Pay attention to the pullback strength at the phase top of the Bitcoin weekly chart.

CN
4 hours ago

More? Empty? Neither, just follow the trend that you judge!

Set patterns, set points, set plans, a trinity!

The trading market is ever-changing, and what changes rapidly is human nature. Since you have chosen this market, you must choose to face the complex human heart directly.

Greed, fear, arrogance, underestimation, blindness, regret…

The market is a mirror that reflects the various aspects of human nature.

I see that the only way to overcome these is to seriously analyze, summarize, and review. Even if you look at this big V or that teacher everywhere, you must learn to discern and combine them into your own way. Of course, people today are lazy; things like one-click copy trading and "lead me" are just another method. However, I have seen too many ups and downs and human affairs.

I believe that there are only a few real opportunities to make money; you must dare to think, dare to lose, and dare to take. Every time I have a deep understanding, like this time with E-Tai, for a large single-sided market, I can accept a stop-loss ten times, but if I hold on once, it can multiply several times or even a dozen times. If you don't set a stop-loss, you must dare to hold your position; don't run away after making a little profit. Think clearly about what you rely on to make a profit, especially in the cryptocurrency market, particularly in contracts.

Understanding my words requires wisdom. When we have completed the accumulation of capital, using a more stable and safe light position with a big trend view is the true way. The purpose of analysis is not to be right or wrong, but to avoid risks. The risk is in front, and the profit is behind; this statement is always true.

Set patterns:

From a technical perspective, B-Tec has a demand for a pullback this week. Last week, it peaked at 123300 and closed with a high position bearish candlestick. This week, the main theme can follow the technical aspect to rebound, focusing on short positions. The daily candlestick is oscillating downwards; although the support around 116000 is currently effective, once it breaks, it will accelerate to test new support. The 4-hour chart maintains oscillation within the Bollinger Bands, with the upper Bollinger Band and moving averages forming short-term resistance. E-Tai's weekly level shows strong bullish recovery; the technical aspect needs correction, focusing on the gains and losses around 3500. The daily level has nine consecutive bullish candles; if it continues to rise, be cautious of pullback risks. The 4-hour chart shows high-level oscillation; pay attention to the previous high and resistance below 4000. It is important to understand one logic: the premise for E-Tai's recovery is that B-Tec continues to maintain oscillation and adjustment. If the leader significantly pulls back, the second will definitely follow.

Set points:

Short positions can be taken below 120000 for B-Tec; if it breaks down, short positions can continue below the historical high. Short positions can be taken below 3850 for E-Tai; if it rises again, short positions can continue below 4000.

Set plans:

B-Tec: Short between 118700-119700; if it breaks, short around 121500 with a 500-dollar margin, looking at the gains and losses around 113000.

E-Tai: Short between 3810-3830; if it breaks, short between 3950-3970, looking at the gains and losses around 3650 for the short term and 3500 for the medium term.

How to relieve worries? Only by becoming rich! In an avalanche, no snowflake is innocent. Do not lose yourself in madness; protect your bullets and ensure you don't leave the table, keeping chips for a counterattack at any time.

If you like it, please like and share. I wish everyone to do better and better! May you have a bright future in the cryptocurrency world!!!

V Blog-------------Wave King Xiao Zhan

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