Click to open the video "Today's Market 5.3": https://weibo.com/7866282591/OcAaUD1wf
Click to open the video "Today's Market 5.3": https://zhuanlan.zhihu.com/p/695800610
Click to open the video "Today's Market 5.3": https://www.bilibili.com/video/BV1wr421J71P?t=3.1
(Video recording time: 2024.5.3.14:00)
☀ BTC major trend: upward;
Minor trend: downward;
Short-term trend: upward;
BTC spot or low leverage: If you can accept a stop loss at 56600, you can buy on dips.
☀ ETH major trend: downward;
Minor trend: downward;
Short-term trend: upward;
ETH spot or low leverage: If you can accept a stop loss at 2820, you can buy on dips.
✿As Lao Wang said in the previous video, "From a technical perspective, now is the best time to liquidate long positions! If history repeats itself, it is possible to break through the range when President Bao speaks, and then rally again." However, it broke through before the video was uploaded, more than ten hours in advance.
✿From the chart, it can be seen that the uptrend line has not been broken. Since the start of the bull market at the end of the previous year, there have been four pullbacks of more than 20%, with an average decline of 21.39%. From a technical perspective, there have been two rapid rebounds after breaking through the range. This time, it also broke through the range, with a total decline of 23.35%. Could it be a false breakthrough? Lao Wang feels that there is a 60% chance of breaking the previous four patterns and forming a 12-hour downtrend with 5 waves, with the first support near 55800 and the second support near 52800. So if it really falls, pay attention to whether there will be a reversal on a small timeframe.
✿Analysis involves me, but trading does not. Analysis is subjective and speculative, and trading must be opportunistic and follow the trend. As long as the market provides opportunities, hold on, whether long or short, and strive to maximize profits at the lowest cost. If you're right, keep holding; if you're wrong, run away quickly.
(For details, please watch the video.)
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✿ETH: Buy at around 4045 and 3670, and if the short position has not been closed for profit, it is recommended to set a trailing stop at around 3450.
✿BTC: Buy at around 38700, 46900, 47800, and 50290, and if the long position has not been closed for profit, it is recommended to set a trailing stop at around 55000. For the long position entered at 56900 based on the 12-hour RSI indicator reaching 20, it is recommended to set a breakeven stop or the low of the current cycle.
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"Focus Points" released at 2024.5.3.14:00 (Placing limit orders is very risky, and stop loss losses may be significant! Please trade cautiously)
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BTC Short-term Ambush Focus Suggestions (Do not open a position if the focus points are not met. If accidentally activated, please manage profits and losses on your own):
Short: (Automatic order) ❶ Automatically short when the 12-hour RSI indicator reaches 80, with a stop loss of 1.5% (or manage profits and losses on your own), ❷ Automatically short when the red X trendline is reached, with a stop loss of 1% (or manage profits and losses on your own).
(Focus) ❶ Near 72900, defend near 74000, target near or below 69000.
Long: (Automatic order) ❶ Automatically long when the daily RSI indicator reaches 18, with a stop loss of 2% (or manage profits and losses on your own), ❷ Automatically long when the white X trendline is reached, with a stop loss of 2% (or manage profits and losses on your own).
(Focus) ❶ Near 55800, defend near 55300, ❷ Near 52800, defend near 52300, target near or above 73000.
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ETH Short-term Ambush Operation Suggestions (Do not open a position if the focus points are not met. If accidentally activated, please manage profits and losses on your own):
Short: ❶ (Automatic order) Automatically short when reaching the upper rail of the downward parallel line segment, with a stop loss of 1% (or manage profits and losses on your own).
(Focus) ❶ Near 3670, defend near 3740, target near 2720 or below.
Long: ❶ (Automatic order) Automatically long when reaching the lower rail of the downward parallel line segment, with a stop loss of 1.5% (or manage profits and losses on your own).
(Focus) ❶ Near 2720, defend near 2680, target near 4045 or above.
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Special Reminder: Do not trade frequently, and do not place limit orders against the trend.
The focus points after the operation suggestions are fixed, but the market changes rapidly. In order to reduce risks, increase the winning rate, and improve profitability, it is strongly recommended to watch the more scientific methods in the video for a comprehensive understanding.
Lao Wang's Quotes
✿Do not hold on to profits, as the profits brought back will eventually be given back to the market due to "holding on."
✿Do not guess the top or bottom, as the profits from guessing will eventually 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, as this is still "guessing" the top or bottom.
✿Do not judge the trend based on secondary chart indicators.
✿Do not easily exit a profitable position, as you may be running away halfway up the mountain.
✿Do not get excited by large bullish or bearish candles, as it may be a "performance" for you to see.
✿Do not think that the market you see is the last wave of the market; as long as your capital is still there, there will be opportunities every day.
✿Do not trade frequently, as it will not only make you lose sight of the big picture and increase the chances of making mistakes, but also increase trading costs, which is not worth it.
✿Do not trade against the trend; if you're right, hold on firmly, and if you're wrong, run away quickly.
✿Do not buy because the price is low, or sell because the price is high; do not act without a change in trend.
✿Do not make trading your main occupation, do not stare at the screen, as 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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☯The market is mostly guessed by the majority of people. When it accumulates to a certain amount, it will break in the opposite direction of the majority's guess.
☯Trading is the most difficult skill to master. The more delicate it is, the smaller the risk. Impatience and roughness are 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 timeframe and never returns…
☯Rather than envying the fish at the water's edge, it is better to retreat and set up a net.
☯Accumulating wealth of millions is not as good as having a skill.
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