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On January 14th, I clearly indicated a bearish outlook, followed by a 48%+ drop in ETH.
As shown in Figure 1, the tweet on February 6 explicitly stated that the decline has come to a halt, and at the very least, there will be a significant rebound, followed by a 23%+ increase in ETH.
Has the rebound ended now? Is ETH going up or down next? As shown in Figure 2, I believe that the black line, which is 1748-2152, is just the first segment of the increase, and we are currently experiencing a correction related to the first segment rather than a new decline. At least for now, there are no signs of a downward trend forming. The correction in ETH has entered its final phase, and there are two possibilities moving forward:
Red: ETH will not effectively break below the 1900 line in the near future but will instead form a converging pattern to complete the adjustment. This way, it might end the adjustment and start rising before next week.
Blue: ETH will drop to a lower point below 1900 and, after gaining support in the indicated blue area, will end the adjustment and start rising.
Both paths lead to the same endpoint: finding the end of the adjustment and starting the next wave of increase, with the only difference being the magnitude of the correction and the timing of the end.
A friend asked, “Is it certain that it won’t break below 1748?” I cannot answer such questions because trading is a game of probabilities. My analysis is merely my subjective judgment based on the market situation. Until I see a downward trend forming, I believe that the rebound starting from 1748 has not yet ended, and I formulate my trading strategy based on this view, that’s all.
Friends who missed the opportunity to short at 97900, as long as you have watched my video from January 25 or my tweet from January 29, you can also capture the big drop of 30,000 points from 91200 to 60000! No hindsight commentary, only real trading! New friends can check the tweet's release time to know.
On February 6, after BTC closed at 60000, I said there would be a rebound after an oversold drop, and then BTC rebounded from 60000 to 72200. The decline that started from 72200 has continued until now; I believe it is a correction. After the correction ends, there will be another rise of the same level as the black line shown in the chart.
There are two possibilities for this BTC adjustment:
Red: The upcoming adjustment will take a converging shape, and if it does not effectively break below the 657 line, it will complete the adjustment and start to rise.
Blue: BTC will end the fluctuation in the next two days and start to accelerate the decline. After finding support in the blue area shown in the chart, it will end the adjustment and start to rise.
Before a new low is created, I do not believe that BTC has entered a new downtrend. The ongoing adjustment will end and lead to a rise of the same level as the one from 60000 to 72200. After completing the entire wave of oversold rebound, BTC will continue to decline. #CZ币安广场AMA $BTC
The picture is from yesterday's update, which only added two reference prices, and the rest remains unchanged, original image directly out! Everyone can check if it completely meets expectations?
Yesterday, it was mentioned that Er Gouzi's rebound from 1748 has not yet ended, and the decline that started at 2152 is just an adjustment; as long as it does not break below 1748, this view remains unchanged.
Er Gouzi is likely to end the adjustment and start rising in the next couple of days, so we need to pay close attention to Er Gouzi's movements in the next couple of days.
Find the next wave of upward movement after the adjustment endpoint, which is at the same level as the segment from 1748 to 2152. #美国零售数据逊预期 #
979, 912 both indicated that the rebound was ending and that it would continue to decline, subsequently BTC dropped to 60,000; at 2.6 it indicated that the oversold rebound was about to begin, and subsequently BTC achieved a rebound of 10,000 points, currently continuing the thought from yesterday, the oversold rebound has not yet ended.
Last night BTC tested the level of 677 that I mentioned, and after not breaking it, it rebounded by 2000 points in one hour, which aligns with our expectations, so after the closing candle last night, I did a short position with community partners.
As shown in the picture, although BTC obtained support at 677 last night and formed a V-shaped rebound, overall it is still in a phase of fluctuation rather than having completed the adjustment and started to rise. There are two possible scenarios ahead:
Red: BTC this week pretends to break 672 and quickly forms a closing candle v-rebound to end the adjustment, subsequently running a wave of increase comparable to 60,000-72,000 before ending the overall rebound that started at 60,000.
Blue: The adjustment starting from 72,000 runs for a longer time, and after breaking below 67 will test the illustrated blue support range, and after finding the end of the adjustment will still initiate the next phase of increase. #何时抄底?
The script mentioned yesterday for $BTC $ETH is shown in Figure 2, and Figure 1 is the actual operating situation. Aligning knowledge and action, last night I teamed up with community partners to take a short-term long position again.
When there is a trending market, we ambush the trend; before the trend is broken, we engage in small fluctuations, continuously compounding ~#何时抄底?
On January 15, after BTC reached a high of 979, ETH did not break through 3448. Everyone was fantasizing about ETH making up to 3500, and I poured a bucket of cold water on everyone - 'BTC's rebound is over, and ETH's rebound is also likely over, 3448 does not have to be broken.' After that, ETH fell nearly 49%.
On February 5, I indicated that after hitting a low near 1800, a sharp rebound would begin. As of now, ETH has risen by a maximum of 23%. Has the sharp rebound ended? What should we do next?
Figure 2 is the red route map from yesterday; the movement from yesterday to today has almost completely followed the script. Figure 1 is the one-hour chart of ETH, which is the current market situation.
In today's BTC tweet, it was mentioned that if BTC does not break below the 675 line, the likelihood of horizontal consolidation is greater. Correspondingly, for ETH, if it does not break below the 2000 line, the probability of horizontal consolidation will also be higher. However, during a downtrend, it is always weaker than BTC. Therefore, we need to be more cautious with ETH going forward.
The red & blue routes lead to the same conclusion; both indicate that the first wave of rebound starting from 1750 has ended. What is currently running is an adjustment of the same level, and this adjustment will end around two days before Gann time 2.15. The only difference is that the blue pullback is deeper, while the red pullback is shallower. The similarity is that the overall rebound starting from 1750 has not yet ended. After finding the endpoint of the adjustment, there will be another wave of rebound, at the same level as 1750-2152.
Yesterday I mentioned the macro trend of BTC, and my view remains unchanged. Now let's discuss the micro level, which is the recent market situation.
The chart shows the hourly K-line chart of BTC. The black arrow should be viewed as the first wave of the rebound since BTC started from 60,000. The pullback starting from 722 is an adjustment to the rise from 60,000 to 722, and after finding the end of the adjustment, there will be another upward movement.
Last night, after dropping to 683, there was a stop behavior, so the community was notified to go short and then long. This morning, seeing that the upward momentum was not very strong, I decided to treat it as a short-term position.
Currently, BTC is likely preparing to run within a range of fluctuations, with two possible scenarios:
Red Route: Testing the 677-675 line without breaking it, narrowing the volatility, and then ending the adjustment with an upward breakout around Gann time on 2.15, starting the second upward phase. After the complete rebound that started from 60,000, BTC will continue to decline.
Blue Route: If BTC effectively breaks below the 677-675 line in the next few days, the pullback will be relatively deep, with 645 as a possible adjustment endpoint, and the subsequent second upward movement will also be limited.
Currently, BTC is still following the red route. Before breaking through or falling below the range this week, I will focus on a strategy of low long and high short for short-term operations, and consider making a heavy attack once there are signs of the adjustment ending. #何时抄底?
The rebound that started from 806 has ended at 979 and 912. The sugar orange is operating on a new 📉 and has fallen by more than 38% since then.
On February 6, the sugar orange tweeted again after closing at 60,000, indicating that what is currently happening is likely a sharp rebound, which corresponds to the red route shown in the diagram. Currently, the sugar orange has risen by 20% and continues to operate according to this script.
What will happen next with the sugar orange? A picture tells you:
Red Route: The 📈 of the sugar orange starting from 60,000 is a rebound against the drop from 979 to 60,000 and has not yet ended. The small level correction from 722 until now is about to end. After the correction ends, the sugar orange will have another wave of increase, and only after reaching the 📈 endpoint will it continue to 📉. Mid to early March is the possible endpoint of the entire 📉 from 979, at which point there will be a significant rebound, and many altcoins are expected to show trending behavior.
Blue Route: The sugar orange has recently strongly broken through the 825 line and stabilized above it. If it continues like this, the 📈 level may expand, potentially bringing the significant rebound from the red route forward.
Currently, it seems more likely to follow the red route, as the strength of the 📈 starting from 60,000 is insufficient to support the initiation of a trending 📈 situation, but we will keep the blue possibility for now. By next week at the latest, we may be able to rule out this possibility based on market conditions. $BTC #BTC何时反弹?
【Weekly Level】 Chart 1 1) Long-term view: The rise from 15443 to 126200 has ended, with the top at 126200, entering a long decline period, targets starting with 7 and 6 have both been completed ✅ 2) After three consecutive weeks of decline and last week forming a long lower shadow with volume, the next movement will be a consolidation rhythm, expected to last 1-2 months
【Daily Level】 Chart 2 1) The low point of 58900 has seen funds bottom-fishing, which will serve as the local low point for the time being, not to be discussed as a bear market low 2) The decline from 97900 for Bitcoin has ended, and a rebound is now being targeted, with resistance levels at 74300 and 78800 3) If the height of the rebound exceeds 77100, the rebound level will expand, with resistance levels at 85000 and 92700 The above daily views are expected to last at least 1-2 months, please mark on the chart‼️
【4-Hour Level】 Chart 3 Against the backdrop of daily fluctuations, both long and short can be traded in the 4-hour, with short-term resistance at 72000 and short-term support between 66400-66800--
On February 5th, it was mentioned that after ETH dropped to the illustrated range and formed a doji, there would be an oversold rebound. Subsequently, after ETH dropped to 1748, the rebound occurred as expected, with a maximum increase of 23%. Is the rebound over now?
As shown in the figure, the rebound that ETH is currently undergoing is likely not yet finished. Looking at the four-hour level, there are two possible trends for ETH moving forward. The difference between the red and blue routes lies in the strength of the rebound that started from 1748.
Red Route: Recently, ETH will experience a minor level pullback, and after reaching the adjustment endpoint, it will rise again to complete the entire oversold rebound, and will then continue to look for a bottom. If this path is followed, ETH will break below 1748 and fall at least until the end of February.
Blue Route: If the upward movement starting from 1748 can strengthen, then this upward level may expand. In this case, ETH may only undergo a retracement instead of a new decline by the end of February or early March.
In conclusion, whether it follows the red or blue route, the upward movement that started from 1748 is likely a correction of the previous decline rather than a new rise. A larger upward movement may have the earliest opportunity to begin around the end of February to early March according to Gann time. A more precise timing will be calculated after the ongoing oversold rebound concludes. Interested friends, please stay tuned. #何时抄底?
Let me share why I was able to short near 90000 for Ice Sugar Orange and successfully hold the short position while also successfully bottoming at 60000:
At the beginning of the decline from 98000, I still did not realize that the main downtrend was about to come. I had previously mentioned that the end of the rise at 80600 would be at the end of January, but the market was particularly weak, causing the high point to appear early on 1/15. When the first wave dropped to 86000, I realized that 98000 was indeed the end of the rise, and then it was time to find a rebound position to short heavily.
When the daily line showed a top signal on 1/28, I urged my friends in the group to start capturing the main downtrend, and I promptly advised to short. Subsequently, I also successfully caught the turning point, and my friends in the group kept asking whether to take profits, and I told them to hold on tight. In the end, the short position was held around 70000.
On 2/6, the market reached a key support level of 74000, and I also reminded my friends in the group to be cautious about an accelerated decline tonight, as an accelerated decline would mean bottom fishing in the spot market. On Friday night, the market accelerated down to 60000, and the next morning, I successfully bottomed out at 61000 in the spot market. Currently, there is a floating profit of 13 points.
Why was I able to hold on? 1️⃣ The Gann turning point has not yet arrived, indicating that we are still in the process of finding a bottom. 2️⃣ The entry position was good, and there were no significant market fluctuations in between; only positions were added, with no reduction or profit-taking. 3️⃣ The support level of 68000 that I have always mentioned has not been reached; I absolutely do not reduce positions or go long unless the key support is reached.
If you are interested in joining and keeping up, you can contact me.
In early February, it was mentioned that after the 745 level was reached, there would only be a minor rebound, followed by a continued decline. As of now, BTC has fallen more than 50% from its peak.
$BTC $ETH Is this time really over? Is it a rebound or a reversal? Is there still hope for the altcoin season that hasn't been mentioned for a long time this year? When will BTC ETH & the minor altcoin season arrive, and how to operate in February? A video tells you: #BTC何时反弹?
It's so strange, the duration of the 3 rounds of bull markets in the crypto circle is exactly the same, accurate to the day (the number of days from "the lowest price point" to "the highest price point").
• 2015/01/12 ~ 2017/12/11 = 1064 days • 2018/12/10 ~ 2021/11/08 = 1064 days • 2022/11/07 ~ 2025/10/06 = 1064 days
Searching for a sword by carving a boat, and the sword really is right here.
Rock candy oranges started firmly watching 📉 from the 90s to the 60s This wave of short positions was built from the 90s, exiting in the 70s In between, I chased countless short/long small fluctuations Is there anyone who saw the 60s earlier than me? How will the trend go next? How will it move? Stay tuned, I'll give you the answer #何时抄底?
1.14 I indicated that the rebound starting from 2624 for ETH has ended, and it has now entered a downward trend again. In just three weeks, ETH has dropped by 48%+
3400, 3045, and 2400 are a few persistent reminders that before mid-February, one should not consider bottom-fishing or stopping the decline. So, can we bottom-fish now?
Since ETH started to fall on January 14, there has been almost no significant signs of stopping the decline, which is rare in history. The possible trends are shown in the diagram:
Red Route: The weekly closing low for ETH this week will become a stage low, followed by a sharp rebound that may end in late February before continuing to decline to find a bottom.
Blue Route: The decline that began from 4956 for ETH has come to a halt, and the next movement is a rebound against the entire decline, which will last until mid-26 if it follows this path.
Whether it follows the red or blue route depends on the strength of the rebound after the stop this week. After confirming the rebound begins, I will analyze based on the overall structure of ETH and the strength of the rebound. Friends interested can give a follow #何时抄底? $ETH