🧠FLOW has been consolidating in this falling wedge pattern for over a year now. I expect heavy volume once it breaks out. Remember, we will wait for price confirmation to break above the wedge resistance line. Once FLOW breaks below the support level, the signal will be invalidated. ➡️Spot trades can use DCA with a stop loss below $1.5 targeting the September...
‼️Dumping is not far away from us. This is not alarmist, because it is the general trend. Before making a specific analysis, we need to first understand an event that we should pay attention to in the future:👇 On October 17, the SEC will review 5 BTC spot ETFs again. Regardless of the outcome, the market will experience wild swings, so use necessary risk...
🧠The first is the divergence of the RSI indicator, which shows that most investors are leaving the market at a profit. But we cannot open short positions based on this yet, because the uptrend is not over yet. But when we see the N-shaped uptrend broken, we are convinced here that the downside is coming, so we set up a short position✔️ ➡️Now we intend to lock in...
✔️We now have over 50% more profit locked in on a $600 move. And move SL to the position of 25806, and then wait, now we can get stable profits regardless of whether it rises or falls.💯 Hope to continue to the moon.🚀🌕
✔️On a move of $26, we have successfully locked in over 50% profit. And move SL to the position of 1633 and wait, no matter it goes up or down, we don't have to be afraid.💯 The accuracy of the RSI trading system combined with PA is very high. It has been verified again.💯 🍻Congratulations to the friends who followed Wolf king to print money.💰
🧠ENJ has been running in this model for 1 year, and finally started to rebound after breaking the low point in 2022. Now we are near the first resistance level, and RSI has also appeared in an oversold state. I think we should not be too anxious, and should retreat to re-accumulate strength when we encounter the first resistance level, because we have consumed too...
🧠By observing the chart, I discovered one of my favorite PA models, and the RSI trading system also gave a long signal. And the wedge support line is strong enough, and I still firmly believe that liquidity is needed as fuel before falling. HOLD👀
✔️Such a PA model also appeared in ETH, and the RSI trading system also gave a long signal at the same time. SL can be placed in 1622. If you don’t know this model, I will make a tutorial and publish it later. 💕Follow me to learn more trading tips💯
🧠To be honest, I really like crab legs like this. Because the three pillars will appear more solid. Although ETH has stepped out of the triangle model, I think it will fall more simply after accumulating short positions after rising again. 😂Sometimes I like a clean PA, hahaha, maybe it's a bit contradictory with the three crab legs, but whatever, just be happy.
🧠According to my trading system monitoring, a long signal is given. If the wedge support is successfully held, then the next trajectory may be like this. Hope to be able to complete TP4. Let's see👀
🧠While I expect BTC to hold the support line, there are too many bears. Through the data on the chain, we can see that a large number of BTC and ETH have poured into exchanges in recent days and are waiting to be sold, so we need to be extra cautious. Whether the $25,000 can be hold is also critical, if not, then there is likely to be a huge dump and sweep...
👀By observation we can see that FLM has been running in this mode for more than a year. This is a coin heavily manipulated by whales, which speaks to its high popularity. 🧠This time the RSI has appeared an unprecedented overbought state and broke through the wedge pattern, so I think the performance this time should be better. Do you choose A to go to the moon...
🧠In my opinion, if BTC fails to hold the wedge support line, and there is a huge dump, then it means that the correction phase is over. Note that we have to sweep the previous low to declare the end of the correction phase ☕️This is my interesting guess on the possible future trajectory of BTC. What do you think?
✔️As expected, we reacted well after touching the LL yellow support line and set up a successful trade here. Now that the first goal has been achieved, we will close some positions and move SL to breakeven☕️
🧠ETH's PA is clean and the model is clear. If we continue to operate in the adjustment range, then short-term gains are possible. Let's see👀
🧠With the start of the huge dumping on August 17th, BTC entered a 17-day correction phase, and since the dumping was huge enough, I don't think the correction phase will end anytime soon, so there is a high probability of another short-term rise 👀Do you think BTC will rise or fall? Please leave your opinion in the comment area