Sunday market data analysis and expectations for next week
1. The Bitcoin weekly chart shows a dead cross. Pay attention to the area around 115200; if it breaks down and cannot rebound, we will see increased volume looking down at the support level of 114500. If it breaks below, we will look down to 113300. If it rebounds and cannot hold above 114500, add to the short position looking down at around 111700 where a major bearish head and shoulders pattern will form if it breaks. As for a bullish outlook, watch for a stable position around 116200; if it holds, look up to 118100 to continue entering short positions. If next week sees sustained volume and liquidity returns, temporarily take profit on short positions and prepare to enter short again around 120000. The bearish outlook remains unchanged; what changes is that short-term volatility can be deceptive.
Ether: Daily death cross, bearish structure, and no trading volume, main force is offloading. Next week, focus on the 4410 area, if it breaks down and can't come back up, directly look at around 4210. To the upside, still pay attention to the 4550 resistance area; if it can't hold, continue to go down. Don't be misled by the temptation of a rebound thinking it's a reversal; it's just a rebound. When will it reverse? The 4550 must be broken and held, and there must be trading volume for it to count. Next week, continue to short; if trading volume and liquidity return, we won't acknowledge defeat and will take profits on short positions. Follow and go long. If the main force is back, we won't act against the trend; the current trend is still bearish without volume, so boldly short.
SOL: Currently, the clear signal indicating that the actors have topped out is that it is not declining. According to the market data, the doomsday vehicle can still hold on for a few days; pay attention to the area around 242, where it should still oscillate in this range. As long as it does not fall below 232, large positions should not be shorted, as there is still a chance for an upward rebound. Next week, as long as it does not break through 242, the probability of ending next week is high. Just keep an eye on these two positions. There is not much room for upward movement; at most, it might just be a spike, but the spike could be very long, and the main force can be very malicious, pulling you in as it faces its demise. Make sure to trade with light positions and set stop-losses. Going long is easy to be stuck in a position. Shorting without stop-losses can lead to being directly liquidated in the last wave of a price surge.
2 Overall interpretation of this week's market data: liquidity is exhausted, all levels are bearish, try to short on rebounds and take low long positions with stop losses. It shouldn't drop directly, the probability of a rebound is high, but there is no trading volume and no one is taking over, so the market data is quite awkward, and it's almost impossible to surge upwards. Overall judgment indicates either a consolidation or a downward trend. A surge is unlikely.
3 Next week's trend prediction: Slight rebound, rapid decline. High probability near 1145. The deepest around 113300.
4-day trading suggestion: Focus on swing trading with a 10-point stop loss for Ethereum, no significant fluctuations expected. 130,000 liquidation is safe, Ethereum above 5,500 is safe, and SOL above 250 is safe.
5 major trend judgments: next week will close with a bearish candle, this month still has a chance to close bearish, which means this month will rise first and then fall.
Still maintain the old judgment to look for a rebound high position to short next week, aiming for the end of October. The last round of the rise is almost over! Do not get trapped by chasing longs. Without favorable news, the position may take three months to break even.
Large scale long and short entry points (as long as the previous lows or previous highs in the opposite direction are not broken, there will be no changes)
Weak mid-level market data monitoring, strong extreme point limit orders (Bitcoin stop loss 800 points, Ethereum 25 points, SOL 1.5)
SOL weak resistance at 241, medium at 242.9, strong at 247.8
SOL support weak 236.23 medium 232.16 strong 225.55
ETH resistance weak 4525 medium 4550 strong 4620 extreme 4700
ETH support weak at 4435, near 4410, strong at 4370, limit at 4160.
BTC weak resistance 116300 medium 117100 strong 118100 extreme 120000
BTC support weak at 115400, medium at 114500, strong at 113300; if it falls below, it turns weak, limit at 109500.
Rules! Please strictly follow the plan for margin trading until the end of the year!
1 Only take with stop loss! 2. Live calls for short and long can operate on three currencies simultaneously! Profit after reducing positions! Take stop loss at high points!
3 So people open two-way positions! If they open a short position, they reduce the long position that was synced at the bottom. Holding both long and short! In the live broadcast room, the position is reduced by 500 points for Bitcoin and by 20 for Ethereum, and by 1 for SOL.
Remaining positions should use a needle-point stop loss. Small profits are taken, but not large ones; if the trend continues, additional positions will be arranged for rollover!
4 Every point on the screen can be operated on daily, but pay attention to the market data strength. When it's strong, enter and exit quickly; don't enter if it breaks through directly! When it's weak, try to hold on.
You can not make a profit, but you cannot lose!
Old Wang's trading logic
The difference between trading experts and ordinary traders:
95% of ordinary traders rely on their brains to trade.
5% of experts - mindlessly trading according to the system
Ordinary traders - spend 90% of their time trading
Expert – 90% of the time waiting for signals
What truly creates the gap is not technology, but the attitude.
The execution of rules, experts set good rules, and compete.
Went to execute.
The end of trading is the system, the end of the system is
Execution, the end of execution is waiting, waiting is the end.
The head is the signal, the end of the signal is the system, continuously.
Repeat this process