Xiao Yihang: 11.20 Bitcoin bulls at the end of their rope, beware of a flash crash at high levels.
Xiao Yihang: 11.20 Bitcoin bulls at the end of their rope, beware of a flash crash at high levels. In the past, you ignored me, but now you can't afford me. This sentence vividly illustrates the peak of Bitcoin, which is now quoted at 92500 dollars per coin, increasing more than 20 times in just four years. The cryptocurrency market has grown into a king amid skepticism and suppression. Whether we believe it or not is no longer that important; the market has already voted with its feet. Since the King of Understanding announced his candidacy, he has repeatedly stated that he wants to 'loosen' the cryptocurrency market, and light regulation policies are like the heroes of Liangshan waiting for the court's 'submission' message. Moreover, the King of Understanding's die-hard supporter, Musk, is also an advocate of Dogecoin.
Bitcoin 93000 short position of 1500 points has been reduced, Ethereum 3160-3170 short position of 800-100 points was easily taken for profit, in the last week I’ve done ten Ethereum trades and only had one stop loss, there’s nothing more to say about that.
Currently, there is still strong pressure above Bitcoin 93000, and it’s natural to gradually test short positions at high levels, which is necessary.
Today, I hope to get another rebound near 93000 to add to my short position.
Specific advice is to continue shorting between 92800-93100, with the stop loss placed above the high point at 94200. The short-term target is to look for a return to 90600-90000 to take profit and move the stop loss down. If it breaks down, hold and consider turning the short-term into a mid-long term position.
For Ethereum, continue shorting on the rebound at 3140-3160, that’s it. In the last week, the only time I was stopped out was yesterday when it temporarily spiked to 3200, but afterwards at 3170, I said to continue shorting Ethereum, still making 100 points profit near 3070.
Ethereum 3140-3160 short, stop loss at 3200, target 3060-3000, continue to watch this area. If 3000 is lost, then short Ethereum back to 2900-2800 here first.
Ethereum has taken profit again, and Bitcoin has stopped loss again.
Short Bitcoin at 92400-92500, stop loss at 93600, medium to long-term target to be determined, but short-term can easily gain 1500-3000 points each time.
Looking at the recent liquidations, it's no wonder many people can't stand seeing others shorting at a rebound high. Most have been buying long, and those who are shorting are viewed as outliers and often criticized. Today, I'm continuing to suggest shorting above 91000, and I shorted again at 91800 in the early morning, and at 91300 in the morning. I also pointed out that around 90200 in the morning, one could easily exit with a short-term profit of about 1500 points. Now that it has rebounded, I recommend continuing to short between 91300-91500!
Ethereum surged in the morning, but in the last five days, I only had one stop-loss on my Ethereum shorts, with all others winning, making at least 80-100 points each time. What more do you want? After Ethereum peaked at 3220 and then pulled back, the current price of 3160-3170 is still a good point to short again.
On November 19, Bitcoin continues to short above 91,000! Bitcoin rebounded several times to around 92,000 in the early morning, and I must increase my short position again. The average price is now directly at 91,800, and I'm shorting above 3,160 for Ethereum.
As long as the average price is above 91,000, I suggest those who want to hold medium to long-term shorts should hold their short positions well. There will be a big crash this week. As for intraday short-term fluctuations, it's also very easy to reduce positions or close them by doing around 1,500-3,000 points each time. Just like yesterday's roller coaster market, going long on rebounds at high points or quickly adjusting with an additional long position is fine. However, at 91,000, I will only short.
This trend will continue to drop in the next two days!
Continue to hold the short positions. Today's shorts at 91700, 91000, and 90500 are all profitable, and the Ethereum short has once again reached the target of 3050 for reduction!
If you want to go long, consider doing so again when it pulls back to around 86500-86000, and we will make arrangements when the time comes!
Today, we will resolutely continue to short!
For those without positions, I suggest shorting any rebound above 90000 in the evening, with a short-term target now at 88000-86500.
Ethereum, it's been a few days, last Wednesday I shorted at 3296-3300, these past few days I've continuously suggested that any rebound is a short for Ethereum, isn't it above 3100? Whether you shorted at 3110-3120 or 3150, you can profit easily!
Everyone, how do you respond? It's not that I like to short or only short. Now is a more suitable time to short at high levels! Just look at everyone's emotions now; those who are bearish are not being taken seriously, not recognized or accepted, but rather faced with the most opposition. During that period of extremely strong rise before the beginning of last week, there was indeed no temper to short at all. However, in the past seven days, just look at the daily chart, it's a high-level consolidation, with quick pullbacks of at least 3000-5000 points appearing multiple times. How can one not make money shorting in this situation, and it happens quickly as well. It also indicates a shift from the previous strong one-sided rise to high-level oscillation and repair, and after some more consolidation, a pullback trend will begin for a period of time. Therefore, recently, I would rather short whenever there is a rebound and try not to blindly chase longs.
When the time comes to go long, that's fine too; I'll notify you again at the pullback support, just like last week, where both longs and shorts could profit.
Someone asked: Why didn’t I send stop-loss levels for my suggestions yesterday and today? Yes, I currently have no intention of stopping loss while shorting! Shorting around 91000, 90500, or 91800 is fine, at most it may spike to 92400 like today, but it has already pulled back now, firmly shorting is the way to go.
Current price 91000 still shorting, directly shorting is fine, adding to short positions is also okay!
Ethereum: It’s still fine to short whenever there is a rebound, all profits, even stopping losses is difficult.
Bitcoin 91600-91700 short directly, add to the short! Many people are still looking for new highs, and are crazily chasing long positions, but I'm not. In any case, it's very difficult for Bitcoin to break through 93000 in the short term, a correction is necessary. The risk of shorting at this position is much lower than going long. Moreover, there could be a flash crash and a significant drop anytime above 90,000, I believe it will happen this week!
There have been rebounds in the morning recently, right? I went short at 90800 again, and I went short at the current price. In the short term, I will first look at the 88888-88000 area. Let's do it step by step
Short at 91000-91400 on Saturday and Sunday, and short at 90500. You can make money. And Ethereum's 🈳3050 is in place.
Short at Ethereum's current price of 3118, stop loss 3165, target 3050/3000
Ethereum rebounds and is shorted, everyone agrees, right? In recent days, it has been difficult to stop losses on Ethereum after the rebound! We continue to be optimistic about Ethereum returning below 3,000!
Bitcoin is firmly looking at a pullback, and the pullback will begin this week.
It's started! We are determined to see a correction this week, and we will see a correction until the end of next month! #Bitcoin# 83000-81000-76000-73000 is unwavering! We will get back what we lost!
It went up again, good, continue to short! The current price of Bitcoin is around 90550-90600🈳. Anyway, after yesterday's short at around 91200, I continued to increase my position today. The average price is around 90500, so just do it!
Short! Last time, I took 5,000 points in one night by shorting at 93,000-93,300! This time, I must make big money by shorting at 91,000-91,400. In the medium and long term, I will look at the 84,000-84,000 area, and then 80,000-76,000 for the time being. Of course, short-term increase orders, reduction and closing of positions, and hedging orders will be arranged according to the situation.
Now I firmly look short and never chase long. From today, Sunday, to next week and the end of this month, I will mainly look at the correction. It will fall for another month in December. The next round of increase will have to be next year. The 93,000 stage top has appeared!
What to do now? For those who are short, I suggest that you can go short directly at the current price of 89,600-89,700, with a stop loss of 90,900. The target of short-term increase orders is temporarily 88,000-87,000. Hold the short orders of 91,000-91,400 yesterday! Let’s achieve our big goals step by step.
Run away! The last chance to escape! In fact, you can see that this round of unilateral rise has been rushing on the daily MA5! After the reversal, a high-level dead cross will be formed. After the continuous correction in the past two days, many people will think that 87,000 and 85,000 have bottomed out! I think it is highly unlikely. My view is just the opposite. The rebound in the past few days is around 90,000-91,000 to build a top!
Because all the sideways and rebounds here are to attract more troops to continue to get on board. After all, the market is now full of bullish sentiments and bearish sentiments are too strong.
The lower range is 75,000-80,000. I think this small range must be stepped back. This is the starting area of the rise of more than 5,000 points last weekend, so I think there is a high probability to take over the liquidity of this cme gap. Why am I so sure? Because the decline of the altcoins in the past few days has verified that it is not the altcoin season. The rise of the altcoins has not kept up with the speed of Bitcoin. So I judge that the rise after this wave of decline is that Bitcoin will slowly touch 100,000 in a few months or even half a year. During this period, there will be a three-month altcoin season, not now.
From 70,000 to 90,000, there is no callback at all. Now, no matter from market data and various positive factors, there are not many, and the technical indicators also need to look at the callback.
Therefore, the first callback range is stuck in 83,000-80,000, and then it is the previous low area of 81,000-76,000. 73,000-73,000 also needs to be stepped back for confirmation.
Well, half a month of November has passed, and the adjustment will start in the second half of the month, starting now. December will continue to be dominated by callbacks and declines, and rebound in January.
Xiao Yihang: On November 16, the Federal Reserve sold gold and bought 1 million Bitcoins?
Xiao Yihang: On November 16, the Federal Reserve sold gold and bought 1 million Bitcoins?
On November 15, an ally of US President-elect Trump in the US Senate proposed a plan to fill the Bitcoin strategic reserve proposed by the president-elect without increasing the government deficit: selling part of the Federal Reserve's gold. Republican Senator Cynthia Lummis of Wyoming plans to push the bill when the new Congress takes office next year: the bill requires the United States to purchase 1 million bitcoins, accounting for nearly 5% of the circulating tokens.