诗魂

$ETH
I am writing this post with a heart full of gratitude.
I have never placed myself on a high pedestal; I am just a very ordinary person. Binance provided me with a platform, and with some good luck, I became a moderately successful KOL in the square.

Actually, from the beginning to the end, my purpose or goal has always been to bring some ideas to everyone, to provide some flashes of inspiration for trading. I haven't really been as arrogant as I jokingly call myself the 'God of Ethereum'; it’s just for fun and to attract some attention.

Entering at the 2950-3000 level and now at 3700, I actually told everyone at 3000 that the future outlook for Ethereum could be very clear and thorough. This wave really feels like I helped all my friends make a significant profit, and I wanted to help everyone double their capital. So, I initially told everyone to aim for an Ethereum profit of 800-1000 points. Completing this trade would help everyone double their funds!

Now that the timeline has progressed to the present, for those who entered with me, the target of 3700 has been reached. Basically, every brother or comrade (like-minded individuals) has gained almost 2000% profit, and most people’s total capital has doubled. I kept posting to encourage everyone to hold on and not to be afraid. Now your funds have doubled, and you’ve achieved profits you’ve never seen before!

I also admire those who held on; actually, being able to hold on, in my eyes, you are the God of Ethereum!

I am very grateful to everyone. I am very happy and excited about this wave. What makes me happy is not that I made money, but that everyone made money and earned significant profits. I hope everyone remembers this feeling and never forgets it!

Total capital has doubled, and profits of around 800-1000 points have been achieved. I’m not bragging. As for the big cake in hand, I will help you double your funds again!

Remember! Everyone is their own trading god!

$ETH

Congratulations to all the brothers who held on!
You guys are really amazing, eth has reached 4100 as desired.
3000-3700
3500-4100

We can flip the warehouse in July, and in August we can continue to flip the warehouse $

I have reduced most of my position, but I will continue to hold some eth.

$ETH
When do we start work?

$ETH
In a few days, people will discover that someone has revealed his bottom-fishing long position, but little do they know this is just a rebound before an avalanche.

$ETH

Figure 1: Ethereum's weekly candlestick has undoubtedly broken through the EMA 200-day moving average on the weekly level, and the weekly candlestick pattern is a bearish engulfing candle that has broken down. Standing at this larger weekly level, there is no doubt that the bears are very, very strong, and they have managed to break below the EMA 200-day moving average on the weekly level (around 2640). Therefore, no matter how you look at this level, it is bearish, and we are far from the bottom for buying.

However, it is also important to note that the MACD on the weekly chart is in an extremely bullish configuration, while the naked candlestick is extremely bearish. These two seem contradictory, but in this situation, the weekly candlestick is likely to dominate (the candlestick is the most direct representation of capital games, while indicators are a weighted average of applied algorithms; the candlestick reigns supreme), and the MACD is more likely to transition from a bearish column to a bullish column, but this transition process will be a downward one.

Figure 2: On the daily level of Ethereum, the MACD must digest the bearish momentum here. How to digest it? It's simple; it just needs to transition from a bearish column to a bullish column. During this transition process, the market may consolidate, may pull back, or even continue to drop. But these are not important; what matters is that this segment of the MACD can transition to a bullish column. Being able to transition to a bullish column indicates that the indicator has been repaired. After the repair, wait for a bearish pattern to appear on the daily level, and then look for points to enter a short position on the four-hour chart, and that's it. Bottom fishing? Absolutely not.

Many people are losing patience, eager to open positions, but everyone, take a look at the market now: is going long profitable, or is going short profitable?
We have already entered garbage time; opening a position only requires an opportunity, and that opportunity is earned through patience and time.

$ETH

Last night, this kind of market situation is not the first time for everyone. A daily line dropped from 2700 to 2200, falling 500 points. Countless people faced liquidation, countless people regretted it. The longs say they can't understand why the market dropped like this, and I also can't understand why this segment of the market should be bullish, and then a large number of people do not set stop losses, even averaging down with floating losses.

If you suffered heavy losses in this segment of the market, then you should have some insights.

1. No one stipulates where the price must drop after rising, nor does anyone stipulate where the price must rise after falling. Support and resistance are just points, subjective guesses assigned value by humans, and there is no rule that daily lines cannot have several consecutive declines or monthly lines cannot have several consecutive declines; it's all nonsense.

2. I have said many times that this is a downtrend. The downtrend must at least break below 2600 to be completed. If it breaks below 2600 and stabilizes, it will test 2100. I have repeatedly said not to be bullish because the probability of falling is large; falling is the trend, and now it is a bear market. If you act in the direction of the higher probability, then you will not be wrong, at least you will not suffer too much loss.

3. Opening long positions and following trends is indeed fine, but regardless of what position you take, you should always set a stop loss. If you do not set a stop loss, hold positions, and average down with floating losses, whether or not you recover, you are wrong.

4. One more thing: if you are right about the trend, you must seize the opportunity. Position management is not just about opening a position below the liquidation price without a stop loss, nor is it about holding a position for several months to earn that 10% or so. If you see the opportunity, set a stop loss, muster your courage, take a chance on luck, and get to a significant position; that’s how you can make money. Those who do not set stop losses are not qualified to talk about position management.

5. The essence of contracts is gambling, betting on who has better luck, 20% skill, 80% luck, but 20% skill can give you direction, allowing you to leverage your good luck.

One fortunate thing is that this wave of downward trends, regardless of whether you benefited or not, if you listened to what I said, I feel I have provided my followers with a correct mindset and viewpoint, and I did not lead you to take a long position; everyone is shorting.

Think for yourself. If you find what I said useful, then listen; otherwise, consider it nonsense.

$ETH
Ethereum should be at 2600, I didn't expect to miss the sale 😂

$ETH
This account has opened a large position in ETH simultaneously, and there is another account that has also opened an even larger position in ETH. The live broadcast has been emphasizing not to enter a long position aimlessly in a downtrend; instead, follow the trend and seize opportunities.

Of course, if you listened to yesterday's post's advice, entering short at eight o'clock this morning would also have been profitable.

The last wave was from 3300 to 2800, and this wave is from 2900 to 2700.
Still, I reiterate that just because I closed my position doesn't mean I no longer see a bearish trend; I simply don't want to experience a small rebound that could happen, aiming for a better position to short again, while the target of 2600 has never changed.

Trading can be seen as gambling, and it indeed is a gamble, but if you bet on the direction of higher probability, set stop-losses, avoid counter-trading, and manage your risk-reward ratio well, then you can win.