Dialogue with Crypto Brother: What to do when it rises? Just follow these few steps!

CN
4 hours ago

This Wednesday, we had an exciting QA session with Tang Ge, answering questions and providing unique insights for our friends in the AiCoin live room!
If you want to join, feel free to download the AiCoin PC client and enter our live room through the "Group Chat" entrance. We go live every Monday, Wednesday, and Thursday afternoon!
Next, let's review the content of this live broadcast:

In 2014, right after I turned 18, the first thing I did was rush to open a stock account; by 2018, at the age of 22, I dove headfirst into the crypto space — calculating, this year marks my tenth year navigating the trading world.

In these ten years, I’ve paid quite a bit of "tuition," and the most memorable experience was getting caught in a scam on my first purchase of cryptocurrency. Because of this lesson, I have always taken the initiative to be an "anti-fraud promoter" in the crypto space, constantly reminding my friends in groups to avoid various pitfalls.

A friend asked, "Tang Ge, can you share some anti-fraud tips with us in the live room to help us avoid stepping on landmines?"
Actually, I have a lot to say, just give me a moment to organize my thoughts. By the way, if you have any questions in the comments, feel free to leave a message, and let’s have a lively discussion!

To be honest, many friends who have been scammed share a common root problem with the scammers' tactics, which revolves around the word "greed." In terms of the crypto space, avoiding pitfalls isn’t that complicated. Let me outline the key points: first, play on major platforms, and make sure to download wallet and exchange apps from legitimate sources; that’s the baseline. Secondly, when choosing coins, don’t follow the crowd blindly; mainstream coins and quality platform tokens are the ones that are unlikely to go to zero and are worth a closer look. Also, never believe others who claim "this coin can make you rich"; such statements may sound tempting but are often fraught with traps. Lastly, and most importantly, you must control your position well; don’t put all your eggs in one basket.

Oh! Especially don’t trust private messages from strangers; they are mostly scams. The first two points are the most basic and crucial; if novice friends can stick to these two, they can avoid many detours and prevent being "cleaned out."

"These words are so practical! I wonder how much unnecessary tuition Tang Ge's reminders have saved us!"
"Exactly! During that time, just reminding everyone to avoid pitfalls left me feeling exhausted, haha."

Tang Ge just mentioned going to major platforms and downloading wallet and exchange apps from legitimate sources. Speaking of which, I have a practical benefit to share with everyone —【Heavy Recommendation・Web3 Wallet Benefits】. By registering with the AiCoin binding invitation code, you can save a lot on transaction fees!

【OKX Wallet】 Invitation Code: AICOIN88
Binding Link: https://web3.okx.com/ul/joindex?ref=AICOIN88
Benefit: 20% fee reduction

【Binance Wallet】 Invitation Code: SEPRFR9Q
Binding Link: https://web3.binance.com/referral?ref=SEPRFR9Q
Benefit: 10% fee reduction

For friends who haven’t registered for OKX and Binance wallets yet, now is the time to use AiCoin's exclusive link to register and get our exclusive benefits; don’t miss out!

I am purely a technical trader and never rely on news for trading. When there’s no news affecting the market, I focus on the current structure to set short-term positions; when news comes out and potential volatility increases, I adjust the time frame to set orders, aiming for 5-15 minute spike trades. In fact, news is at most a "catalyst"; the original trend at a larger level is unlikely to be disrupted, and trading logic is that simple.

I believe this can help friends in the comments with questions! If there are more questions, we can continue asking Tang Ge after the next question is discussed.

Let’s move on to the next question: Last weekend, the market experienced a wave of movement, and many friends are concerned about the future trend of Bitcoin. What does Tang Ge think about the market outlook? What key levels should we focus on?

I often tell those around me, "In trading, you need to catch the trend and wait for the turning point." If you look back at my articles since early September, you’ll find that we predicted the bottom turning point in advance and captured the main low at the 4-hour level; the additional content from last weekend even accurately hit the low point of BTC — I post tweets daily, and these achievements can be verified; I don’t play tricks.

"Tang Ge is amazing! For those who like Tang Ge's analysis, remember to follow his Twitter account @Xxoo3k5k to get first-hand analysis information!"

As for the market outlook, I emphasized a couple of days ago: the current large-scale market is still in the phase of repairing the moving average divergence, and it’s unrealistic to expect it to rise straight up. Next, we should still focus on the upward trend line and wait for a breakout of the moving average to find low long opportunities more safely. Today's surge will definitely raise the price operation center at the daily level, but it’s hard to see a trending market; it’s more likely to be a steady and gradual rise, which means a "more up, less down" rhythm. Friends with questions in the comments, let’s wait until the next question is discussed before we continue asking.

The interview continues, and a fan just asked a question that I also want to know: How does Ethereum's trend differ from Bitcoin's? Can Tang Ge analyze ETH's trend? In the short term, what are its support and resistance levels?

In this round of market movement, ETH and BTC are no longer the kind of "all-weather linkage" they used to be; it’s more like "intermittent cooperation." Specifically, looking at the larger levels above the daily chart, ETH finds it hard to keep up with BTC's pace; however, looking at the smaller levels around the 1-hour mark, there’s about an 80% chance that both will move in sync.

In the short term, ETH is currently at a position that has just started to rebound after receiving support, but the resistance above is also very close, making it difficult for this upward movement to sustain — in my trading system, it’s currently in an "awkward position" of "neither up nor down," and we need to wait for it to break through further or pull back to determine the entry point.

The short-term resistance level is in the range of 4566-4591;

Dialogue with Crypto Tang Ge: What to do when it rises? Just follow these steps!_aicoin_figure1

If you’re considering going short, wait for the price to stand above 4630 (15-minute level) or 4710 (1-hour level) before pondering. In terms of support, there’s support around 4475, but the rebound space isn’t very obvious; if placing orders, you can first focus on the range of 4430-4411.

That’s about it. Based on the resistance at 4591, of course, we can’t rule out the possibility of a breakout, but even if it breaks out, it’s likely to return to the upper fluctuation range. If the main force hasn’t accumulated enough, a breakout isn’t actually the best choice — based on previous highs, there’s currently no sign of a breakout. I suggest everyone only trade in clearly defined structural markets, such as: waiting for an effective breakout above 4591 to find low long opportunities on a second pullback; or directly waiting for a pullback to around 4430 to go long. These two directions are rational within the current structure; for other markets without clear signals, don’t guess blindly; wait until the structure is clear before making a move.

Finally, I’d like to ask Tang Ge to give some advice to new friends who want to learn technical analysis: where should they start from scratch?

"Okay, I’ll share something practical with everyone."

As the old saying goes, "Humility brings benefits, arrogance invites losses." Whether you are a novice or an expert, before learning technical analysis, keep the word "humility" in your heart. If your mind is full of prejudices, you won’t be able to absorb others' experiences, so how can you learn well? So the first step is to learn to lower your posture.

Don’t think about taking shortcuts; building a solid foundation is the fastest route. From my personal experience, start by learning single candlesticks, then moving averages — mastering these two will help you understand the underlying logic of market operations; other indicators are just "the icing on the cake."

All indicators are based on candlesticks; mastering candlesticks and making their patterns "come alive" in your mind will help you understand price fluctuations. If you jump straight into various trading rules or advanced content without a foundation, you’ll either not understand it or get more confused, ultimately leading to obsession. Only with a solid foundation can you know what you lack and what you need to supplement.

As for those "icing on the cake" auxiliary tools, it’s enough to look at simple indicators like volume and turnover rate. I rely on a mature trading system for trading cryptocurrencies; apart from volume and turnover rate, I hardly look at other chaotic indicators; just enough is good.

"These words really resonate; I’ve definitely learned a lot!"

Join our community, let’s discuss together and become stronger!

Official Telegram community: t.me/aicoincn
AiCoin Chinese Twitter: https://x.com/AiCoinzh

OKX benefit group: https://aicoin.com/link/chat?cid=l61eM4owQ
Binance benefit group: https://aicoin.com/link/chat?cid=7JmRjnl3w

This article only represents the author's personal views and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone.

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