Cryptocurrency News
October 14 Hot Topics:
1. Analyst: Up to $1.3 billion in Ethereum from the PlusToken Ponzi scheme is about to enter exchanges.
2. Data: Tokens such as ARB, AXS, and EIGEN are set to unlock next week, with ARB unlocking worth approximately $49.4 million.
3. Base protocol head: The number of searchable assets in Coinbase Wallet has doubled this week, reaching about 1.37 million.
4. Ava Labs co-founder: Avalanche will focus on vertical scaling next.
5. Elon Musk: Plans to establish a self-sustaining city on Mars in the future.
Trading Insights
Selling in the cryptocurrency space is the hardest part; it's not the method itself that's difficult, but the reluctance to let go of profits and the greed for a little more. However, those who haven't experienced the entire cycle of bull and bear markets wouldn't understand. For instance, in a bull market, if your assets reach tens of millions and then drop to 7 million after a night's sleep, would you sell? Newcomers definitely wouldn't sell, feeling they've lost 3 million. Those who have lost money before would certainly sell, feeling they've made that 7 million, and that 3 million is just what the fortune god took back—consider it an offering to him. Many people join groups, and when the group is lively, they start selling; this indicator for selling is definitely accurate. When most people are excited about making money, that's when you should consider exiting. But don't rely on this indicator to buy the dip; the emotions of fear and loss are hard to quantify, whether it’s a 10% drop, 20%, or even 50%. They all seem quite similar.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades aren't going well, you can come and test the waters.
The data is real, and each trade has a screenshot from when it was sent out.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin suggested buying near 62170 yesterday, and it has now reached the take-profit target near 62800. You can reduce your position. The second target has been adjusted to around 64700. The daily line dipped to around 62050 yesterday and closed near 62900. The support level is near MA200; if it breaks, we will look towards MA30. A pullback can be used to buy near this level. The resistance level is around 64700; if it breaks, we can look towards 66000. MACD shows increasing bullish momentum, forming a golden cross. The four-hour chart has seen a rise from the lowest point of around 62450 to about 64400. If it pulls back to around 63500, you can buy. MACD shows increasing bullish momentum, and short-term buying can be done around 63900-63570, with targets at 64700-65900-68000.
ETH
Analysis
Ethereum's daily line dipped to around 2435 yesterday and closed near 2470. The support level is near the MA7 moving average; a pullback can be used to buy near this level. The resistance level is around 2600. MACD shows increasing bullish momentum, forming a golden cross. The four-hour support level is near MA30; a pullback can be used to buy near this level. MACD shows increasing bullish momentum.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag. If you have any questions, feel free to consult.
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