Yiming's Trading Diary

All content in this article is personal opinion, for learning and communication only, not as a basis for investment. Any operation based on this carries its own risks.

The market has been oscillating sideways for two weeks, during which time the market's profit-making effect has been poor, with no trending market. Yiming emphasized to everyone a week ago to pay attention to the ambush in the spot market.

Since August 5th, Yiming has been firmly bullish on the market for the second half of this year and even the first half of next year. However, some people are still living in the panic of the past. If one pursues the ultimate perfection and the lowest price in spot trading, they may end up missing opportunities.

Regarding Ethereum, Yiming's firm bullish view is objectively supported by:

1: A strong rebound when retracing the monthly lifeline.

2: Finding support at the high point of the first wave rebound.

3: The 2112 position at the low point in early August is at 78.6% of the third wave.

4: The drop from the position of 4098 at the beginning of the year to the sharp fall on August 5th coincides with 21 weeks.

Based on these objective facts, it is reasonable to judge that the next stage of the upward trend is justified.

In addition, there is hope for a reversal in the exchange rate here, as mentioned before:

1: It has retraced for 33 months from December 2021 to the present.

2: On the monthly chart, it is currently at the 61.8% level.

With the logic of Ethereum's rise and the conditions for a reversal in the exchange rate, it is judged that the altcoin market will usher in spring next. Only the altcoins that stand on the lifeline will bloom, while the rest are just cannon fodder.

The community accepts account hosting, starting from 3000U, and will select targets that stand on the daily lifeline every day.

Message: Never give up, the best things always come last.

This article is original content by Yiming. For more information, please follow the official account "Yiming's Trading Diary" to get the latest cryptocurrency news as soon as possible.

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