Cryptocurrency News
December 23 Hot Topics:
1. Trump appoints Bo Hines as Executive Director of the Digital Asset Advisory Committee
2. Foreign media: The United Arab Emirates holds $40 billion worth of Bitcoin
3. Wormhole DAO will launch in the first quarter of 2025
4. Coinbase releases 2025 Crypto Market Outlook report
5. Kaito Genesis NFT minting proceeds will be fully distributed to Yaps points users
Trading Insights
Why is Wave 3 the best buying point in trading cryptocurrencies? After pondering for a long time, I finally understood the true meaning of this chart! All trading originates from this. From significant losses to a comeback, I have learned many methods along the way, but I truly believe that the wave theory resonates deeply with me. Today, I want to share my insights on wave theory trading strategies over the years. The methods may be simple, but they are rich in content, so keep them for reference. To understand the basic logic of swing trading, one must first understand what wave structure is. Simply put, in an upward trend, the operating pattern that drives the price of the coin to continuously rise is generally a five-wave push pattern, known as the famous five waves up; while in a downward trend, the operating pattern that drives the price to continuously fall is a three-wave adjustment pattern, known as the famous three waves down. From the perspective of wave theory, buying point 1 is when the trend has just begun to reverse; this stage is just starting, and the safety factor is low. Buying point 2 is when the market is in a consolidation phase, with limited gains; buying point 3 is the starting position of the main upward wave, and usually, this wave's increase is at least 1.5 times that of wave 1. [At the current stage], it is often easy to trigger a big market movement. If we analyze it using the Chande theory, this is the resonance buying point of large and small levels, which is highly reliable and makes it easy to capture significant profits. If you still find wave theory obscure and difficult to understand, please remember its three laws to grasp the essence of wave theory. Law 1: The correction of wave 2 generally does not exceed the starting point of wave 1. Law 2: Among the basic driving patterns of waves 1, 3, and 5, the increase of wave 3 will not be the shortest of the waves. Law 3: In a complete five-wave push, the adjustment of wave 4 will not fall into the price range of wave 1.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to the friends who followed along. If your trading isn't going well, you can come and test the waters.
The data is real, and each order has a screenshot from the time it was issued.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily line fell from a high of around 97,450 to a low of around 94,250 yesterday, closing around 95,200. The support level is near MA60, and a pullback can be used to buy near this level. The resistance level is near MA30; if broken, it can be seen up to MA14. MACD shows an increase in bearish momentum. On the four-hour chart, the support level is near 92,700, and the resistance level is near the MA7 moving average; if broken, it can be seen up to MA200. MACD is oscillating and flattening, with the two lines converging. In the short term, buying can be done near 92,670-91,600, with a rebound target of around 95,600-98,500.
ETH
Analysis
Ethereum's daily line fell from a high of around 3,405 to a low of around 3,220 yesterday, closing around 3,280. The support level is near 3,130; if broken, it can be seen near the MA360 yearly line. A pullback can be used to buy near this level. The resistance level is near MA7; if broken, it can be seen up to MA30. MACD shows an increase in bearish momentum. On the four-hour chart, the resistance level is near MA30; if broken, it can be seen up to MA200. MACD is oscillating and flattening, with the two lines converging. In the short term, buying can be done near 3,131-3,050, with a rebound target of around 3,450-3,665.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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