10.19 Monday Silk Road Recap (Repost)
Yesterday’s price action was fairly easy to read. Analysis of the higher time frame clearly pointed to a bullish trap, and short positions had an inherent advantage—what reason was there not to take the trade?
Strategy results, current market analysis, and trading recommendations:
Strategy recap:
BTC$BTC Short entered at 825–832; first target at 818 achieved
ETH$ETH Short entered at 2440–2460; third target near 2380 achieved
ZEC$ZEC Short entered at 1170–1190; second target at 1100 achieved
Missed setup:
The long setup did not materialize. The original

The high has already reached 45, and the successful dip buy has banked over 30 points!
There’s still room to move higher; then consider going short.
$XAUT ‌

Last night, I said I’d see if I could wake up and keep picking up money at this price level. Then I woke up to another day of picking up money. Watch more, learn more, and learn even more~

Why is she so incredibly popular in Korea?

**$XRP /USDT Perp – "Failed Breakout – Short"**
Trading Plan Short $XRP
Entry: 1.3080
SL: 1.3089
TP1: 1.2858
TP2: 1.2829
XRP is down -0.51% and rejected below the 1.3089 level after the 1.3211 high. MACD is cooling; targeting the 1.2858 low.

Strategy continues expanding its Bitcoin treasury while aggressively supporting its preferred stock.
📊 Bitcoin treasury update:
Purchased 267 $BTC for $22.1M between October 12–18.
Average purchase price: $82,900 per BTC.
Total holdings: 848,517 BTC, acquired for $64.02B.
Average cost basis: $75,446 per BTC.
💰 STRC buyback expansion:
Repurchased nearly 1.94M STRC shares for $193.1M.
Increased the authorized buyback program from $2B to $3B.
Approximately $1.16B remains available under the program.

$BTC
South Korea's biggest IPO of the year
Retail investors scramble for shares, oversubscribed 400-fold
but plunged 33% on its first day of trading
Now even AI IPOs are starting to fleece people chasing highs
Holy shit
guys
this damn plot
is even more intense than crypto token launches
Korean AI infrastructure company Elice debuted on South Korea's KOSDAQ market today
Its share price fell as low as 61,000 won intraday on its first day of trading
compared with the IPO price of 90,500 won
a maximum drop of about 33%
You know what's the most painful part?
It's not like nobody wanted this compan

That @Kinetiq_xyz hat is my favorite merch during this Asia Trip

Take profit on BTC, bank 1,000 points and get out; we'll trade again tonight

$ETH
BitMine bought another 12,535 ETH
It already holds nearly 5% of all Ethereum
Where will ETH go from here?
One post explains it all
Holy crap
Guys
While the market is still debating when ETH will rebound
One company keeps fucking hauling more into its warehouse
BitMine bought another 12,535 ETH last week
Bringing its total holdings to 6,041,481 ETH
About 4.9% of ETH's total supply
Worth about $14.3 billion
Founder Tom Lee once talked about a 5% alchemy
It's now just 64,000 ETH away from fucking achieving it
This guy really is impressive
They treat ETH as a core company asset
And the ETH t

Heard it was done by people from Fujian, who made a fortune stealing blockchain wallets on Apple systems.

Market conditions vary! Position sizes vary! Anyone who follows Qingyao is a die-hard fan! Everyone is treated equally! Welcome to all our new friends!

Recent volatility has been limited and directionless, as major news amid uncertainty is imminent. The Fed's rate decision will be announced at 2:00 a.m. on October 29. If rates are raised, the market will face further downside pressure.
So, the market is likely to remain range-bound through the end of the month, with no overly dramatic moves. But since the prevailing trend is bearish, shorting on rebounds remains the main strategy. Today's rebound to 82500-83200 still presents an entry opportunity.

#Gate30日净流入全球第二
XRP: My 1.447 short is deeply in profit at the current price of 1.3016; 1.305 sets the direction
Market: On the 4H chart, price pulled back from 1.447/1.3868 to test 1.2562, then rebounded, and is now at 1.3016 (-0.67%). EMA7 (1.3015) is right at price, EMA20 (1.305) is capping it, and EMA60 (1.3411) is trending down. After falling from 1.3868 to 1.2562, the rebound is weak; the bias remains bearish until price gets above 1.305.
P&L: 1.447-1.3016=0.1454, with the large floating profit holding.
Key levels: Support 1.2865/1.2562, resistance 1.305/1.322/1.3411
Scenario: Rejection

**$SKHYNIX /USDT Perp – "Heavy Breakdown – Short"**
Trading Plan Short $SKHYNIX
Entry: 930.00
SL: 942.42
TP1: 898.06
TP2: 889.18
SKHYNIX is down -2.81% and in a downtrend from the 986.78 high. MACD is deeply negative; targeting the 898.06 low.

**$QQQ /USDT Perp – "Breakdown Below Support – Short"**
Trading Plan Short $QQQ
Entry: 720.00
SL: 723.66
TP1: 716.10
TP2: 715.15
QQQ is down -0.26% and rejected below the 723.66 level after the 725.56 high. MACD is negative; targeting the 716.10 low.
#ShareWeekly

$ENA uses cycle resonance to find opportunities; the levels and exit lines are all here
When I look at $ENA ’s chart again, I first set aside the 24-hour +0.69%. It’s not that this number doesn’t matter, but it’s too easy to let it grab your attention. What really needs explaining right now is that $ENA ’s 1-hour chart moved first, while the 4-hour chart hasn’t confirmed it yet. I treat the shorter timeframe as a signal to pay attention, not as a conclusion; if the larger timeframe doesn’t follow, the direction can still swing back and forth.
My view is that I’d rather see this as a direction