1. Price trends are often attracted by dense liquidation clusters The liquidation map is a chart formed by combining the liquidation points and amounts of domestic and foreign top exchanges such as Binance, OK, bitmex, bitfinex, bybit, etc. Based on this chart, as retail investors, we can set the stop-profit and stop-loss positions more scientifically and reasonably. Under normal circumstances (oscillation), when the liquidation is triggered, it will inevitably cause a small-level pause and callback. At this time, those who open reverse floating loss orders can consider adding positions near the liquidation to get rid of the position. For positive profits, you can consider closing positions near the liquidation
2. The green arrow on the liquidation map is the current price. The left side of the current price is the long order liquidation price (with a price mark at the bottom), and the right side is the short order liquidation price. The height represents the amount.
3. Liquidation tends to mark local tops and bottoms In oscillating markets, there are dense chips on that side, so it will explode there Refer to the liquidation order (picking up the bodies of those who have been liquidated) and set stop-profit and stop-loss (your own stop-loss price must at least exceed the price of most people's liquidation)#灰度GBTC资金流出趋势结束了吗?
11/04 Bitcoin market today, the past two days are short first and then long, Bitcoin market is still in the consolidation zone from 73881, and it can rise again after the shock is complete. There are currently two possibilities. One is that 7366 is the top, and it will go directly to C wave or Y wave. The other is to hit a high point and then go to C wave or Y wave. At present, I mainly focus on short-term. A wave fell from 73660, and the small structure abc was completed. It is currently rebounding in B wave. I personally think it will be above 70000, and then the rebound will end and then go to C wave.
November 2 Bitcoin Market Today: Yesterday, Bitcoin fell below the support level of $69,200, which has disrupted the upward structure, resulting in all long positions and spot holdings being exited. The upward movement of the third wave has been blocked and cannot continue the previous upward trend. Theoretically, this position no longer supports further upward movements and has instead entered an adjustment phase. It now seems that this rebound is more likely a b-wave or x-wave rebound, and there are currently signs that the market structure has shifted to a c-wave or y-wave decline. If it follows the c-wave, there may be deeper adjustments; if it follows the y-wave, the adjustment will be relatively small. The overall market structure is still in a consolidation phase, and only after the consolidation ends can a new upward trend possibly begin. There is currently a possibility of forming a wedge structure, which means there may be one more test of a high point before the decline. Therefore, the operational strategy leans towards caution; if the price rebounds above $70,000, it is recommended to open short positions in batches, with stop-loss set around $72,300. Overall, maintain a bearish outlook and wait for the consolidation structure to complete, expecting further bottom-seeking. There are only a few days left until the U.S. elections, and volatility may increase significantly!!
11.1 Bitcoin Today's Market: The Bitcoin price is around 70,300, and I suggest everyone to continue entering the market at this position. Yesterday's analysis indicated that this round of decline is within a reasonable retracement range above 69,200. Currently, Bitcoin is in the third wave of an upward trend, and the current adjustment belongs to the second wave within the third wave. After the retracement is completed, we can expect to welcome the third segment of the upward trend in the third wave. The main reason to enter at this position is that the stop-loss position is very close, allowing for good risk control. The stop-loss is set at 69,200, and the current risk is only about a 1% decline, aiming for a future increase of several percentage points, making the risk-reward ratio very favorable. However, this stop-loss level is very critical; once it is breached, the overall structure will change. Therefore, it is crucial for everyone to strictly set the stop-loss and maintain the support at 69,200. In summary, if the stop-loss is hit, reset the stop-loss to 69,200 and directly restart the long position. The stop-loss at 69,200 must be set properly; once it is hit, the overall structure will change. The U.S. election is just a few days away.
From an overall structural perspective, Bitcoin is in the third wave of an upward trend, with the previous first and second waves already completed. According to the structure, after the completion of the third wave, there will be a pullback in the fourth wave and further upward movement in the fifth wave, with a target range between 80,000 and 90,000.
In terms of details, the current consolidation belongs to the subdivided structure of the third wave, specifically the second wave within the three-wave sequence. Once the consolidation is complete, the third wave of the three-wave sequence is expected to unfold. In terms of stop-loss, it is recommended to pay attention to the key support level of 69,200. As long as this line is not broken, the overall upward trend remains solid. The current pullback is a great entry opportunity, so take advantage of it to enter and wait for the rise after the consolidation ends.
10/31 Bitcoin Today's Market Analysis: From an overall structure perspective, Bitcoin is currently in the third wave of an upward trend, with the previous first and second waves already completed. Based on structural analysis, after the completion of the third wave, there will be a fourth wave correction and a fifth wave further upward, with a target range between 80,000 and 90,000. In detail, the current consolidation belongs to the subdivided structure within the third wave, specifically the second wave of the third wave. Once the consolidation is complete, the third wave of the third wave is expected to unfold. Regarding stop-loss, it is recommended to pay attention to the key support level of 69,200; as long as this line is not broken, the overall upward trend remains solid. The current pullback presents a good entry opportunity, so take advantage of it to enter the market and wait for the rise after the consolidation ends. In summary, reset the stop-loss at 69,200; the partners who took the long position last night have also adjusted their stop-loss to 70,000 to prevent slippage.
Bitcoin price is at the 72,300 level, and last night it surged to 73,660, just 200 dollars away from the previous high of 73,881. The probability of breaking the previous high is very high. So first, I remind everyone not to short. From the overall structure, Bitcoin started adjusting from 73,881, completing the triangular Z wave in the form of WXYXZ, and after this, it will start a new round of market. The current yellow route is the third wave, and its increase will reach at least about 18% of the first wave, which means the target is between 77,000 and 78,000. According to the normal extension factor of 2.618, this wave even has the potential to hit 86,000. Therefore, the minimum should be around 78,000, and normally it will exceed 80,000. From the larger cycle perspective, Bitcoin is in a double sawtooth structure, and the new rising cycle that started from the point of 15,443 is expected to continue above 90,000, possibly reaching 110,000.
Spot or ultra-low leverage can be taken as spot; these can be arranged above, just choose your favorites; currently, these coins have not risen much and are waiting for Bitcoin to break new highs.
10/30 Bitcoin Today's Market: The yellow line confirmed when it broke 71,000 yesterday, the 2-day and 3-day lines are breaking through the upward trend, short selling is not recommended, the first target is above 80,000, and the second target is above 110,000.
Bitcoin Price Today October 29: This morning, Bitcoin has broken through the 70,000 mark, reaching a high of 70,331, which completely aligns with our previous expectations. At this position, do not easily short, continue to hold long positions. The triangular structure we mentioned earlier did indeed rebound to around 67,000 on the 27th and 28th before rallying again towards above 70,000; this trend is not unexpected. We are currently facing two possible paths: the first is the yellow route: if Bitcoin breaks above 71,000, it may enter a one-way upward trend, directly moving into a higher upward channel; the second is the white route: if it encounters resistance at the upper track and falls below 68,100, we can confirm that we will enter a deeper correction. Currently, hold on to long positions, hoping for a direct breakout of the triangular upper track, and do not consider the issue of the triangular structure ending a deep correction until it falls below 68,100.
10/28 Bitcoin Ethereum Today's Market: Since the drop from 69566, it has followed a three-wave downward pattern, then went up, then went down again, without breaking below, only completing 3 waves. The upward movement also only completed 3 waves. Currently, the 4th wave is likely to form a triangle structure, waiting for the e wave correction. It is expected to enter around 67000 to go long on the 5th small wave; target above 70000.
October 26 Bitcoin/Ethereum Today's Market: The market is as expected yesterday, currently in the C wave of the wedge pattern's 4th wave adjustment; waiting for completion before participating in long positions, temporarily observing; key focus on 65000
Bitcoin is currently around 68,300. The overall market trended upwards yesterday, and the long positions we suggested in the areas of 66 and below over the past few days have gained significantly. Today's first trading suggestion is: take profit on all long positions. So, why take profit at this position? Based on the previous market analysis, I proposed two potential scenarios for Bitcoin's rise on October 23. The first scenario (white route) is to move in a guiding wedge, followed by a significant pullback, and then start a one-sided upward trend; the second scenario (yellow route) is to go directly for a one-sided upward trend with a smaller pullback.
Bitcoin market on October 25th, today in the morning it is recommended to take profits on all long positions. The fourth wave has two possibilities, the red and white routes, pay attention to whether it breaks through the resistance level! Let's look at the next steps for operation.
Last night there was a wave of decline, and this morning we reminded everyone to take profits on long positions around 67,000 to prevent losses from this pullback. Sure enough, after the decline, we entered the market again near 66,000 and have already made a small profit. The trend since 69,566 has formed a standard three-wave downward movement. Two scenarios may occur: one is a direct upward breakout from the current position, forming a wave in the three-wave structure; the other is a price pullback, forming a guiding wedge structure, and then rising again. Both scenarios depend on the market development, but the likelihood of an upward movement in the short term is relatively high.
10/24 Bitcoin market today: Last night, long positions were taken at 66 and below 66, including all long positions taken below 60, 62, and 65, with stop losses set to 65000; after setting the stop loss, long positions continue to be held; if it falls below 65000 again, the overall market situation will change.
October 23, according to Coinglass data, the total open positions in Bitcoin futures contracts across the network is 583,060 BTC (approximately 38.87 billion USD).
Among them, the open positions in CME Bitcoin contracts are 169,560 BTC (approximately 11.28 billion USD), ranking first;
The open positions in Binance Bitcoin contracts are 121,010 BTC (approximately 8.07 billion USD), ranking second.
Currently, the price of Bitcoin is around 67,700. If you bought the dip below 67,000, you can take profits today. This is because Bitcoin may present better low points in the near future. However, for those who bought at 60,000, 62,000, and 65,000, there is no need to move, just hold on to those positions. The first possible path is the yellow route, which is the one I hope to see. Bitcoin is currently in the second wave adjustment phase of the third wave, and the next will be the main upward wave of the third wave. Once it breaks the new high, we will see it challenge 80,000 or even 90,000. This is why I’m reluctant to let everyone take profits on low-position long orders, fearing to miss this wave of increase.