10-15 Short-Term Market Analysis
4-Hour Timeframe Analysis
Over the weekend, the market exhibited minimal fluctuations, with a 4-hour volatility of around 150 units (u). In other words, Bitcoin's recent price movements had a mere 150 units of range. Additionally, trading volume reached an extreme low. Given this market condition, it is advisable to reduce trading activities and patiently await the developments of the upcoming week.
Looking at the chart, the short-term scenario has entered a phase of range-bound oscillation. The level around 26,500 has been tested twice without breaking, and this area is characterized by a concentration of chips in the short term, which has provided a certain level of support. The strict stop-loss point for long positions is set at 26,500. On the upper side, the critical level is the previous minor support at 27,100. As observed in the chart, attempts to breach this level were met with resistance, resulting in retracements.
In summary, short-term trad
4-Hour Timeframe Analysis
Over the weekend, the market exhibited minimal fluctuations, with a 4-hour volatility of around 150 units (u). In other words, Bitcoin's recent price movements had a mere 150 units of range. Additionally, trading volume reached an extreme low. Given this market condition, it is advisable to reduce trading activities and patiently await the developments of the upcoming week.
Looking at the chart, the short-term scenario has entered a phase of range-bound oscillation. The level around 26,500 has been tested twice without breaking, and this area is characterized by a concentration of chips in the short term, which has provided a certain level of support. The strict stop-loss point for long positions is set at 26,500. On the upper side, the critical level is the previous minor support at 27,100. As observed in the chart, attempts to breach this level were met with resistance, resulting in retracements.
In summary, short-term trad
White 趋势交易
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Let's review the strategy from Sunday:
For long positions, the stop loss was set at 26,500, and we have already gained a significant profit.
As for short positions, our condition was to consider going short if 27,100 encountered resistance. Therefore, it appears that we have not entered any short positions.
Trading should be based on a logical approach, with strict execution and a caution against trading against the prevailing trend.
For long positions, the stop loss was set at 26,500, and we have already gained a significant profit.
As for short positions, our condition was to consider going short if 27,100 encountered resistance. Therefore, it appears that we have not entered any short positions.
Trading should be based on a logical approach, with strict execution and a caution against trading against the prevailing trend.
【TMGM Community】Daily Trading Strategy🚀
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The core of trend trading is to follow the trend. Today, the strategy was validated shortly after it was shared. The idea for long positions is to go long on a breakthrough above 28,600. We also suggested considering long positions if it falls to 26,500, and I believe some of our group members have maintained a bottom position. Substantial profits have been realized at this point. It's crucial to set profit-taking targets and be defensively prepared.
【TMGM Community】Daily Trading Strategy🚀
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Currently, after the breakthrough at 28,600, it has established a support-resistance swap. If the price is able to pull back to the vicinity of 28,600, it may be an opportunity to continue adding long positions.
The current market movement has been influenced by the news of the approval of the spot ETF.
The current market movement has been influenced by the news of the approval of the spot ETF.
Let's review tonight's market movement, which was triggered by recent news. Bitcoin saw a rapid ascent from 28,000 to touch 30,000 within a 10-minute span.
In such market scenarios, if you choose to short against the trend, you might open a position only to incur stop losses quickly. It's even riskier to keep adding to short positions continuously.
Why do we opt for trend trading? On one hand, significant profits are typically associated with prolonged trends, and it's challenging to gain substantial returns in oscillating markets. On the other hand, and perhaps most importantly, it's about risk control. Trend trading allows for clear entry and exit points, avoiding counter-trend trading and not stubbornly holding onto losing positions. Surviving in the market over the long term is paramount.
I encourage everyone to construct their own trading approach and rigorously adhere to it, achieving the unity of knowledge and action.
In such market scenarios, if you choose to short against the trend, you might open a position only to incur stop losses quickly. It's even riskier to keep adding to short positions continuously.
Why do we opt for trend trading? On one hand, significant profits are typically associated with prolonged trends, and it's challenging to gain substantial returns in oscillating markets. On the other hand, and perhaps most importantly, it's about risk control. Trend trading allows for clear entry and exit points, avoiding counter-trend trading and not stubbornly holding onto losing positions. Surviving in the market over the long term is paramount.
I encourage everyone to construct their own trading approach and rigorously adhere to it, achieving the unity of knowledge and action.
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#Altcoin TRB
Let's take a brief look at an altcoin today. TRB has surged from its low at 9 to a peak of 79, marking a 9-fold increase. It's worth noting that its circulating supply has been gradually released, and it's currently in a near-full circulation state.
For such altcoins, as previously mentioned, they are often controlled by a few major players who hold significant quantities of the asset. This concentration of holdings makes it very risky to short prematurely, and going long can also be challenging. Short-term trend trading allows us to disregard these external factors and engage in pure technical trading, following the trend.
Based on market capitalization and the level of current holdings, it appears that this coin has reached its zenith. Market interest has also been steadily declining. From a technical perspective, the upward spike from yesterday almost wiped out the bearish sentiment. The current formation resembles a triple top pattern. Although the price reached new highs yesterday, trading volume failed to keep pace.
Considering this, it might be advisable to set up medium to long-term short positions with a cautious position size. This approach involves giving time for the market to work in your favor. The target could be below 30, with a stop-loss above 67.
Let's take a brief look at an altcoin today. TRB has surged from its low at 9 to a peak of 79, marking a 9-fold increase. It's worth noting that its circulating supply has been gradually released, and it's currently in a near-full circulation state.
For such altcoins, as previously mentioned, they are often controlled by a few major players who hold significant quantities of the asset. This concentration of holdings makes it very risky to short prematurely, and going long can also be challenging. Short-term trend trading allows us to disregard these external factors and engage in pure technical trading, following the trend.
Based on market capitalization and the level of current holdings, it appears that this coin has reached its zenith. Market interest has also been steadily declining. From a technical perspective, the upward spike from yesterday almost wiped out the bearish sentiment. The current formation resembles a triple top pattern. Although the price reached new highs yesterday, trading volume failed to keep pace.
Considering this, it might be advisable to set up medium to long-term short positions with a cautious position size. This approach involves giving time for the market to work in your favor. The target could be below 30, with a stop-loss above 67.
10-18 Market Analysis
1. 4-hour analysis
Medium-term support
First, let's review yesterday's short-term strategy. Last night, we suggested that if the market stabilizes above 28100 for three 4-hour cycles, we consider the market to be strong and we should go long with the trend. Today, the market reached a high of 29000, so going long also yielded significant profits.
Although it briefly surged to 29000, it then continued to fall back into a range-bound period. Yesterday, we mentioned that in order to fully confirm the upward trend, it still needs to stay above the box range, specifically above 28600.
Currently, the overall trend is upward, but it has not yet been able to stay above 28600. The upward trend is not strong enough, and it can be understood as a high-level oscillation on a smaller scale.
2. Short-term strategy
The overall strategy remains the same as yesterday, with no conditions for shorting at the moment. For going long, we still have two options:
Option 1: After a valid breakthrough above 28600, confirming the upward trend, we can go long with the trend. Due to recent increased volatility, the stop loss can be set a bit further, at least below 28000. Also, pay attention to position control.
Option 2: Continue to identify key levels, specifically the starting point of the rise at 27700. If the market doesn't fall below 27700 in a pullback, we can still consider going long. However, if it effectively drops below 27700, then it's time to stop loss. (781/4096)
1. 4-hour analysis
Medium-term support
First, let's review yesterday's short-term strategy. Last night, we suggested that if the market stabilizes above 28100 for three 4-hour cycles, we consider the market to be strong and we should go long with the trend. Today, the market reached a high of 29000, so going long also yielded significant profits.
Although it briefly surged to 29000, it then continued to fall back into a range-bound period. Yesterday, we mentioned that in order to fully confirm the upward trend, it still needs to stay above the box range, specifically above 28600.
Currently, the overall trend is upward, but it has not yet been able to stay above 28600. The upward trend is not strong enough, and it can be understood as a high-level oscillation on a smaller scale.
2. Short-term strategy
The overall strategy remains the same as yesterday, with no conditions for shorting at the moment. For going long, we still have two options:
Option 1: After a valid breakthrough above 28600, confirming the upward trend, we can go long with the trend. Due to recent increased volatility, the stop loss can be set a bit further, at least below 28000. Also, pay attention to position control.
Option 2: Continue to identify key levels, specifically the starting point of the rise at 27700. If the market doesn't fall below 27700 in a pullback, we can still consider going long. However, if it effectively drops below 27700, then it's time to stop loss. (781/4096)
1. Weekly Chart Analysis
Let's examine the current trend from a weekly perspective. The price has currently broken through the dense consolidation level at 28,600. We've consistently emphasized that a break above 28,600 must be followed by a long position. Substantial profits have been secured at this point.
The current price level faces resistance primarily from the overhanging positions between 30,000 and 31,000. Despite the rapid rise this week, it is challenging to absorb the profit-taking pressure on the downside. Hence, even in a bullish scenario, this position appears to be following a pattern of consolidation before further development, facilitated by an adequate exchange of chips.
2. 4-Hour Chart Analysis
From a 4-hour perspective, the trend has weakened somewhat, possibly due to weekend factors. As previously mentioned, when the price approaches 30,000, even with a confirmed uptrend, chasing the rally immediately is not advisable. One reason is the overhanging positions above, and the other is that the high-level chips have not experienced sufficient turnover.
The earlier suggestion was that if you want to go long, you must ensure a firm stance above 30,000. Currently, there haven't been three consecutive 4-hour periods where 30,000 has been firmly held. Therefore, it's advisable for the bulls to maintain a wait-and-see approach for now.
Pay attention to the resistance at the top of the 28,600 consolidation and the levels at 30,500 and 30,700 on the upside.
3. Short-Term Strategy
We continue to adhere to trend trading. The risk-reward ratio for long positions isn't very favorable at the moment. Two scenarios for going long are as follows:
1. If there is a substantial pullback without breaking below 28,600 and it stabilizes and rebounds, consider entering a long position.
2. If it can firmly hold above 30,000 for at least three consecutive 4-hour periods, consider a short-term long position. Place a stop-loss if it effectively drops below 30,000, while also keeping an eye on the resistance levels at 30,500 and 30,700 on the upside.
Let's examine the current trend from a weekly perspective. The price has currently broken through the dense consolidation level at 28,600. We've consistently emphasized that a break above 28,600 must be followed by a long position. Substantial profits have been secured at this point.
The current price level faces resistance primarily from the overhanging positions between 30,000 and 31,000. Despite the rapid rise this week, it is challenging to absorb the profit-taking pressure on the downside. Hence, even in a bullish scenario, this position appears to be following a pattern of consolidation before further development, facilitated by an adequate exchange of chips.
2. 4-Hour Chart Analysis
From a 4-hour perspective, the trend has weakened somewhat, possibly due to weekend factors. As previously mentioned, when the price approaches 30,000, even with a confirmed uptrend, chasing the rally immediately is not advisable. One reason is the overhanging positions above, and the other is that the high-level chips have not experienced sufficient turnover.
The earlier suggestion was that if you want to go long, you must ensure a firm stance above 30,000. Currently, there haven't been three consecutive 4-hour periods where 30,000 has been firmly held. Therefore, it's advisable for the bulls to maintain a wait-and-see approach for now.
Pay attention to the resistance at the top of the 28,600 consolidation and the levels at 30,500 and 30,700 on the upside.
3. Short-Term Strategy
We continue to adhere to trend trading. The risk-reward ratio for long positions isn't very favorable at the moment. Two scenarios for going long are as follows:
1. If there is a substantial pullback without breaking below 28,600 and it stabilizes and rebounds, consider entering a long position.
2. If it can firmly hold above 30,000 for at least three consecutive 4-hour periods, consider a short-term long position. Place a stop-loss if it effectively drops below 30,000, while also keeping an eye on the resistance levels at 30,500 and 30,700 on the upside.
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Currently, the price of BTC has reached the central resistance platform. As we previously discussed in the public channel, the strategy for going long was to hold steady above the $30,000 mark and follow the trend. Some profits have been achieved, but due to the resistance at this platform, it's becoming more challenging for the price to move higher in the short term.
The overall trend is still upward, but the slope is quite steep, indicating that the market's health is not at its best. There hasn't been sufficient exchange of chips, and chasing long positions with the current risk is high. Instead, we can opt for a cautious long approach, looking to enter when the price retraces to the 29,800-30,000 range and stabilizes.
The overall trend is still upward, but the slope is quite steep, indicating that the market's health is not at its best. There hasn't been sufficient exchange of chips, and chasing long positions with the current risk is high. Instead, we can opt for a cautious long approach, looking to enter when the price retraces to the 29,800-30,000 range and stabilizes.
#BTC
Long position around 33,500 after stabilization.
Set an effective stop loss at 33,000 in case of a significant drop.
Targets: 35,000 - 36,500 - 38,000.
Long position around 33,500 after stabilization.
Set an effective stop loss at 33,000 in case of a significant drop.
Targets: 35,000 - 36,500 - 38,000.
On the weekly timeframe, we have transitioned from oscillation to an upward trend.
We previously mentioned two critical levels: one at the top of the medium-term oscillation range, 28,600. A breakthrough here is a long opportunity. The other is stabilizing at 30,000, which presents significant profit potential.
In trend trading, we follow the trend. Positions can be considered for long trades above 34,000. If we can break and stabilize above 35,000, the next resistance level is near 38,000."
We previously mentioned two critical levels: one at the top of the medium-term oscillation range, 28,600. A breakthrough here is a long opportunity. The other is stabilizing at 30,000, which presents significant profit potential.
In trend trading, we follow the trend. Positions can be considered for long trades above 34,000. If we can break and stabilize above 35,000, the next resistance level is near 38,000."
#MINA
Short at around 0.66
Stop loss at 0.70
Targets: 0.6, 0.55, 0.5
Highly volatile altcoin, do not exceed 3X leverage, and pay attention to position control.
Short at around 0.66
Stop loss at 0.70
Targets: 0.6, 0.55, 0.5
Highly volatile altcoin, do not exceed 3X leverage, and pay attention to position control.
Our current strategy for the market is to prevent the risk of chasing high prices, so we are buying low near 33300, with a close stop loss and high cost-effectiveness.
For MINA tonight, we observe its hourly trend and it has already entered a downward trend. In the case of Bitcoin's oscillation, the probability of further decline is higher. The altcoin has a high volatility, so position control is essential. Please use a small position and strictly stop loss.
Let's talk about some techniques for trading. If we make a certain profit on an order, such as more than 1-1.5%, then we need to set a stop loss for the opening price. This principle is not to turn profitable orders into losing ones.
In addition, position control, we need to consider a loss ratio that we can bear for each order, such as 2%. Then the capital that we can lose when the position reaches the stop loss point should be the proportion that we can bear. This is position control.
The most important thing is risk control, strict stop loss, not against the trend, not against orders. This is also our consistent trend trading.
For MINA tonight, we observe its hourly trend and it has already entered a downward trend. In the case of Bitcoin's oscillation, the probability of further decline is higher. The altcoin has a high volatility, so position control is essential. Please use a small position and strictly stop loss.
Let's talk about some techniques for trading. If we make a certain profit on an order, such as more than 1-1.5%, then we need to set a stop loss for the opening price. This principle is not to turn profitable orders into losing ones.
In addition, position control, we need to consider a loss ratio that we can bear for each order, such as 2%. Then the capital that we can lose when the position reaches the stop loss point should be the proportion that we can bear. This is position control.
The most important thing is risk control, strict stop loss, not against the trend, not against orders. This is also our consistent trend trading.
【TMGM Community】Daily Trading Strategy🚀 pinned «#MINA Short at around 0.66 Stop loss at 0.70 Targets: 0.6, 0.55, 0.5 Highly volatile altcoin, do not exceed 3X leverage, and pay attention to position control.»
【TMGM Community】Daily Trading Strategy🚀
#MINA Short at around 0.66 Stop loss at 0.70 Targets: 0.6, 0.55, 0.5 Highly volatile altcoin, do not exceed 3X leverage, and pay attention to position control.
With some profits already secured, consider moving the stop-loss to a level near the entry price. It's essential to protect profitable trades from turning into losses. If your position size is substantial, you may also consider reducing a portion of your position to manage risk more effectively.
Regarding the long strategy on BTC between 33,500 and 34,000 from yesterday, you may consider reducing your position by 30% if you have entered this trade. Additionally, moving the stop-loss to a level near the entry price is a prudent risk management practice. This will help protect your gains and minimize potential losses.
#MINA
Short position near 0.67.
Set a stop loss at 0.70.
Targets: 0.60, 0.55, 0.50.
This is a high volatility altcoin; don't leverage more than 3X, and be mindful of position sizing.
Last night's rebound hit the breakeven stop loss. Currently, it's still in a downtrend, showing weakness.
Short position near 0.67.
Set a stop loss at 0.70.
Targets: 0.60, 0.55, 0.50.
This is a high volatility altcoin; don't leverage more than 3X, and be mindful of position sizing.
Last night's rebound hit the breakeven stop loss. Currently, it's still in a downtrend, showing weakness.