[Today's market 11.20 video](//BTC, ETH today's market (11.20) operation points and thoughts. High-level substantial continued washing, is it time for a pullback? - Trader Lao Wang's article - Zhihu https://zhuanlan.zhihu.com/p/667794772)Or click to open: https://zhuanlan.zhihu.com/p/667794772
Today's market 11.20 videoOr click to open: https://weibo.com/7860089005/NtrBjfDW4
Today's market 11.20 videoOr click to open: https://youtu.be/1eVTorxn0-4
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✿High-level substantial continued washing, it's close to making a big move. BTC continues horizontal oscillation between 34700-38000, ETH has formed a small-level oscillating downward channel, short-term can consider setting good stop-loss for shorting at high and buying low.
✿The upward major trend has not changed, the important support below is 33200, if it doesn't fall below, there is still a possibility of reaching a new high, breaking it will likely lead to a deep pullback.
✿BTC, ETH have completed the short-term reversal and retracement, set good stop-loss for short positions.
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✿ETH: Entry points near 1552, 1760, 1790, for remaining long positions with unrealized profits, it is recommended to set stop-loss at 1840; for short positions entered at 2030 with unrealized profits, it is recommended to set stop-loss at 2100.
✿BTC: Entry points near 25700, 26100, 26700, 33400, 34300, for remaining long positions with unrealized profits, it is recommended to set trailing stop at BTC34300. For short positions entered at 37400, it is recommended to set stop-loss at 28200.
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"Operation points" published on 2023.11.20.12. (Placing limit orders is very dangerous, stop-loss losses may be significant! Please operate with caution)
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BTC short-term operation suggestions (After the activation of the entry points, profit and loss are at your own discretion): (Attempt) Long near 33400, stop-loss at 32900, target 36300 or higher; Long near 31500-30300, stop-loss at 29600, target 33400. Short near 39600-42200, stop-loss at 42800, target 38000 or lower.
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ETH short-term operation suggestions (After the activation of the entry points, profit and loss are at your own discretion): Long near 1870-1820, stop-loss at 1780, target 2030 or higher. (Attempt) Short near 2060-2110, stop-loss at 2170, target 1870 or lower. (Attempt) Short near 2300, stop-loss at 2330, target 2120 or lower. Short near 2450, stop-loss at 2485, target 2120 or lower.
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Special reminder: Do not trade frequently, do not place limit orders against the trend.
The entry points after the operation suggestions are fixed, but the market changes rapidly like a battlefield. In order to reduce risk, increase winning rate and profitability, 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 positions, the profits brought back will eventually be given back to the market due to "holding".
✿Do not guess the top or bottom, the profits gained from guessing will eventually be given back to the market due to "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 might be running at the middle of the mountain.
✿Do not get excited when seeing large bearish or bullish candles, because it might be a "show" 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 opportunities every day.
✿Do not trade frequently, not only will it make you lose sight of the big picture and increase the chances of making mistakes, it will also increase trading costs, which is not worth it.
✿Do not go against the trend, hold on firmly if you are right, and quickly run if you are wrong.
✿Do not buy because the price is low, or 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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☯Trading is the most difficult skill to master, the more delicate, the lower the risk, impatience and roughness will be extremely dangerous.
☯Qualified traders not only grasp the direction of the major trend, but also must have the ability to insight into micro changes, because any major market movement starts from the one-minute chart and never returns…
☯Rather than envying the fish at the edge of the abyss, it is better to retreat and set the net.
☯Accumulating wealth of millions is not as good as having a skill.
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