This wave is another historical level market for Bitcoin. It's very uncomfortable to trade during such historical market levels, so don't go all-in on contracts; give yourself multiple opportunities;
When trading in a range, patiently wait for the range to emerge. For this level of market, the duration of the range could last around 2 months. If the trading range appears, 2-3 waves of fluctuations can recapture the profits from trend trades;
In hindsight, this type of market for Bitcoin and Ethereum is very suitable for rolling positions, and it often generates explosive returns. However, rolling positions is very challenging; unless you are exceptionally lucky, don't attempt rolling positions lightly. If you are not rolling positions, you generally wouldn't have a large position that has been profitable until now, so there is no perfect trading strategy in the world of trading;
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The concubine is invigorated! Finally broke through the 3000 barrier! Just as Sun Ge said! The big one is coming! But Cousin CZ said not to put all your eggs in one basket! It's leaving us bewildered! $ETH #BTC创历史新高
Is this small-level push of the big pancake a hint that it may be heading towards a terminal wedge? Can someone who understands take a look? I haven't shorted yet.
Trump is not the biggest winner! Musk and DOGE are the biggest winners!
The latest developments of the US presidential election yesterday have attracted widespread attention from around the world! With Trump's successful election as the 47th President of the United States, the cryptocurrency market has also seen huge fluctuations! Yesterday, Bitcoin (BTC) hit $75,242, breaking its all-time high set in March. It then experienced a certain correction as the election results have not been confirmed, falling below $73,000. At the same time, Dogecoin (DOGE), which was supported by Trump's policies, ushered in a strong rise. The price soared by more than 20% on Election Day and eventually broke through $0.21.
The Fear and Greed Index $BTC has reached an "Extreme Greed" level! Regarding this index, there is actually another way to use it, which is to treat it as a momentum indicator like RSI;
If the price makes a higher high, while the FG index shows a lower high, it indicates a sentiment divergence at the top, which occurred once at the end of 2021;
If the price makes a lower low, but the FG index shows a higher low, it indicates a sentiment divergence at the bottom, which occurred at the bottom of the last bear market;
I guess someone will say I'm "implying a bearish outlook" again. Sorry, I'm really not implying a bearish outlook, but rather clearly being bearish based on the context of this index...
How can I prove that my judgment from this index is wrong?
It's very simple: the price continues to make new highs, until the Fear and Greed Index also makes new highs;
In this bull market, the highest FG index was 90, and it is currently at 77. The red line index in the chart has a SMA3 added for easier observation;
So if I'm wrong, then the bull market is coming!!!
Hello everyone, I am the Coin Wing Bird! Thank you for reading! If you like it, please give a follow!
The election has officially ended! Trump declares victory! Trump thanks all his supporters, team, and family On November 6, as shown in footage broadcast by NBC News, Trump expressed his gratitude to all the voters who supported him, his campaign team behind the scenes, and his family, and kissed his wife Melania Trump. #美国大选后涨或跌?
Witness history! Bitcoin successfully breaks through its historical high! 2008 - 2024 Survived 16 years amidst skepticism and repression Today it breaks a new high in 16 years Clearly not optimistic, but you are the most resilient!
A Brief Understanding of the U.S. Election Process: Voting begins on November 5, 2024; From November 6 to December 11, each state certifies the election results; December 17: The Electoral College meets to cast official votes; January 6, 2025: The U.S. Congress holds a session to count and certify the electoral votes; January 20, 2025: The elected President of the United States is officially sworn in.
To be honest, the situation of having a large lead from the beginning doesn't feel great in my subconscious, because in 2016 and 2020, the time Trump won he was trailing at first, and the time he lost he was leading from the start... If my memory serves me right, having a large lead from the beginning always makes one a bit worried about being overtaken... Anyway, staying neutral, I hope he maintains the lead throughout this time! Thank you for reading! I am Coin Wing Bird!