timchang0922

timchang0922

# ETH is in a similar situation, but the contraction of bullish momentum is more pronounced compared to BTC. It leans more towards the second scenario. However, due to the issue of risk-reward ratio, if I were to take a short position for a short-term trade, I would focus on BTC as it offers a more favorable risk-reward ratio.

timchang0922

1. Go long directly after breaking the previous high again, targeting Fibonacci -0.272. 2. If it falls below the current consolidation (yellow range), take a short position for a short-term trade, targeting Fibonacci 0.382, then switch to long.

timchang0922

The situation is similar to BTC. Please refer to the key levels on the chart for reference.

timchang0922

The current situation in the chip conversion zone: Short-term confirmation of support reversal with a secondary confirmation, for short positions entered within the consolidation range, it is advisable to take profit. If the daily chart breaks below, it is recommended to continue holding the short position (with well-defined stop-loss set).

timchang0922 Updated 

Most altcoins indeed suffered significant drops of over 10% yesterday. However, judging from the overall market trading volume, it doesn't indicate a major trending wave. Therefore, it is possible that there might be a temporary pause or consolidation before another downward movement.

timchang0922 Updated 

Similar to BTC, we have a converging triangle pattern indicating an imminent breakout. Personally, I believe there is a high probability of an upward breakout.

timchang0922 Updated 

From the chart, we can see that the short-term has been converging for the past two days. There might be a directional move tonight, with an upward breakout suggesting a long position and a downward breakout suggesting a short position. Keep an eye on the group signals.

timchang0922 Updated 

#BTC Long position opportunity Entry: 26,600.2 Profit: 27,960.0 Loss: 26,100.0 Risk-Reward Ratio: 2.7

timchang0922 Updated 

#ETH Long position opportunity Entry: 1,847.00 Profit: 1,925.00 Loss: 1,830.00 Risk-Reward Ratio: 4.6

timchang0922 Updated 

The yellow zone represents the current resistance level encountered. #BTC Long Position Order Entry: 27450.0 Profit: 27974.6 Loss: 26925.4 Profit/Loss Ratio: 1 #BTC Short Position Order (Contrarian trading) Entry: 27216.9 Profit: 26605.3 (Falling to the Fibonacci retracement level of 0.382) Loss: 27450.0 Profit/Loss Ratio: 2.6

timchang0922

CRVBTC might break out as soon as possible! You can see big rising triangle on the chart. Don’t miss it!!!

timchang0922

You can see a big falling wedge at 4H chart. It seems it may go home right away. Using Fibo to set up the point to take profit at 2.237. There will be 20% up to take. Don’t miss it!