Two Major Taboos in Cryptocurrency Trading!

1. Greed

2. Fear

If you give up greed and learn to go empty-handed

Then you have succeeded halfway

If you are in an empty position or a light position

Then you have prevented major fear

The mindset needs to be adjusted

Fear is reduced by half

So after learning to go empty-handed

At least the skill can solve seventy-five percent

The probability already surpasses that of ordinary people ​

Midnight of December 16:

The large pancake has experienced a single bullish surge over 4 hours, and the strong bulls cannot be stopped. Once the upward breakout occurs, it signifies increased volume, making the bulls' frenzy expected and a natural result of the trend structure's influence. We previously mentioned that the current pullback of the trend is still bullish; if there is no pullback, then the short-term bullish trend continues to aim higher, with a direct surge during the day. Therefore, the market's trajectory remains quite clear, still predominantly bullish, and riding the trend is the main theme currently.

Trading Advice:

Buy between 105200-105600, looking at 107000-108000, with a stop at 105000.

(The trend is ever-changing, for reference only!)

The thought process reached perfection today, and I managed to enjoy quite a bit of space!

#btc #ETH🔥🔥🔥🔥

Pancake Midnight Voyage: Looking at 110,000 Dollars!

#btc #ETH🔥🔥🔥🔥

Key economic news in the US stock market that investors should pay attention to are as follows:

1. US stock index futures rose slightly, with the Dow futures up 0.19%, S&P 500 futures up 0.3%, and Nasdaq 100 futures up 0.52% as of now.

2. European stock markets collectively fell, with the German DAX index down 0.4%, the French CAC index down 0.89%, and the UK FTSE index down 0.39%.

3. The latest CNBC poll shows that 40% of Americans believe now is a good time to invest in stocks, the highest since 2019; only 13% of the public owns cryptocurrency.

4. Novo Nordisk announced that it will invest $1.2 billion to build a new factory in Odense, Denmark, to produce drugs for rare diseases. Construction work has reportedly begun and is expected to be completed by 2027.

5. Amazon employees are demanding that Amazon agree to begin negotiations with the union for the first union contract, otherwise warehouse workers and other Amazon employees across the US will start strikes against unfair labor practices.

6. Tesla's lithium refining plant in Texas has officially started production, becoming the first North American car company to process lithium on its own. After reaching mass production, the plant is expected to produce about 50GWh of battery-grade lithium annually.

7. Meta has written to the California Attorney General requesting to block OpenAI's business transformation, stating that OpenAI has no right to appropriate charitable assets for profit.

8. Advanced Micro Devices (AMD) fell nearly 12% in pre-market trading. The Nasdaq 100 index component adjustments were announced, adding popular stocks Palantir and Microstrategy, while AMD was removed.

9. Cathie Wood's ARK Investment Management expects Bitcoin's price to be between $124,000 and $150,000 by the end of the year. The most optimistic believe Bitcoin will break $800,000 next year.

10. Sources say that starting next year, Apple plans to launch an iPhone that is about 8mm thinner than the current model; the company also plans to release two foldable devices, aiming for a 2026 launch.

In fact, everyone will encounter their own low points, and everyone will face their own difficult challenges, whether it’s starting a business, trading, working, life, or perhaps the stage you're in right now. But isn't the beauty of life just like trading? It has its ups and downs, twists and turns. As long as you can grit your teeth and hold on during the lowest points, you will have endless opportunities, and your life can have a greater margin for error. The low point is a whetstone; as long as you can persist and be resilient, you can become sharper and sharper, and when you are at your wit's end, you can break through with great momentum!

I have thought about some of my principles below. I won't categorize them; I will write them down as they come to mind and will continue to add to them. I hope they will be useful to everyone. There are two parts: a brief overview and the specific reasons for these principles.

1. Do not criticize harshly.

2. Never use leverage.

3. Be honest with others and yourself. Do not deceive others, and do not deceive yourself.

4. Do not show off or flaunt yourself.

5. Be diligent in everything.

6. In a group of three, there must be a teacher for me. Do not focus on others' shortcomings; rather, look at others' strengths, as they are all friends.

7. Invest 99% of your effort in research before spending money. Spend 1% of your effort on buying and selling.

8. Do not blindly compare yourself to others; it will make life exhausting and lead to foolish decisions.

9. When faced with a situation, think carefully; your brain must not be lazy.

10. Do not be arrogant; the essence of arrogance is ignorance.

11. Do not play chess with a poor player.

12. Actively connect with people you like.

13. Seek inward in everything. A gentleman seeks from himself. Reflect more on your own issues.

14. Listen more to others' thoughts; do not interrupt.

15. Learn from others' excellent principles, and review and practice them immediately, providing feedback on the practice.

16. Do not speak carelessly when not collaborating; be honest about what you do not understand and strive to learn.

17. Treat each event independently, analyze independently, and do not generalize casually.

18. Reflect deeply, organize your internal logic, and write it down clearly; be diligent in writing.

19. Do not set limits for yourself; the greatest prison is the one within your own mind.

20. Do not deny others; everyone has their own utility.

The Six Major Stages of Losing Money in a Bull Market:

1. Beginning of the Bull Market
The market surges sharply, investors are filled with doubts and dare not increase their positions, only observing and missing early profit opportunities.

2. Continued Uptrend
Only when the signs of a bull market become obvious do they realize it, but due to the shadow of a bear market, they buy only a small amount, hoping for a pullback to buy more.

3. At the Peak
The bull market surges, greed arises, they put in all they have and even leverage, completely ignoring the risks.

4. Rapid Decline
The bull market crashes, mistakenly thinking it's a temporary adjustment, they increase their positions against the trend, increasing risk.

5. Continuous Heavy Loss
The market keeps plummeting, panic spreads, and unable to bear it, they cut losses, suffering heavy losses.

6. Continuous Decline
After enduring the crash, they face a prolonged decline, their assets are trapped, and they can only helplessly endure and wait for a way out, not knowing when it will end.

Summarize a few tips to avoid pitfalls:

1. An upward trend, once formed, is not easily broken. Each time it retraces to the trend line is an opportunity to get on board, so be bold in taking the plunge.

2. The momentum of the upward process is continuous. Staying away from the trend line indicates greater risk, and the potential for profit diminishes. Don't chase the market based on feelings; the idea that something will rise is often an illusion created by market makers. Chasing highs can lead to losses.

3. Go with the trend; trading cryptocurrencies is about trading trends. If the trend is bullish, entry points are also crucial. The risk of buying Bitcoin at 60,000 is very different from buying it at 100,000. Therefore, seize every opportunity when the price dips to key levels on the trend line, as that is the time to position yourself.

4. As long as you don’t chase highs, retail investors can turn into seasoned traders. Currently, we are still in a very favorable early to mid-phase of a bull market, not yet at the stage of a major explosion. Manage your positions well and allocate your account funds wisely; over the next six months, there is no issue with your account conservatively tripling to five times.

Bad habits you must get rid of in the currency circle!

One: Stubbornness. Many people are really stubborn. Stubbornness is really terrible. They always think they are really right. Everyone makes mistakes. Only when you make a mistake can you know where you are wrong and have the opportunity to correct it. Only after correcting it can you succeed. The gameplay of each round is different. It is impossible to use all the previous views now. Many people do not absorb other people's opinions and want to go all the way.

Two: I like to hold heavy positions, because many people do not like to get rich slowly. They have little capital and like to work hard. Occasionally, they will make a lot of money if they are lucky enough to get shot, but it is not certain after a long time. And they will be scared to death every day, which will cause themselves to be under too much pressure and make wrong transactions. And they must control their hands. Opportunities are not available every day, and they cannot be seized every time. They must seize their own opportunities. Don't trade frequently, and don't change positions frequently. Then, you must pay attention to safety, and pay attention to safety! Don't be too aggressive

Ideas on 12/16:

The activity of Bitcoin continues to rise, and Hangqing's trend becomes clearer. In terms of short-term trading, Bitcoin has successfully broken free from the constraints of the previous shock range and started a round of continuous high-rise mode, and there is no sign of stopping the rise. From the perspective of technical analysis of the daily chart, the next key target of the persimmon market can be seen at the important resistance area of ​​120,000. Once it successfully breaks through and stands firm, it will be expected to open up new upward space for Bitcoin prices and lead the persimmon market to a higher level.

Operation suggestions:

104000-104500 more, look at 105500-106500, and guard against 103800

(Hangqing is changing rapidly, for reference only!)

#btc #ETH🔥🔥🔥🔥

Six Basic Principles of Position Management:

First: Do not operate with a full position; always maintain a certain proportion of standby funds:

Second: Buy and sell in batches to reduce risk, average costs, and increase returns. The advantage of buying in batches downwards and selling in batches upwards is that your average price is lower than others', resulting in higher profits.

Third: When the market is weak, hold a light position; in a bear market, it is best not to exceed half a position. In a strong market, you can hold a heavier position; in a bull market, it is recommended to limit the position to 80%, with the remaining 20% as short-term or standby funds to deal with unexpected events.

Fourth: Adjust your position accordingly as market conditions change; appropriately increase or decrease your holdings.

Fifth: When the market is sluggish, you can hold a short position temporarily and wait for opportunities to arise.

Sixth: Position switching: retain strong cryptocurrencies and sell weak ones.

The above six principles apply to both spot and futures trading. If you still don't understand, please read it several times carefully. Reviewing helps to reinforce understanding, and you can be a master.

If you don't know how to filter strong cryptocurrencies, I suggest you follow me. Whether it's fresh goods or harmonious trading, a slight move could be your limit. Opportunities are fleeting, so you must seize them! Success is not based on luck; choices are greater than effort. Your circle determines your fate. In the cryptocurrency space, besides having a keen eye for timing, you also need to keep up with a good team and a good guide. By following me, you've already succeeded halfway in the crypto space, with precise strategic layout!

Contract position management and skills, once mastered, ordinary people can also turn the tables in the cryptocurrency circle!

1. Control Position
Reasonably controlling your position is key to achieving stable profits. Otherwise, your account will face failure. It is generally recommended to use 10% of your funds for trading. For example, if your account balance is $10,000, then the amount for each order should be $1,000, whether going long or short.

In a favorable market, if the entry order starts to profit, the stop-loss should be set at the opening price. Regardless of how certain the market is, the position should not be too heavy. If the order incurs a loss, do not add to your position against the trend, unless you have billions of dollars to support you.

【Position Management】
In contract trading, position management is crucial. Suppose your account funds are $10,000, it is recommended that the margin for each trade be $500-$1,000, which is 50-100 contracts. Investors can enter positions in 2-3 batches at different price levels, with each position being 50-100 contracts.

【Adding Positions Technique】
When adding positions, if the leverage is the same, the position ratio should be 1:2:3. For example, the first order is 10 contracts, the second order is 20 contracts, and the third order is 30 contracts. If the initial leverage is 20 times, the second order's leverage is 50 times, and the third order's leverage is 100 times, a maximum of three orders can be added, and the total position of these three orders should not exceed 10% of the total position. Flexibly adjusting leverage and position helps quickly recover losses or exit with profits.

【Leverage Technique】
1. The size of leverage should be determined according to the market situation. A major market is suitable for long-term operations, using low leverage to mitigate risks.
2. Quick entry and exit, using high leverage for rapid profits. Generally, it is recommended to take profits when gaining 30-50%, as the market changes rapidly; one must learn to respect the market and know when to stop.

Finally, a reminder to everyone: The trends in the cryptocurrency circle are filled with uncertainties and challenges, but they also contain potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and adopt a prudent strategy to cope with market changes.

The year 2025 will be a frenzied bull market in the cryptocurrency space, and it will also be the last chance for retail investors! As someone who has experienced three bull and bear markets, having been in the cryptocurrency space for 10 years, going from an initial capital of 8000 to now achieving financial freedom, a leap in social class! I will explain in detail about the 2025 bull market in cryptocurrency and how retail investors can make money and share in the profits! First, let's talk about why the 2025 bull market is the last chance for retail investors, roughly for several reasons:

1. The next round is highly tied to the U.S. economy.

2. The year 2024, which is this year, is an election year in the U.S. After the election, for 1-2 years, it is very likely to see a significant increase in liquidity.

It has been almost confirmed that changing the president will almost certainly lead to significant liquidity increases. Therefore, it is very likely that domestic policies will follow suit.

3. Domestic policy risk, which has been the biggest instability factor in the past for the cryptocurrency space, has now been eliminated.

After the full withdrawal from mining, the impact on the cryptocurrency space has become very low.

4. It is visibly noticeable that high-educated, young individuals from middle-class families are joining, a trend that has occurred in many emerging industries.

They will become new legends and simultaneously attract more people and more funds into the market.

5. Bitcoin ETF approval allows a large amount of capital to enter the market conveniently, driving demand.

6. Bitcoin halving, I list this last as I believe it is not the key factor for a major bull market. However, it is likely to become a key signal.

It serves as a reason to drive the bull market for institutions, retail investors, and large holders alike.

This round of the bull market is different from the last; it resembles the 2016 round, which rose to a frenzied bull market in 2017. Therefore, after the rise in 2024, the same will happen in 2025, turning into a frenzied bull market!

Top Ten Signals Before the Arrival of a Cryptocurrency Bull Market

Before a bull market arrives, there are always some key signals. By catching them, you can position yourself in advance and welcome the market surge! Here are the ten most common signs summarized to help you identify opportunities.

1. Monetary easing, abundant funds. Central banks increase liquidity and lower interest rates, leading to a market filled with funds. Bitcoin, as a "safe-haven asset," begins to gain popularity; the higher the inflation expectations, the stronger the market for Bitcoin.

2. Institutional funds entering. Large funds and institutional investors begin purchasing cryptocurrencies, which often indicates that a bull market is about to start; their entry is a significant signal.

3. The hype on social media surges.

What is the key to investing in Bitcoin?

As the pioneer of cryptocurrency, Bitcoin has attracted the attention of global investors since its inception due to its unique value storage and investment properties. However, investing in Bitcoin is not without risks, and understanding and mastering the key investment principles is crucial for successful investment.

1. Understand the essence of Bitcoin
The primary key to investing in Bitcoin is understanding its essence. Bitcoin is a decentralized digital currency that is not controlled by any central bank or government. This decentralized characteristic makes Bitcoin resistant to censorship and inflation, but it also brings the risk of high price volatility.

2. Risk management
In investing in Bitcoin, risk management is core. Due to the severe price fluctuations of Bitcoin, investors must set stop-loss points to avoid significant losses caused by sharp market fluctuations. At the same time, allocate the investment portfolio reasonably, and do not put all funds into a single asset to diversify risk.

3. Market analysis
In-depth market analysis is key to investing in Bitcoin. This includes analysis of market trends, technical analysis, and fundamental analysis. Understanding the supply and demand relationship of Bitcoin, market sentiment, policy impacts, and other factors can help investors make more informed investment decisions.

4. Long-term perspective
As an emerging asset, Bitcoin’s price may experience severe fluctuations. Therefore, maintaining a long-term investment perspective and not being influenced by short-term price fluctuations is key to investing in Bitcoin. Long-term holders are often able to withstand short-term market volatility, resulting in more stable returns.

5. Compliance and security
When investing in Bitcoin, compliance and security are equally important. Choose regulated trading platforms to ensure the safety of funds. At the same time, understand relevant tax and legal issues, operate in compliance to avoid unnecessary losses due to violations.

6. Continuous learning
The cryptocurrency market is evolving rapidly, with new technologies and applications constantly emerging. Investors need to continuously learn, keep pace with the market, and understand the latest market dynamics and technological developments to make more accurate investment decisions.

7. Psychological quality
Investing in Bitcoin requires strong psychological quality. Market fluctuations may trigger panic or greed in investors, affecting decision-making. Staying calm, adhering to established investment strategies, and not being swayed by emotions are key to successful investing.

Macroeconomic Outlook for Next Week: Fed Rate Cut in December Seems Inevitable

After a series of mixed data released this week, swap traders have reduced their bets on the Fed's easing policy path.

The Dow Jones fell a total of 1.82% this week, the S&P 500 declined 0.64%, ending a three-week streak of gains, while the Nasdaq rose 0.34%.

Bitcoin has risen for seven consecutive weeks, marking its longest streak since 2021.

The last significant monetary policy week of 2024 will draw the attention of investors.

According to statistics, at least 22 central banks, accounting for two-fifths of the global economy, will determine borrowing costs by next Friday's close. The outcome is likely to highlight that, as policymakers weigh different risks for the coming year, the momentum for easing policies now appears increasingly unbalanced. Here are the key points the market will focus on in the upcoming week:

Monday 15:30, ECB President Lagarde speaks;

Tuesday 04:45, Bank of Canada Governor Macklem speaks;

Thursday 03:00, Fed announces interest rate decision and economic projections summary;

Thursday 03:30, Fed Chair Powell holds monetary policy press conference;

Thursday (exact time TBD), Bank of Japan announces interest rate decision;

Thursday 14:30, Bank of Japan Governor Ueda Kazuo holds monetary policy press conference;

Thursday 21:30, U.S. Q3 real GDP annualized quarter-on-quarter revision, U.S. Q3 real personal consumption expenditures quarter-on-quarter preliminary, U.S. December Philadelphia Fed Manufacturing Index.

It is worth mentioning that the Fed's preferred core inflation measure—the Personal Consumption Expenditures Price Index (PCE)—will be released next Friday. Economists predict that the November PCE (excluding food and energy) may rise by 0.2%, the smallest increase in three months. This report will also show robust growth in consumer spending and income, indicating economic resilience.

Thoughts for 12/15:

The 4-hour K-line pattern of Bitcoin is currently fluctuating back and forth, and it is not yet clear if there will be a one-sided trend; for now, we are still looking at oscillation within a range before a breakout. Today, the white plate may rebound after touching the upper support and move upwards in a corrective oscillation. Of course, the short-term movements will also be slow. Day trading should still be approached as ultra-short-term; minor fluctuations in holding can be stable, and both long and short positions have opportunities, which will test the entry points. After the market moves, the timing should be focused on the late plate, and the timing will be based on the current plate.

Trading Suggestions:

Look at 100700-101200, watch for 102500-103000, protect against 100500

(The market changes rapidly; for reference only!)

#btc #ETH🔥🔥🔥🔥

Midnight Thoughts on 12/14:

The large pancake has been under high selling pressure for two consecutive days, and the bulls in the persimmon market continue to reduce their positions, which is not a good influence on the overall trend. First, it failed to stabilize around the 102000 line and is still in a continuous decline, proving that bull funds are constantly spreading. Today, the lowest point also reached around 100200, forming a new position chip area. From the 1-hour or 4-hour candlestick state of the chart, we can see that there is contact within the bottom space chip area, which has a significant rebound effect from the bottom. We can use this rebound to go long first and then short at high positions.

Operational suggestion:

Short at 102500-102000, watch 100500-100000, prevent at 102700

(Hangqing is ever-changing, for reference only!)

#btc #ETH🔥🔥🔥🔥

Controlling Greed is Essential for Trading Cryptocurrency

If a person's greed is too strong, they are truly unsuitable for trading cryptocurrency. The crypto market is a high-risk environment, and those with a weak sense of risk often rush in, becoming the first to fall.

Position control is risk control. Those with excessive greed often go all in, and those who are not afraid of losing also go all in. Anyone who cannot control their personal desires will, after numerous lessons in the crypto world, learn to manage their positions and slowly begin to achieve stable profits.

Those with moderate greed will learn quickly and will manage their positions well.

Those who are extremely greedy will not learn to manage their positions no matter how many times the market educates them, which simply indicates that such individuals are unsuitable for trading cryptocurrency.

Character determines fate; when you learn to be no longer greedy, you have attained enlightenment.

The experience of bull markets, stages.

1. Coins you haven't heard of skyrocket, while your coins stagnate.

2. You want to sell your coins to cut losses, but you're afraid of missing out on gains.

3. The rising coins continue to rise, while yours remains stagnant.

4. You hold onto a glimmer of hope, telling yourself that sectors rise in rotation.

5. Strong coins continue to rise, while yours remains stagnant. The bull market reaches its peak. Various altcoins emerge one after another.

6. You believe your coin should explode at the end of the bull market.

7. All coins are halved in value within three days, including yours, marking the end of the bull market.

8. Summary: The strong remain strong, the weak remain weak. Cut losses in time, switch to strong coins, and prepare for the next bull market.