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Treat Cryptocurrency Trading Like a Job, and You'll Actually Make Money
When I first entered the space years ago, I was like most people: staying up late watching charts, chasing pumps and panic selling, getting liquidated, losing sleep, and feeling anxious. I experienced it all.
Later, I changed my approach. I did one thing: treat cryptocurrency trading like a job—clock in and out on time, execute according to plan.
The tips below are lessons I learned from real trading losses. New traders should definitely save these:
1. Only trade after 9 PM
During the day there's too much news and random v
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Hey U traders, listen up! If you ever get "invited for tea" by 👮 "uncle," don't panic. Basically, there are just these three hurdles to get through. Think it through ahead of time, and you'll have peace of mind:
The first hurdle is the opening warning: "Virtual currencies aren't protected by law, you know that?"
Don't get confused by this question. You need to break it down. "Not protected by law" doesn't mean you're breaking the law. It means your consensual transactions won't be interfered with; but if something goes wrong—like you get scammed—the cops can't help you recover your coins. So
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Ethereum's recent decline:
1. Quick overview of the core reasons
1. Deterioration of macro liquidity expectations( main cause): Trump's nomination of Kevin. Woor to be Federal Reserve Chair, his hawkish stance triggered concerns over rate hikes and liquidity tightening; combined with PPI exceeding expectations, the dollar strengthened, and funds flowed from high-volatility cryptocurrencies to safe assets like US Treasuries, directly suppressing ETH prices.
2. Chain reaction of high leverage liquidations( accelerant): Over $2.5 billion liquidated across the entire network on February 1-2, with
ETH0,15%
BTC0,43%
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BTC: $92,112 (+1.47%), dominance 59.34% (+0.68%), support at 90,000/84,000, resistance at 95,000/100,000.
ETH: $3,150 (+2.1%), holding above the 3150 psychological level, short-term resistance at 3170, support at 3090/3119 (Bollinger middle band).
Market characteristics: Leading coins are relatively strong, altcoins are diverging, sector rotation is evident. • BTC: Watch for short signals around $92,600, key resistance at $94,400; consider long positions on pullbacks to $88,400–89,300, with a stop below $88,000.
ETH: If it stabilizes on a pullback to $3090–3120, consider going long, targeting
BTC0,43%
ETH0,15%
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Bitcoin: Reached a high of $94,758, then fluctuated after intraday surge, currently at approximately $93,842, up 1.52% in 24 hours, hitting a three-week high.
Ethereum: Moving in tandem, currently at approximately $3,264, showing a high surge and fluctuation pattern in 24 hours.
Altcoins: Sui Crypto up 17.81% in 24 hours, Onyxcoin up 54.27%; Binance launched new spot trading after 40 days, signaling a market recovery.
Liquidations: Over 120,000 traders liquidated in the past 24 hours, market volatility risk still exists.
BTC0,43%
ETH0,15%
SUI0,5%
XCN-1,43%
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BTC Short-term
After breaking below the upward channel, it moved sideways without structure. The overall trend maintains a high-low point operation, with a bias towards long positions in the short term!
Watch the 90000-91000 range above; once reached, consider a short position with a target of 89000-88000.
Below, focus on the 85500-85000 range for long entries, with a stop loss at 84000, and targets of 88000-90000-93000!
BTC0,43%
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BTC is still operating within the 4-hour channel, but the three breakthroughs of 94500 have all been pulled back and ended. Currently, the price is above the middle line of the channel.
Tonight, due to the upcoming interest rate meeting, it’s best to focus on left-side trading.
Since there have been no breakthroughs on the upside after three attempts, 94500 can serve as resistance for re-entry. This wave of rise shows no signs of accumulation or turnover, so it’s mainly a shakeout and trap. The larger timeframe has not reversed, so the main strategy is to hold short positions for the long term
BTC0,43%
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Bitcoin has stabilized at the $90,000 level and has entered a phase of consolidation with decreasing volume. The key resistance is in the $93,000-$93,500 range; a decisive breakout will trigger an accelerated move. Ethereum is also rebounding in tandem, and you can take advantage of the early-week interest rate cut expectations to play for continued momentum. Pay close attention to pullback opportunities in the 3050-3080 support zone.
Key event to watch: December 10th Federal Reserve interest rate decision
Trading suggestion: Continue to hold long positions at 90,000; add more if it breaks abo
BTC0,43%
ETH0,15%
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