Today's market situation (10.10) and operational suggestions and strategies. The BTC area continues to consolidate, currently in a wait-and-see mode.

CN
1 year ago

☯ Trading is the most difficult skill to master. The finer the risk, the smaller the risk, 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…

☯ Instead of envying the fish at the abyss, it's better to retreat and set up a net.

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

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[Today's Market 10.10 Video](//BTC, ETH Today's Market (10.10) Operation Suggestions and Thoughts. BTC area continues to wash, temporarily giving gifts. - Trader Lao Wang's Article - Zhihu https://zhuanlan.zhihu.com/p/660517699)or click to open:https://zhuanlan.zhihu.com/p/660517699

Today's Market 10.10 Videoor click to open:https://youtu.be/8gqMsq85fgU

Just said at 1 pm yesterday: "Be careful of sudden acceleration to hit the stop loss and then turn around." Sure enough, it started at 3 pm.

It is recommended to enter near ETH1740 and change the unprofitable short position to set a moving profit stop at ETH1638. For those who entered at ETH1578 last night and have not made a profit, change to break even or the low of the current cycle. For those who entered at BTC25700 and 26100 and have not made a profit, change the long position to set a moving profit stop at BTC2700.

The current direction of BTC may be a retracement of the downtrend on the weekly chart or an extension retracement of the 5th wave of the uptrend, so long at the low of BTC26000-30300 and short at the high of BTC26000-30300.

ETH's closing price has passed the previous low, favoring the short side, and looking bearish below 1670. But there is also the possibility of wide-range washing and oscillation, so be cautious in operating in the middle zone.

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"Operation Suggestions" released on 2023.10.10.13. (Limit orders are very dangerous, stop loss losses may be very large, please operate with caution)

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BTC short-term operation suggestions (after the activation of the points, profit and loss or at your own discretion): long near 2700-26700-26200, stop loss at 25800, target at 29000 or above. Short near 29000-30300, stop loss at 30700, target at 25000 or below.

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ETH short-term operation suggestions (after the activation of the points, profit and loss or at your own discretion): long near 1510, stop loss at 1485, target at 1670 or above. Short near 1625-1650-1670, stop loss at 1695, target at 1510 or below.

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

The points after the operation suggestions are fixed, but the market changes rapidly like a battlefield. In order to reduce risks, increase winning rates and returns, it is strongly recommended to watch the more scientific methods in the video for comprehensive protection.

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Lao Wang's Quotes

✿ Do not hold on to a position, the profits brought back will sooner or later be given back to the market because of "holding on."

✿ Do not guess the top or bottom, the profits guessed will sooner or later be given back to the market because of "guessing."

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

✿ Do not easily exit when in profit, because you may be running at the middle of the mountain.

✿ Do not get excited when you see big bearish or bullish candles, 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 principal is still there, there will be a market every day.

✿ Do not trade frequently, not only will it make you lose the major direction and increase the probability 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 run away quickly if you are wrong.

✿ Do not buy low out of greed, nor sell high because of the price, 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 that they are worth your trust.

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