The four-hour bullish trend is considered right-sided, and the monthly line support is considered left-sided
一鸣的交易日记
·
--
Bearish
Ethereum Weekly Interpretation
Last night, Yiming wrote a short message, clearly indicating that if the closing price is below 3016 at 8 AM today, we need to pay attention. At that time, the price was around 3060, and many people thought I was dreaming. Now it has become a reality.
Trading is like playing chess; you need to be able to move one step forward and anticipate three steps ahead, considering possible scenarios and how you would respond if they occur.
Now, let’s be clear: the weekly closing price is below the lifeline. This situation occurred once on August 5, 2024, and it must be taken very seriously to prevent the bears from directly attacking the monthly lifeline, which is quite dangerous.
At 4 AM today, Yiming also mentioned two conditions for bottom-fishing, and meeting either one is sufficient: 1: Monthly lifeline 2: Four-hour cycle turns into a bullish trend.
Apart from this, there are no reasons to enter long positions; this is for reference only.
According to the pinned post, if BTC is at the top range, other altcoins will not reach new highs, then is the logic of buying the dip to go long on ETH considered counter-trend? Or is it just about catching a rebound?
一鸣的交易日记
·
--
Bearish
Ethereum Weekly Interpretation
Last night, Yiming wrote a short message, clearly indicating that if the closing price is below 3016 at 8 AM today, we need to pay attention. At that time, the price was around 3060, and many people thought I was dreaming. Now it has become a reality.
Trading is like playing chess; you need to be able to move one step forward and anticipate three steps ahead, considering possible scenarios and how you would respond if they occur.
Now, let’s be clear: the weekly closing price is below the lifeline. This situation occurred once on August 5, 2024, and it must be taken very seriously to prevent the bears from directly attacking the monthly lifeline, which is quite dangerous.
At 4 AM today, Yiming also mentioned two conditions for bottom-fishing, and meeting either one is sufficient: 1: Monthly lifeline 2: Four-hour cycle turns into a bullish trend.
Apart from this, there are no reasons to enter long positions; this is for reference only.
The current situation is so ugly, the air force is too strong The bulls were beaten and the trend line was broken without giving them a chance to fall back No needle, no reversal, usually there is a needle before the reversal The bigger the wind and waves, the more expensive the fish A 50% discount on knockoffs, are you ready to stock up on spot goods?
$XAI Right now, what is actually falling? BTC stands firm at 98000, and I haven't heard of any events happening? What is falling? Everyone is bullish, but are they all shorting behind the scenes? Article content, ads everywhere, sigh... it’s all just a bubble!
It is obvious that the goods are shipped using the small key, and the main force cannot exhaust the goods.
東方聖人
·
--
$XAI Right now, what is actually falling? BTC stands firm at 98000, and I haven't heard of any events happening? What is falling? Everyone is bullish, but are they all shorting behind the scenes? Article content, ads everywhere, sigh... it’s all just a bubble!
$FTM What's the use of the strong exchange rate when BTC was rising? Now that BTC has shown signs of rising, the exchange rate has started to fall. What does this mean? It means there is no dog dealer