You can only board like this when you miss the opportunity, Every time there’s a major pin insertion at the 4-hour level, After the insertion, just buy the spot, in four or five times. Once you’ve bought, don’t look back; there’s no other way, Otherwise, you will continue to suffer.
Everyone prefers to watch indicators over volume and price analysis, The threshold for indicators is lower, and it's easier for everyone to grasp the concept of "carving the boat to seek the sword." However, my issuance of ETH is not solely based on indicators; I also want to go long on ETH based on volume and price. Here is an internal ETH reading.
ETHBTC, from the perspective of the exchange rate, it has already returned to an important support position at the weekly level. From a local perspective, it has also entered an oversold channel of decline, making it very likely that this is the bottom.
Looking at the ETH daily chart, it appears a bit chaotic. Switching to the 3-day chart, on the right side, demand still exceeds supply, and today it has risen, forming a higher low in the previous states:
So looking at the daily level: I bought spot + coin-based around 2470.
The message sent two days ago on X has only been forwarded today..
BTC whale address holdings have been increasing, which at least indicates that this is definitely not the top, if this is the end of this round, whale holdings would be near the lows, and not increasing, main players eat the meat, we drink the soup~
ETH weekly level has shown a buy signal, we don't need to follow the crowd with FUD. The Wyckoff indicator hasn't been wrong in the trend of the larger cycle. You can take a look. In February this year, I mentioned indicators suggesting BTC would peak and pull back. Now ETH's weekly chart has a buy signal. You can check the historical indicator signals for ETH during trend markets. In January 2020: 111.98% In April 2020: 2657.77% In August 2021: 126.37% In December 2021: sell signal -78% In November 2023: 128.06% In October 2024, how much can this wave achieve? A minimum of 100% isn't too high, right? Welcome to join and bookmark for future digging~ $ETH
I have decided to give up on altcoins, now 80% of funds go to BESB, 20% of funds go to altcoins ( after breaking even on altcoins, reduce to below 10%) Most web3 projects are unlikely to be profitable, therefore, after the IPO (listing on BN), making money from retail investors is the only way, after all, the project team is not doing this out of love.
Web3 has been developing for so long, especially the last 20 years, there have been hundreds of IPO projects, but the retail pool (capital) does not show significant growth (not sure if it's still decreasing) Supply exceeds demand, it will inevitably keep falling (except for BESB)
So recently, a lot of information is circulating saying that playing altcoins is not as good as playing MEME, but do you know, did MEME really just casually get on BN? Is there no capital team behind it? In the end, besides being able to run into a phenomenon level, from a meme coin to mainstream (doge, shib with a market cap of billions), other meme and VC coins are no different. If you don’t believe it, look at the various XXdoge that appeared after the last round of doge, how are they performing now?
The biggest gains this round also come from SOL and BNB for me, playing altcoins, patiently waiting for the altcoin season and then constantly getting hit and retracing, even if the altcoin season comes, would you dare to go all in? Are you sure what you are going all in on will skyrocket?
Be willing to let go of those seemingly tenfold, hundredfold, thousandfold gains from altcoins, and return to the embrace of BTC, ETH, and SOL, sleeping soundly with stability, trading is a marathon, not a sprint.
BTC Historical Trend Review, How Will Future Trends Develop?
From reviewing all the historical cycles of BTC re-accumulation, if BTC does not break the 62000-62800 range, then the overall upward trend structure remains. Strong pullbacks are still in the 64700-65300 range, and the pullback time is expected to be between November 4 and November 15 (this time is only approximate, not precise). The review of the entire cycle of re-accumulation is as follows; once you read it, you will know what abnormal behaviors to pay attention to in BTC at this stage. December 2017 - April 2019 The accumulation here only lasted about 140 days, resulting in an upward trend of about 90 days. After breaking through the key position, the weekly level pullback identification is simple.
SOL currently has no issues, compared to the price surge in September, the current volume and price are still in a healthy state. More interactions will help more people understand volume and price. #SOL #WyckoffSupplyDemandVolumePrice
Because I saw some teachers using data to prove that the current buying demand is very strong, I think it is necessary to remind everyone to avoid being misled. Today's supply selling pressure is very strong, while the buying demand has decreased a lot. I have already led group members to stop profit and hedge BES in the morning. It is more obvious here with SOL (BTC ETH is similar, but not obvious). The K volume and price are synchronized from 4 to 8 o'clock, which is a good phenomenon. The K from 8 to 12 o'clock, the volume is reduced by 1/8, but the price fluctuation is reduced by 1/2. The volume and price are not synchronized, and the demand cannot control the price. This means that the supply has doubled and started to suppress the price, and it is shipping. The K from 12 to 16 o'clock, this is basically clear to everyone, a hammer K, the supply completely suppressed the trend of these 4 hours, shipping. I saw the first two Ks and knew that it was shipping in large quantities, no need to wait for the third K. The volume and price are so simple, and it is clear at a glance that the efforts have no results. Looking at the data, they still say that the spot buying is strong, why is the more you buy, the more it falls. #WyckoffSupplyDemandQuantityPrice#SOL
SOL's re-accumulation review, I didn't buy the bottom on August 5, because I couldn't be sure whether it was the first support, (A single panic selling K can only indicate that there is demand to enter, which is an accumulation phenomenon, but there is no complete accumulation structure, and no one knows whether it will continue in the future) Around September 10, it may be judged to be stage C, Once stage C is confirmed, the structure of accumulation can be basically judged, If you do Wyckoff, if you want to catch the trend, don't intervene in stage A and B, Try to intervene in trend orders in stage C, Stage A and B can only do trading range bands, Afterwards, keep the rhythm of going long, long alts, Take profit in alts before the interest rate cut, and go long on eth sol directly after the interest rate cut, Because the accumulation phenomenon may be reversed, but the accumulation has become a structure, It is likely to continue for a while, and it is very safe to hold a position at this time. #SOL #威科夫供需量价 ☺️☺️☺️ $SOL
It is the most stupid behavior to short and trade in the trend when it comes. SOL target 1000 $sol
LIVE
Yekoikoi
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Bullish
The more I look at the weekly SOL chart, the more excited I am. If this chart becomes an upward relay, 500 is not a dream! If there is no short position, the callback is long. $SOL
The market chooses a direction in huge differences, and lays a trap in the overall consensus. 🪤. Now the market is divided, and trading strategies are very important. At 60,000, I chose 2x eth sol, and matched some low-level altcoins. I chose the pattern, but I will not open a position at this stage. I will wait for the direction to be selected and continue to roll the floating profit. Reasons: 1. The current position is profitable and has the capital of the pattern. 2. I am firmly bullish on the market, and the volume and price have already explained everything. If you are in a similar position to me, you can refer to it. If you get on the bus halfway, your mentality will cause you to lose control. This is human nature. Short? You can short, but not now. If you bet wrong on the left side, it is very good not to stop loss here. Short on the right side, earn less, but avoid big losses... We will witness it soon, making BTC great again! Let's start our great voyage.#btc#Wyckoffsupplydemandvolumeprice
This is a textbook case. The first surge in volume at the resistance position is not selling. Don't think it's selling when you see a surge in volume. You're scared to death. Now you see that the price hasn't changed and your position is gone? I've also shouted many times, don't be a swing trader. If you are a swing trader here, you can never get on the train again. If your stop loss is hit by this fluctuation, you can't hold it. Once it falls, you will see a callback of 50,000.
It is recommended to watch uTu's video for a detailed explanation of why the surge in volume is not selling. Sometimes I am abstract, but I hope to share some techniques more. (Although it is boring and no one wants to watch) ☺️☺️☺️ $BTC
BTC daily line, the moving average here immediately turns into a long-term diffusion state, just like the sudden pull-up in October last year. Continue to wait for 3 days of consolidation, and see how the US market goes in the evening. See if there is an opportunity to increase positions as Friday approaches. Keep cautious in the next few days.
4-hour overbought is still very serious, and it has not been repaired here, which means that the follow-up still depends on the callback. As long as it does not break the 637-644 range, it is the strongest retracement repair, so you can safely roll ETH SOL and other mainstream coins.