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People mourn 1011 and are wary of 1011 because they live in history; people at the time never imagined that 1011 would happen, also because they live in history.
People are always living in history.
But the outcome of a trade has never been determined by history or the future; it is determined only by stop-losses and take-profits.
$BTC is in a consolidation and rest period; wait patiently.
BTC+0.73%
Entering the desert—getting wild.
I’m heading out today with friends for a week of desert off-roading. We’ll probably enter the uninhabited desert area around the 28th, and there won’t be any signal then. I’ve taken profit on most of my current long positions, and have moved the remaining core positions’ stop-losses into profit protection.
A brief take on the market outlook: the main focus remains on $BTC . If it can continue rallying to around 90,000 after consolidating strongly here, strong altcoins should have another breakout wave.
Using 10% of the realized profits as a stop-loss cushion, I bought some $AVAX . Previously, I
BTC+0.73%
AVAX+6.72%
RWA+3.25%
ONDO+5.30%
  • 1
$DASH is consolidating nicely; watch for a three-wave move.
——For reference.
DASH+2.53%
  • 2
$BTC It’s time to play the game again.
Figure 1: In April 2019, it continued breaking out after a strong, brief pullback.
Figure 2: In February 2023, it continued breaking out after a weak, complex pullback.
Figure 3: Today, does it look strong or weak?
BTC+0.73%
A new week, a very important question worth considering.
Should we continue attacking this week or begin a period of defense?
I remember seeing quite a few people trying to long the second leg of $TRUMP last week based on expectations for Trump’s midterm elections, but they were probably all shaken out by the nearly 30-point range-bound false breakouts.
$TRUMP has now completed two false breakouts probing the top of the range and one wick-based liquidity sweep below the range. This is my personal favorite structure for entering a second leg…
If it can break above the middle yellow line next and form a higher low on the retest, this should be the second-leg entry with the highest probability of success.
—For refe
post-image
Can $FET regain its former glory?
FET+6.06%
The yellow line is EMA365, and the white line is MA365.
[Chart 1] After the bull market before last began, bitcoin:native encountered resistance and pulled back at the MA365 moving average and the second resistance level on April 23, 2019, but after a brief strong pullback (HH, HL), it immediately broke through in one move.
[Chart 2] After the previous bull market began, bitcoin:native encountered resistance and pulled back at the intersection of EMA365 and MA365 and the second resistance level on February 19, 2023. After retesting the first resistance zone and turning it into a support zone,
BTC+0.73%
$BTC is in a topping consolidation phase. I favor waiting for a pullback to enter long; if it continues to break out after strong sideways consolidation, enter with the trend and go long on the breakout.
——For reference.
post-image
BTC+0.73%
  • 1
Over the next one to two weeks, I will comprehensively short altcoins. All the profits earned will subsequently be used to open 【long-term long positions】 in $BTC and $MSTR .
As long as $BTC drops by 10% next, altcoins will completely collapse.
Altcoins need 【broad cycles + wide amplitude】 to form a consolidation base, and have now entered the bull market—bear market—【wide-range consolidation】 phase. This phase is the golden period for trading altcoins by 【going long at lows and short at highs】.
On August 1, I publicly positioned myself in some altcoins, which have now entered the middle-to-
post-image
BTC+0.73%
MSTR+1.94%