BTC, ETH (February 23rd) market trends, operational points, and predictions. There may be a reversal tonight.

CN
1 year ago

Today's Market 2.23 Video_or click to open: _https://weibo.com/7860089005/O1VWLAaBG

Today's Market 2.23 Video_or click to open: _https://zhuanlan.zhihu.com/p/683584248

Today's Market 2.23 Video_or click to open: _https://www.bilibili.com/read/cv31895175/

(Video recording time: 2024.2.23.13:00.)

_✿BTC has been hovering around 51500 for 10 days. Is it kindly waiting for the opportunity for retail investors who missed the market to get on board? From the data (if the data is real), the number of retail holding addresses is increasing, while Grayscale has been selling. Is Grayscale wrong? Of course not, this is a signal that a major adjustment is likely. _

_✿The situation with ETH is different. The speculation time nodes are approaching, with the news of the spot ETF approval on March 5th and the Cancun upgrade on March 13th. There may be significant fluctuations around these two times, but Grayscale has also been selling, although the quantity is much lower than the amount of BTC sold. _

_✿From the perspective of the large-scale k-line pattern, the two brothers still have a strong momentum, with the younger one stronger than the elder. From the secondary chart, the MACD weekly fast line continues to be far away from the zero axis, the energy column continues to diverge, the RSI weekly fast line continues to be in the overbought zone, continuing to diverge, the volume strength and weakness weekly index enters the profit-taking zone, and the weekly deviation rate is close to the previous high. All of these indicate that the upward momentum of BTC and ETH is weakening, but there is still a possibility of reaching new highs. _

_✿Possible actions: tonight (set a bull trap), suddenly break up some short positions or hit the stop-loss of short positions, then quickly turn around and break the long positions of the chasers, and then enter the adjustment period. _

_✿However, analysis is one thing and trading is another. Analysis is subjective and speculative, and trading must follow the trend. _

(For more details, please watch the video.)

_✿From the current perspective, a diffusion triangle may evolve into a diamond consolidation, which is the most advanced way of shaking out weak hands, causing many people to lose their direction. _

_✿At the moment, the low point is established, but the high point is not certain yet. After the high point is confirmed, there will be a rough outline, usually the third time is the true direction. _

——————————————

✿ETH: Entry around 2255 for long positions that have not taken profit is advised to set a trailing stop at around 2700. Entry at ETH 2890 for long positions that have not taken profit is advised to set a breakeven stop or the low of the current cycle. Entry at ETH 3013 for short positions that have not taken profit is advised to set a breakeven stop or the high of the current cycle. It's best not to exit easily, wait for a breakthrough or a drop, and you will be the winner.

✿BTC: Entry around 38700 for long positions that have not taken profit is advised to set a trailing stop at around 47500. For the long positions mentioned in the group on February 10th and 12th at 46900 and 47800, it is advised to set a trailing stop at 48200. Entry at BTC 50290 (not reached on some exchanges) for long positions that have not taken profit and BTC 52550 for short positions that have not taken profit is advised to set a breakeven stop or the low or high of the current cycle, do not exit easily, wait for a breakthrough or a drop.

——————————————

《Operation Points》published at 2024.2.23.13:00. (Limit orders are very dangerous, stop-loss losses may be significant! Please trade cautiously.)

——————————————

BTC short-term ambush operation suggestion (After the activation of the entry points, please manage profits and losses at your own discretion):_

Short: (Attempt) ❶ Short near 53600, stop loss near 54000, ❷ Short near 55400, stop loss near 55900, target near 50290 or below.

Long: (Attempt) ❶ Long near 49500, stop loss near 49100, target near 52700 or above;

——————————————

ETH short-term ambush operation suggestion (After the activation of the entry points, please manage profits and losses at your own discretion):_

Short: (Attempt) ❶ Short near 3170, stop loss near 3210, target near 2890 or below.

Long: (Attempt) ❶ Long near 2848, stop loss at 2828; target near 3013 or above.

——————————————

Special reminder: Do not trade frequently, do not make counter-trend limit order trades.

The entry points after the operation suggestion is published are fixed, but the market is constantly changing like a battlefield. In order to reduce risks, increase the winning rate and profit rate, it is strongly recommended to watch the more scientific methods in the video for a comprehensive understanding.

Old Wang's Quotes

✿Do not hold on to positions, the profits brought back will eventually be given back to the market.

✿Do not guess the top or bottom, the profits from guessing will eventually be given back to the market.

✿Do not rely on news, because this is still "guessing" the top and bottom.

✿Do not judge the trend based on secondary chart indicators.

✿Do not easily exit when in profit, because you may be running at the halfway point.

✿Do not get excited when you see large bearish or bullish candles, because it may be a "show" for you.

✿Do not think that the market you see is the last wave, as long as your capital is still there, there will be opportunities every day.

✿Do not trade frequently, not only will it make you lose sight of the big picture and increase the chances of making mistakes, but it will also increase trading costs, which is not worth it.

✿Do not make counter-trend trades, hold on firmly if you are right, and quickly run if you are wrong.

✿Do not buy low out of greed, nor sell high out of fear, do not act recklessly unless the trend has changed.

✿Do not make trading your main occupation, do not stare at the screen, the time spent staring at the screen is inversely proportional to the profit.

✿Do not easily trust others' opinions, unless you are sure they are worth believing.

——————————————

☯The market is guessed by the majority, when it accumulates to a certain amount, it will erupt in the opposite direction of the majority's guess.

☯Trading is the most difficult skill to master, the more delicate, the lower the risk, impatience and roughness will be extremely dangerous.

☯Qualified traders not only need to grasp the direction of the major trend, but also need to have the ability to insight into micro changes, because any major market movement starts from the one-minute cycle and never returns…

☯It's better to retreat and set up a net than to envy the fish at the water's edge.

☯Accumulating wealth of millions is not as good as having a skill.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink