Click to open the video "Today's Market 5.13": https://zhuanlan.zhihu.com/p/697534954
Click to open the video "Today's Market 5.13": https://www.bilibili.com/video/BV1Mr421j7Rp?t=5.4
Click to open the video "Today's Market 5.13": https://weibo.com/7866282591/Oe7lN1YnO
(Video recording time: 2024.5.13.16:00)
☀ BTC major trend: upward;
Minor trend: downward;
Short-term trend: upward;
BTC spot or low leverage: If you can accept a stop loss at 56500, 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 2815, you can buy on dips.
✿Last Monday, in the video, Lao Wang said, "Whether the V-shaped reversal can be established, breaking through 67300 is crucial! If it can break through, the minor trend will completely change, and then it is not recommended to short again! If it cannot break through, there is still the possibility of making new lows." Sure enough, it turned around at 65600.
✿From a technical perspective, the sharp drop below the box on May 1st and then quickly rebounding into the box is a move to clear long positions. Then a new high of 65600 was partially created, which is a small-scale reversal signal. Therefore, buying on a pullback without breaking below 60000 is an opportunity for partial long positions.
✿From the external environment (US inflation data and interest rate cuts) and the candlestick pattern, Lao Wang believes that one or two more panic-induced new lows need to be created to stop the threat of further decline. When will it stabilize and rebound? Usually when there is a bloodbath in the altcoin market, retail investors are forced to liquidate their positions in despair, the market is in turmoil, negative news is rampant! Obviously, it's not time yet.
✿Trading with analysis but without oneself is just subjective wishful thinking. Trading must be based on the market trend. As long as the market provides opportunities, whether long or short, you should strive to maximize profits at the lowest cost. If you're right, hold on; if you're wrong, run away quickly.
(For details, please watch the video.)
✿ETH: Positions at 4045 and near 3670 for unrealized profits on short positions are advised to set a trailing stop at around 3370. For short positions that were automatically filled at 3204 based on the daily EMA60 indicator, it is recommended to set a trailing stop at around 3070.
✿BTC: Positions at 38700, 46900, 47800, and near 50290 for unrealized profits on long positions are advised to set a trailing stop at around 56700. For long positions that were automatically filled at 56900 based on the 12-hour RSI indicator reaching 20, it is recommended to set a break-even stop or 58600. Positions near 60700 for unrealized profits on long positions are advised to set a break-even stop or hold until the low of the current cycle.
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"Key Points to Watch" was published at 2024.5.6.13:00. (Limit orders are very risky, and stop-loss losses may be significant! Please trade cautiously.)
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BTC Short-term Ambush Watch Suggestions (Do not open positions if the key points do not meet the conditions. 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 line is touched, with a stop loss of 1.5% (or manage profits and losses on your own). ❸ Automatically short when touching the upper edge of the pink parallel downtrend channel, with a stop loss of 1.5% (or manage profits and losses on your own).
(Key points) ❶ Near 6730, defend near 68200, target near or below 69000.
Long: (Automatic order) ❶ Automatically long when the daily RSI indicator reaches 20, with a stop loss of 2% (or manage profits and losses on your own), ❷ Automatically long when the white X line is touched, with a stop loss of 2% (or manage profits and losses on your own). ❸ Automatically long when touching the lower edge of the pink parallel downtrend channel, with a stop loss of 1.5% (or manage profits and losses on your own).
(Key points) ❶ Near 54500, defend near 54000, ❷ Near 52800, defend near 52300, target near or above 73000.
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ETH Short-term Ambush Operation Suggestions (Do not open positions if the key points do not meet the conditions. 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), ❶ Automatically short when touching the upper edge of the downward parallel line segment, with a stop loss of 1.5% (or manage profits and losses on your own). ❶ Automatically short when the daily EMA60 indicator is touched, with a stop loss of 1.5% (or manage profits and losses on your own). ❶ Automatically short when the white X line is touched, with a stop loss of 1.5% (or manage profits and losses on your own).
(Key points) ❶ Near 3333, defend near 3390, target around 2720 or below.
Long: (Automatic order) ❶ Automatically long when the daily RSI indicator reaches 20, with a stop loss of 2% (or manage profits and losses on your own), ❶ Automatically long when touching the lower edge of the downward parallel line segment, with a stop loss of 1.5% (or manage profits and losses on your own).
(Key points) ❶ Near 2720, defend near 2680, ❶ Near 2400, defend near 2350, target near 4045 or above.
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Special Reminder: Do not trade frequently, and do not make counter-trend limit orders.
The key points after the operation suggestions are fixed, but the market changes rapidly. In order to reduce risks, increase the win rate, and improve profitability, it is strongly recommended to watch the video for a more scientific approach to ensure overall success.
Lao Wang's Quotes
✿Do not hold on to positions, the profits brought back will eventually be given back to the market because of "holding on."
✿Do not guess the top or bottom, the profits from guessing will eventually 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 judge the trend based on secondary chart indicators.
✿Do not easily exit a profitable position, because you might be running away at the middle of the mountain.
✿Do not get excited when you see large bearish or bullish candlesticks, 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, 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 make counter-trend trades, hold on firmly if you're right, and run away quickly if you're wrong.
✿Do not buy because the price is low, or sell because the price is high; do not act recklessly unless the trend has changed.
✿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 guessed by the majority, and when it accumulates to a certain extent, it will erupt 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 chart and never returns…
☯Rather than envying the fish at the water's edge, it's better to retreat and set up a net.
☯It's better to have a thin skill than to accumulate wealth of millions.
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