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The support and resistance levels for ETH and BTC were charted early on and basically matched expectations
I also called out buying the dip at 87K in the channel
ETH-0.16%
BTC+0.11%
For traders, the best blessing is smooth trading.
The daily chart has been moving sideways for a week, and volatility on smaller timeframes is also starting to contract. Place your bets, lads.
Is this a major bull market moving sideways instead of falling, or an accumulation of long positions as fuel? We’ll know soon.
I’ve placed my bet!
Trading is actually just four words: “Time it, ride momentum”
Read the trend → Wait for the timing → Enter the market → Hold with the trend
It’s not complicated at all—the hard part is that you want to make money from everything
#ETH went long at 2394; it should be back to 2500 by the time I wake up.
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Sometimes, when you can’t understand BTC’s movements, just look at MicroStrategy—it has fewer fake moves than BTC.
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MSTR+1.94%
Although ETH has formed two recent “door” patterns, its visible lows are rising
BTC has little to say—neutral oscillation within a narrow range
SOL, however, is clearly seeing volatility narrow
The Clarity Act vote on the 15th will produce results at 2:15 a.m. Beijing time on September 16
But the Federal Reserve interest rate meeting is on the 17th, followed by the Bank of Japan interest rate meeting on the 18th
The market is expected to see more back-and-forth wicks... It is recommended to stay flat; most people trading futures during this period will simply give their money away if they fail
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MSTR ran to 136.
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CLARITY bill vote on the 15th, Fed rate meeting on the 17th, and BOJ rate meeting on the 18th
MicroStrategy and BTC are both currently holding support and unable to fall further; went long on MSTR
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BTC+0.11%
#eth #btc Last night’s surge followed a classic pattern: it couldn’t break below the bottom of the same range.
BTC’s 15-minute channel moved upward, while ETH formed a triangle reversal at the end of a wedge, prompting a bunch of people to open long positions. A good setup is never meant to be profited from alone.
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#mu Believe in Trump! The stock market will rise!
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A major storage-related volatility move is coming. Do you think it’ll go up or down?
Wait for SK Hynix to open and look for an opportunity to go long.
Weekend review: Ethereum Classic’s price action saw an exchange-rate triangle breakout. The structural triangle channel fell to the lower end of the range before accelerating upward, with the 4-hour chart overall moving sideways within a range.
This breaks the old pattern of low-volatility weekend consolidation.
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Historically, whenever Sun Ge makes a move, the broader market goes down [smug dog]
What we feared happened within 12 hours.
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I just feel that Bitcoin may be about to outperform gold. This move is also a triangle breakout, followed by no deep pullback or consolidation, but a steady climb upward. The next resistance level is $74K.
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#eth #btc I had already charted this rally, with eth being the clearest example: a triangle reversal above support, followed by a 15-minute channel building momentum. The eth exchange rate also showed a textbook head-and-shoulders bottom, with the right shoulder rising within a channel. Unfortunately, I’ve been focusing all my energy on the storage sector lately.
It’s a shame—I got the direction right but failed to capitalize on it. I was still psychologically biased and didn’t think it through carefully. After bottoming and consolidating for over 60 days, volatility had narrowed to an extreme
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