Weekly Summary for August 3–9
It is time for our weekly review again. When I previously reviewed the market for everyone in the livestream, many people said that reviews were not very useful. What I want to say is that a review may often be hindsight, but only through continuous review and reflection can we gain a deeper understanding of market movements. When the same market conditions and the same script arrive next time, we can steadily take profits and exit with a full haul!
Overall, this week saw an upward trend, with the market moving higher. It rose from a low of 62268 to a high of 65358. However, compared with last week, the range was relatively subdued, and the intraday market generally moved in a choppy pattern. ETH rose from 1827 to a high of 1943 before coming under pressure. We placed 13 trades this week, all of which were successful, capturing 7281 points of room!
On Monday, we went short first and then long. The double-top pattern from last weekend was clearly visible, indicating that a pullback would inevitably follow, but the 62000 level below was extremely solid, so we planned to go short first and then long.
First BTC short: entered at 63510, exited at 62816, capturing 694 points
Second BTC long: entered at 62727, took profit at 63900, capturing 1173 points
On Tuesday, we continued with the long strategy and placed several short-term long trades. Although the movement was slow, the trend was clear. As I said during the livestream, when the range is relatively subdued, short-term setups generate profits much faster and in greater amounts than medium- and long-term setups!
First BTC long: entered at 63426, exited at 64087, capturing 661 points
Second BTC long: entered at 63533, exited at 64325, capturing 792 points
Third ETH long: entered at 1856, exited at 1880, capturing 24 points
Starting Wednesday, the daily chart returned to the middle-band area. I had already clearly explained the strategy to everyone: the market returning to the middle band indicates that it failed to break out of the range-bound structure. Therefore, as long as the middle band stabilizes, a return to the upper band is bound to occur!
First BTC long: entered at 64181, took profit at 65000, capturing 819 points
Second ETH long: entered at 1871, exited at 1911, capturing 40 points
Third BTC long: entered at 64012, took profit at 64900, capturing 888 points
Thursday and Friday were essentially a continuation of Wednesday’s strategy, so I will discuss them together. In fact, the intraday room for profit was not large. Since my students had entered trades, I kept monitoring the market and ended up waiting for several good entry opportunities. In addition, regarding Friday night’s nonfarm payrolls data, I did not make a prediction about the data, but I did provide a long setup based on technical analysis during the livestream. Before the nonfarm payrolls data was even released that night, the market rose directly to the take-profit level given during the livestream. When the market gives us an opportunity, we just take it!
First BTC long: entered at 64479, exited at 64926, capturing 447 points
Second ETH long: entered at 1896, exited at 1917, capturing 21 points
Third BTC long: entered at 64220, took profit at 64900, capturing 680 points
Fourth BTC long: entered at 64215, exited at 65220, capturing 1005 points
Fifth ETH long: entered at 1899, exited at 1936, capturing 37 points
The above covers all the setups provided this week. These records only cover trades taken by students with large positions; small-position trades are not included for now!
The previous post already provided the subsequent technical analysis, so I will not repeat it here. If you are interested, you can click on my profile and take a look! #MoonshotAIPreIPOs开启 $BTC $ETH