☯ Trading is the most difficult skill to master. The finer the risk, the smaller it is, and roughness will be extremely dangerous.
☯ Qualified traders not only 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…
☯ Rather than envying the fish at the edge of the abyss, it's better to retreat and set the net.
☯ Accumulating millions of wealth is not as good as having a thin skill.
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Today's Market Video 9.25or click to open: https://www.bilibili.com/video/BV1194y1a7g2?t=2.9
Today's Market Video 9.25or click to open: https://youtu.be/rJF5IRuKq_M
Today is Monday, and the weekly chart shows a small bearish candlestick with a long upper shadow, indicating a bearish outlook. Just as Old Wang repeatedly warned last week: "It is now a fact that the descending triangle has encountered resistance again, and the probability of breaking downward is greater than breaking upward. It is recommended to cherish the short positions with good entry positions in hand." It is suggested to adjust the stop-loss or the previous cycle's high for the short positions entered near BTC 26700-26800 and ETH 1605 on Friday and Sunday, with the targets still at 25000 and 1550 or below, possibly obtaining a large profit. It is recommended to close or reduce the long positions that have not yet been profitable near BTC 26570 and ETH 1593-1600. The support below ETH is no longer very reliable.
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"Operation Suggestions" released on 2023.9.25.13. (Limit orders are very dangerous, and stop-loss losses may be significant, please operate with caution)
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Short-term operation suggestions for BTC (activate the positions, manage profits and losses at your own discretion): Buy near 25800, stop-loss at 25500, target at 26570 or above. Sell near 26570-26700-26900, stop-loss at 27240, target at 25000 or below.
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Short-term operation suggestions for ETH (activate the positions, manage profits and losses at your own discretion): Buy near 1550, stop-loss at 1530, target at 1600. Sell near 1600-1613, stop-loss at 1630, target at 1550 or below.
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Special reminder: Do not trade frequently, and do not place limit orders against the trend.
The positions after the operation suggestions are released are fixed, but the market changes rapidly like a battlefield. In order to reduce risks, increase the winning rate, and profitability, 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 a position, the profits brought back will sooner or later be given back to the market due to "holding".
✿ Do not guess the top or bottom, the profits guessed will sooner or later be given back to the market due to "guessing".
✿ Do not guess the top or bottom, because it may still be halfway up the mountain.
✿ Do not rely heavily on news, because this is "guessing" the top and bottom.
✿ Do not easily exit a profitable position, because you may be running halfway up the mountain.
✿ Do not get excited by large bearish or bullish candlesticks, because it may be a "performance" for you to see.
✿ Do not think that the market you see is the last wave of the market and act recklessly; as long as your capital is still there, there will be a market every day.
✿ Do not trade frequently, not only will it make you lose sight of the big direction and increase the probability of making mistakes, but it will also increase trading costs, which is not worth it.
✿ Do not take a position against the trend, hold on firmly if you are right, and run quickly if you are wrong.
✿ Do not buy because the price is low, and do not sell because the price is high, do not act recklessly without a change in trend.
✿ 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.
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