It’s been a day—I've been waiting a day too. No one’s come to ask even one question about how to operate, and everyone just thinks they’ve got something.


Alright, below, I’ll lay it out—use it as reference, you guys!
The original words are as follows
“About this range for the cake, open a large long position at the lower end aiming for the upper end. After taking profit, don’t short; leave one position to catch 65500. If you can’t resist and just have to short, go short ETH. There’s no specific short entry level; you can only benchmark when the BTC cake reaches the upper edge of its trading box—short ETH at 65500 or 64000, but I won’t short.”
Correction: no more than five words.
Because BTC is a long bias, so we opened a large long position. But on the ETH four-hour timeframe, it’s bearish. I don’t know whether in this market BTC follows ETH or ETH follows BTC. I’m afraid ETH follows BTC, so since ETH is bearish I’m not shorting. Then why analyze ETH too? Because someone with itchy hands is doing short-term trades—once it’s pumped, seeing BTC pumping hard, they go short BTC. Compared to forcing a short, the only choice is to short ETH.
So if anyone shorts ETH, the credit is yours—I won’t take any of it. But I can give you take-profit and stop-loss: for take-profit, the four-hour bearish view wants a return below 1650. Add one more at 1880. On a small pullback, you can still get out even. Stop-loss at 1895. Put both your take-profit and stop-loss orders up, because I don’t have this trade in my hands—if I think of it later, I can mention it a few times; if I don’t, then just follow this.
Then I’ll talk about my own positions:
After closing out the BTC long with the large position, I have—and have only—one long position around 62500. The target remains unchanged at 65500; it’s placed and I’ll just sleep on it.
Finally, I think someone is waiting to see whether 65500 will be shorted or not. I’m leaning toward shorting ETH at that level, adding one more at 18800—I haven’t decided yet. I’ll notify you when I do. If I don’t notify, I won’t place any new trades. When it reaches 65500, I’ll close the long and exit, and wait for my notice.
That’s it. The text is a bit long, but it’s absolutely not messy. If you still can’t understand it, read it again.
ETH-2.74%
BTC-1.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
XiaoWenwen
· 07-10 13:46
The explanation of the thought process is very clear.
View OriginalReply0
Xi'anUniversityOfTechnology
· 07-10 13:27
Very clear—you can understand it at a glance.
View OriginalReply0
  • Pinned