching $100,000 Soon, Only One Resistance Level Ahead!
Morning Review: Bitcoin continued to break through strongly last night, just a 10% increase away from $100,000!
Previous Review: In yesterday's content, Shepherd pointed out that Bitcoin currently needs to watch two levels, one being the Fibonacci sequence's 1.27 (around 83,500). If it stabilizes at this level, we will see the 1.41 (91,052) level. Last night, Bitcoin strongly surged to 89,500, very close to the final resistance. When the market started in September, Shepherd repeatedly pointed out that Bitcoin would reach $100,000 this year, and this goal can be said to be achieved soon! He also mentioned that Bitcoin will experience a trend reversal between September 30 and October 10. Many old fans should know this; friends who haven't referred to Shepherd's previous content can go back and check it out!
November 11 Bitcoin BTC/ETH Market Trend Analysis, Breaking New Highs Again, Likely to Trigger Overall Market FOMO Sentiment! Key Resistance Above is Here!
Morning Review: Bitcoin continues to break new highs, and market sentiment has been ignited. We cannot predict the peak, so do not go against the trend to short! Review: In yesterday's content, the Shepherd mentioned that Bitcoin returned above 77000 points and should not go short. In previous content, I provided a key level of 77500. As long as it breaks above, we can engage in right-side trading! So, over the past few days, we have been leading everyone to continuously go long. Since we engaged at 60000 points until now, we have only implemented profit-taking strategies at several key levels and have not made any short plans! The Shepherd has always emphasized that everyone should focus on going long at low prices!
11.9 Bitcoin BTC/ETH Market Trend Analysis, Short-Term Cannot Short from the Same Position!
Morning Review: Bitcoin remains strong, the 1H ascending channel has not been broken, so we cannot short from the same position!
Previous Review: On the day of the big drop on November 5th, many people asked me if they could short, the shepherd mentioned in the article that we cannot short from the same position. Now, just three days later, it has risen directly from 66,000 points to 77,000 points. The reasons for not shorting from the same position have been mentioned in the previous article, and today I want to emphasize again the term "cannot short from the same position". Let's take a look together!
Today is November 9th, and let's first look at the 1H chart. In yesterday's article, the shepherd mentioned that the short-term 1H Bitcoin is in a rapid rise followed by a fluctuating up and down channel. As long as the lower boundary of this channel is not broken, we cannot participate in shorting. Although during this wave, Bitcoin was pulled down without volume during the US elections, we can see the high points above, but do not short from the same position, because the current market sentiment is here. Looking at history, many people should remember that it started fluctuating upward from September last year, and after a rapid breakout in October, it reached new highs. On the altcoin side: The shepherd has previously mentioned a few: JTO/ARKM/DOGE/ENA are currently performing very well.
Next, we will look at: YGG/WLD/ONDO
Note: Old Lin's daily content is only for providing a general direction, specific situations need to be based on market changes for real-time decisions! If you still cannot grasp the market, please carefully read my collection titled "How Chives Are Cultivated". I will continue to create and provide high-quality cryptocurrency content for everyone!
November 7 Bitcoin BTC/ETH Trend Analysis, Breaking Historical Highs, Pay Attention to High Position Liquidation!
Morning review: Bitcoin has broken through historical highs, and with Trump's support, cryptocurrencies are surging. Amid the excitement, we need to think calmly!
Review of previous events: In earlier discussions, during the period of oscillating declines, Lin the shepherd continuously reminded everyone that Bitcoin had not broken through the dense transaction area and also clearly pointed out in the analysis two days ago that Bitcoin was in the RSI oversold zone, with MACD showing a bottom divergence, which was expected to rebound. Many people do not reference objective facts and, with slight oscillation, say it will break below 60,000 and then make huge bets, the outcome of which is now evident. This is a very 'leek-like' behavior. If we don't reference indicators, data, and the external environment to make plans, it is very difficult to achieve high accuracy!
November 5 Bitcoin BTC/ETH trend analysis, short-term rebound expected above 69000! Cautiously do not short in place!
Morning review: The Bitcoin chart shows that RSI has entered the oversold area, with a bottom divergence state on the 1H MACD, and a rebound is expected, be cautious about intervening in short positions! Review of previous events: In this wave of Bitcoin market since early September, Lin Mu Yang has been guiding everyone to buy the dip and continuously indicating that Bitcoin is about to start an upward trend, until on October 30 when Bitcoin approached its historical high, failing to break through twice. Mu Yang reminded everyone about the two failed breakouts and that the volume did not expand, so caution should be taken for the retracement risk. Whether it is the DOGE among the altcoins or Bitcoin's He Yue, our dedicated channel members have indeed reaped great rewards. On the day of the U.S. election, Mu Yang once again reminded that the market movements caused by the election might result in severe fluctuations, and it is not advisable to intervene in the He Yue strategy at this time, leading everyone to perfectly avoid risks.
How to Use Key Levels in Combination with Naked Candlesticks to Make a 90% Win Rate Contract in 'How Retail Investors Are Trained - Issue 5'!
In the previous content, Lin Mu Yang taught how to create a trading plan from large timeframes to small timeframes. In the article, we discussed the concept of 'key levels.' Today, I will teach you a naked candlestick method with a win rate of up to 90%. First, we need to identify an important candlestick pattern from the candlestick chart. Please pay attention to the following points: 1. The color of the candlestick is irrelevant, but the body must be moderate and not too long. 2. The length of the inverse shadow must be at least twice the body; otherwise, it cannot be considered an effective candlestick. 3. In actual operations, some deformed candlesticks also meet the criteria, especially when the shadows in the same direction are very short. See the chart below.
November 4th Bitcoin BTC/ETH Trend Analysis, Bullish Momentum Gradually Weakens, US Election Approaches, Beware of Severe Market Spikes!
Early Review: Bitcoin tested the key level of 68150 yesterday and recovered to around 69200 this morning. However, the downward test breaking the key level is a very bad signal, indicating that market sentiment lacks strong confidence in a significant rise later. This also involves the risk assessment of large whales and institutions making hedging decisions due to the potential for drastic fluctuations in the market.#美国大选后涨或跌? Let’s focus on the US election starting tomorrow, and the shepherd will provide a brief analysis of the market outlook. 1. Election Results Announcement: The results of the election on November 5 are expected to be announced that evening. Reflecting on the last time Trump was elected, the market experienced drastic fluctuations, from limit up to limit down, with many people facing liquidation within a day.
November 3 Bitcoin BTC/ETH Trend Analysis, not broken critical point, this position is very important! Need to pay close attention!
Early Review: Bitcoin had rapid up and down spikes yesterday and today, pay attention to the 68150 line!
Review of Previous Events: Four days ago, on Thursday, Lin Mu Yang started to remind everyone that Bitcoin failed to approach its historical high twice. We should adopt a cautious attitude towards the directional trend. As of now, Bitcoin has retraced about 5000 points, and the trend is within our expectations and control! In yesterday's trend analysis, Lin Mu Yang pointed out that the long upper shadow of the weekly K of the larger cycle shows a sign of decline, indicating that bullish momentum is gradually weakening. If there is to be an increase, it will require greater momentum!
Early Review: Multiple forces are jointly strangling long contracts, Bitcoin's upward movement is blocked, and as expected, it has retreated by 3000 points. If it cannot break through this week, it will be very dangerous!
In yesterday's market, Lin Mu Yang pointed out that Bitcoin's approach to the historical high for two consecutive days has failed, and we should not be blindly optimistic. He provided key information, which is to be cautious of CEX jointly pulling the plug to strangle long contracts. Around 10 PM last night, Bitcoin led the entire crypto market to start declining and retracing, which aligns with our psychological expectations!
Bitcoin has currently broken below 69000 in the morning, returning to a densely traded area. From the daily candlestick view, Bitcoin is still within this densely traded area, where a key signal is at 68152. Once it breaks below this densely traded area, it indicates that the bullish strength will be significantly weakened.
The large cycle weekly candlestick has 2 days left to close this week. A signal we need to closely monitor is whether the weekly candlestick will close positively and stabilize above the upper boundary of the overall oscillation channel. This signal is crucial and will determine whether Bitcoin continues its bullish trend. This position is around 65014, meaning as long as it breaks below this level, we may change our outlook!
In yesterday's content, Mu Yang pointed out that the long contracts concentrated more than 15 billion, and he indicated that this is a very dangerous signal. As of now, 50% of it has already been liquidated! Currently, about 9 billion remains!
Today: If Bitcoin cannot maintain the 68152 line on the daily candlestick, it may break below the upper boundary of this oscillation channel and return to the channel for downward adjustment and oscillation, indicating that this breakout has failed! Temporarily halt contract trading during the day to prevent exacerbating risks in significant fluctuations! #美国大选后行情预测
Morning review: Bitcoin has approached the historical high for two consecutive days but is facing resistance; do not be blindly optimistic!
After a 210-day period of turbulent decline, Bitcoin finally approached its historical high in the last two days of October. Based on a comprehensive analysis of various situations, it is necessary for Bitcoin to directly break through the historical high. However, currently, Bitcoin is facing significant pressure as it nears its historical high, which we need to be vigilant about.
Currently, the weekly K chart for Bitcoin has firmly established itself above the upper track of the fluctuation channel. In previous writings, Lin Mu Yang analyzed that the long-term MACD for Bitcoin is about to golden cross, with the MACD operating above the zero axis, which is a very positive trend. It is increasingly approaching the historical high, and the leverage of Heyi is also infinitely increasing! In yesterday's article, Mu Yang mentioned that the current Heyi leverage has accumulated to around 15 billion, which is a very dangerous signal! Therefore, we must closely monitor whether it can directly break through the historical high in the near future!
Trend analysis of Bitcoin BTC/ETH on October 30, approaching historical highs, Bitcoin will make a historic choice!
Morning review: Bitcoin approached the historical high last night, just about 100 points away, and will soon make a historical choice! #BTC突破7万大关 Bitcoin is approaching historical highs, aligning with our previous expectations. Since hitting 60,000 in September, Lin Mu Yang has been indicating that Bitcoin will change direction and challenge 70,000. Previously, I mentioned that Bitcoin's long-term weekly K chart has entered a fluctuating upward channel. In the previous Bitcoin decline cycle, it lasted about 210 days, and this fluctuation has also run for about 200 days. I indicated that Bitcoin was about to change direction. Currently, the market trend is consistent with my expectations. When Bitcoin fluctuated within the channel for about 210 days, it started to break through the upper channel. The overall market aligns with our expectations. Throughout October, we have been emphasizing low positions for trading. Our professional team has captured about 15,000 points on Bitcoin and Heyue! Everyone can review my historical market analysis judgments!