Today, a student asked if Ethereum will go back, and I said it won't. Last week, I gave everyone two target levels around 2900: one at 3256 and the other at 3520. The day before yesterday, I mentioned that once the 3256 target level is reached, it should start to consolidate. It might fluctuate above or below, or it could consolidate around 3256, but ultimately, it will consolidate. At that time, some people said I was being ambiguous, but that's not the case. What you need to understand is that this is a transition from an uptrend to a correction, so don’t chase the highs. Don't panic during the pullback; a pullback presents an opportunity. Currently, it seems to be consolidating around 3256, so when it reaches around 3100, it will be an opportunity. Don’t panic.
From $BTC 3, there is no internal divergence until now, so 3 must be the end of the 2-3 rise, and the level of the decline from 3 to 4 is at least the same as the 2-3 rise, that is, there will be at least 15-20 30-minute K-line shocks before it ends. Be wary of the Shanzhai coin pin
$BTC Yesterday's significant rise in Bitcoin has led to some more favorable changes in the technical chart. First, the second wave of strong increases from September 23 to March 24 went through two phases, 1 and 2 being the peaks of the two phases. The third wave starting in October is still far from the appearance of phase 1, but looking at the performance of MACD, whether on the weekly chart or the subdivided daily chart, the strength of MACD has already surpassed level 1, meaning that the upward momentum starting in October is already greater than that of the increase from September 23 to January 24. Looking at the subdivided daily chart, the height of the columns even exceeds the strength seen in March this year at 73000. However, fundamentally, the double line has not yet surpassed level 2. We can only say that there is still great hope to exceed level 2 in the future. If it exceeds level 2, it means that the rise starting in October will break away from the consolidation range from March to September this year, just like launching a satellite that escapes Earth's gravity. You might wonder where it will go? Anyway, without external forces, it will not fall back to Earth and will be attracted by another planet's gravity. The same goes for Bitcoin; having escaped the consolidation range from March to September, it will not fall below 73000. In the future, it will at least need to first have a third half-year consolidation above before choosing a direction.
Currently, we are in the first segment of the third upward move, and this first segment has not yet ended. As I said, we will not short until the second red box on the daily chart appears.
$BTC Yesterday's short-term guess at the top failed, and a small position was stopped out, which indeed verified one point: do not short in a bull market. In fact, the point mentioned yesterday was indeed a turning point on the 4-hour chart; however, after the turning point, the consolidation moved downwards not downwards, but laterally or even upwards. The 1-2 completed this 'pullback', falling from around 82500 to 81500, and point 2 touched point 1, so the 1-2 is completed, which can also be considered the third type of buying point in the previous red box central area. It is normal to see a rise afterwards. If we are to follow yesterday's green classification, to bring point 82500 down to the strength of point 2, the 30M moving average must be brought into a bearish position; otherwise, if it cannot be brought into a bearish position, the guess at the top will be a failure, and one must run away, taking this as a lesson for the future.
Still, as mentioned in yesterday's article, do not think about shorting before the central area appears on the daily chart. Additionally, yesterday's rise brought some good signs in the context of a larger cycle bull market.
$BTC In order to verify what I said about the short-term adjustment of the big cake, and also to let myself feel what the second adjustment pattern looks like, I made a small order with a stop loss of 1000 points to see what color it will be in the end. If it is blue, it is the same as the previous adjustment and it is expanding upward. There is nothing to say. Stop loss should be stopped. If it is green, prepare to take profit at around 2000 points below; if it is yellow, look for an opportunity to close it actively. By the way, generally speaking, the shapes of two adjacent centers of the same level are usually not the same. Last time it expanded upward, and it cannot be repeated this time. The dealer has too few tricks.
$FET junk FET swept my profit stop loss in the early morning, and then pulled up again. I admit that I lost. Last night, the daily line at 1.5680 position actually diverged and was about to turn. I was a little stubborn and had to wait for it to make up for the rise. When it was inserted in the early morning, it was the first sub-level first section of the first section of the daily line's callback. At present, the first section of the daily line callback is still continuing. After this daily line callback ends, if it can still maintain above the 4-hour 250 moving average, that is, above 1.37, I am ready to favor it again. Now I am waiting for it to callback, haha
The previous analysis before $ETH indicated that the first target level was 3256, and yesterday the highest reached 3252.28, which can basically be considered as reaching the target level. After the price reaches the target level, it is likely to fall into a fluctuation, either breaking through the target level and fluctuating above it, or fluctuating below the target level, or it may oscillate around the target level. The red classification in the chart indicates consolidation after breaking through 3256, while the blue indicates fluctuation below 3256. Because the daily line has not yet completed, it is difficult to determine which scenario will occur; from the 4-hour chart, it appears to be forming a standard central area on the daily line. If it maintains above 3000 from tonight to tomorrow, it is highly likely to follow the red classification, which means breaking through to a new high again, followed by consolidation.
Bitcoin, next target 150k? In-depth article, pure technical analysis from large cycles to small levels
In the past few days, Bitcoin has been continuously refreshing its historical high points, and many friends outside the cryptocurrency circle can no longer hold back. Today, I will provide a relatively comprehensive analysis from a technical perspective. From a larger cycle analysis, Bitcoin is currently in the divergence segment of the weekly level rising trend, and this divergence segment has not yet completed. This rise started in December 2022, with the first segment of the rise from December 2022 to April 2023 (0-1), the second segment from September 2023 to March 2024 (2-3), and the third segment starting from early October 2024, which has not yet completed. In other words, this bull market has lasted nearly two years, and we are now in the late stage of the bull market. If the bull market is to continue, the strength of the rise starting in October must exceed the strength of the second segment of the rise, which is 2-3, from 25,000 to 73,000. It is actually quite difficult to surpass this. This is also the reason I said that the bull market of the past two years is currently in the late or final stage.
$FET is really garbage, I want to see if you will adjust the price, if not, I will accept it. I got off halfway through the ordination, missed the shib, if you don't adjust, then it's a pity for my affection towards you.
$FET entered the market near 1.4 as planned yesterday, with the first stop loss at 1.34. After completing a drop in 4 hours, it surged again, and subsequently reached a recent high as expected. However, the upward momentum was slightly insufficient. Overall, it followed the rise of mainstream coins rather than showing the strong upward trend of a phase recovery. For now, a break-even stop loss is set, and I am ready to close the position at any time.
$ORDI ORDI has broken through the upper boundary of the daily channel. Whether this is a valid breakout will depend on whether it can hold after a pullback; currently, the short-term trend is not over yet. The 30-minute MACD has clearly deviated from the divergence, and the 4-hour dual lines have also started to make new highs (whether it is a new high will depend on the 8 PM close). All of this indicates that the short-term rise is not over yet. It would be best if this variety can break through 42.42 in the next couple of days, and then adjust afterwards. If it can do so, the future target will be higher. If it cannot break through 42.42, there will be uncertainties after the adjustment. The future target is 42.4-48.2-52.8.
$ETH Yesterday's analysis mentioned that Ethereum has broken through the consolidation range of the past three months. As long as we believe that the bull market for cryptocurrencies is still on, there will be a significant demand for Ethereum to catch up, mainly because of the large decline in the earlier period. The future target remains at 3256-3520; however, the current rise has reached the 250-day moving average. On the 4-hour chart, there has been a slight acceleration today. There is still a need for adjustment here, but any pullback would still be a buying opportunity. If it can pull back to around 2900, it would be a good time to buy actively.
$BOME bome is the same as yesterday's analysis, it pulled back to the 4-hour moving average band, received support at the 4-hour moving average band, and then stabilized and rose. Currently, the upward trend has not ended, but the resistance above is still quite strong. The next three days' trends are quite important. If it can rise strongly, and the two spikes near 9200 can break through, there will be a lot of space ahead; otherwise, this area will form strong resistance in the near term.
$BTC pancake is currently in the central formation of the daily line, and it is in the third segment, ready to rise again at any time. However, looking at the current MACD situation and the position of the 4-hour moving averages, a strong rise would not be good. It is best to continue to maintain a slight consolidation above 76000 at a high position, close to the moving averages, with the MACD dual lines gradually approaching the 0 axis, so that the subsequent rising strength will be relatively strong.
$FET Today, pay attention to FET. Although the moving averages for this variety have not turned bullish, the upper boundary of the daily downtrend channel has been broken. After the breakout, it has maintained a consolidation for nearly two days, and currently, this consolidation is relatively healthy. The moving averages on the 4-hour chart are clearly arranged in a bullish manner, but the current upward movement today is not strong. It is necessary to consider whether there will be another pullback in the next 4 hours. If it goes below 1.4, it can be a good entry point, with a stop loss below 1.34.
$ORDI said in yesterday's analysis that this variety has not been strong recently. If Bitcoin falls back, it will definitely drop as well. However, if Bitcoin maintains a fluctuating upward trend, ORDI might catch up. If it catches up, it must stand above the 4-hour moving average band. Last night, after a pullback to 33.57, it quickly surged after touching the 4-hour 26 moving average. Currently, the moving average band is effectively in a bullish arrangement, so according to the trading system, it should be followed strictly. I have been outside and did not watch the market, missed the best buying point. Just now, while waiting for the traffic light, I made a small entry, aligning knowledge and action, let's see how it goes.
$1000PEPE PEPE The upward momentum of the last three days on the daily chart is also among the top in the mainstream. The MACD dual lines have already crossed above the zero line. As long as the MACD dual lines on the daily chart are above the zero line, there is no direct end to the upward trend; at the very least, it should consolidate above for ten days to half a month before choosing a direction. Therefore, recent pullbacks are still buying opportunities. The specific timing also depends on the position of the moving averages in the 4-hour chart's devil trading system; the K-line on the 4-hour chart is still quite far from the moving average, requiring a longer adjustment period before it is suitable to intervene.
$BOME BOME daily moving average bullish arrangement, recently there was a deep pullback, and now there is a rebound after being oversold, the price has returned to a bullish trend. The 4-hour chart also needs a period of adjustment, waiting for the moving averages and candlesticks to converge. After convergence, a second bullish position will be formed, and combined with the daily bullish trend, there will be another round of upward momentum in the future.