Cryptocurrency News
December 29 Hot Topics:
1. According to Coinmarketcap data, the altcoin season index is currently at 48, up 1 point from yesterday, and has not entered a significant altcoin season.
2. Volatility Shares seeks to launch a Solana futures ETF in the absence of market participation.
3. Bitwise is launching a new ETF aimed at investing in companies that hold Bitcoin.
4. El Salvador currently holds 6,000 Bitcoins, valued at approximately $570 million.
5. Innovative high-speed trading platform RabbitHole has released a smart money discovery tool stack called RabbitStack.
Trading Insights
- Identify the trend and find entry points, calculating the risk-reward ratio.
- Frequent trading leads to impulsive actions; set a target for yourself, and stop once you earn a certain amount of USDT each day. Earning a living through trading is a mindset that retail traders struggle with.
- Not setting stop-losses and over-leveraging can lead to significant account drawdowns, which are difficult to manage technically; this is a major taboo.
- Opening positions with account profits without setting a break-even point; overlooking small amounts can prevent you from making larger profits. Many experienced traders make this mistake as well.
- Confirm the trend; do not open counter-trend positions when you do not have trend-following trades in hand. Always focus on one direction!
- The same stop-loss and take-profit levels given by the teacher. Out of 10 trades, 7 may be profitable and 3 may hit stop-losses, resulting in some making money while others face losses (liquidation).
- Determine position size based on losses; calculate how much you can afford to lose. For example, with a $10,000 account, if you can accept a $500 stop-loss, set a stop-loss at 1 BTC for a 500-point drop.
- Trading anxiety can affect your appetite and sleep. Constantly checking your phone while holding positions, even at traffic lights, is a common issue for beginners. If you cannot manage your mindset, you will struggle with trading.
- Set stop-losses when opening positions, ensuring each trade is within an acceptable range. Never get liquidated; you can always recover. It’s not about who makes the most money temporarily, but about who can survive in this ever-changing trading market.
LIFE IS LIKE
A JOURNEY ▲
Below are the real-time trades from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, feel free to test the waters.
The data is real, and each trade has a screenshot from the time it was issued.
Search for the public account: Big White Talks Coins
BTC
Analysis
The daily chart for Bitcoin rose from a low of around 94,150 to a high of around 95,800 yesterday, closing around 95,300. The support level is near the MA60, and a pullback can be used to enter long positions nearby. The resistance level is near the MA7 moving average; a breakout could lead to the MA30. The MACD shows a decrease in bearish momentum. The four-hour trend is volatile, with resistance near the MA30; a breakout could lead to the MA20. The MACD shows an increase in bullish momentum, forming a golden cross.
ETH
Analysis
The daily chart for Ethereum rose from a low of around 3,320 to a high of around 3,430 yesterday, closing around 3,405. The support level is near the MA60, and the resistance level is near the MA7 moving average; a breakout could lead to the MA14. The MACD shows a decrease in bearish momentum. On the four-hour chart, the support level is near the MA360; a pullback can be used to enter long positions nearby. The MACD shows an increase in bullish momentum, forming a golden cross.
Disclaimer: The above content represents personal opinions and is for reference only! It does not constitute specific operational 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.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
