Crypto News

January 27 Hot Topics:

1. Slow Mist's Chief Information Security Officer 23pds stated that the meme trading tool debot's private keys are transmitted and stored in plaintext without encryption, suggesting that debot upgrade its security level.

2. Data: The number of wallets holding at least $100 in Bitcoin has increased by 25% year-on-year, reaching nearly 30 million.

3. Mechanism Capital co-founder: TRUMP's trading mainly relies on attention, and Trump will remain the world's largest attention monopolist.

4. ZachXBT: Last December, the SUI network experienced a $29 million hacking incident, with approximately 6.27 million SUI stolen.

5. Tokens such as SUI, OP, and TRIBL will see significant unlocks next week, with SUI unlocking valued at approximately $265 million.

Trading Insights

How can an ordinary newcomer in the blockchain space multiply their assets by 20 times in three months by establishing a trading system? I want to systematically share my trading system. Instead of managing answers, we should manage questions. Below is the preface to my trading insights from the past six months: The audience for my writing is initially aimed at those who intend to make money and have logical abilities, rather than those who come to gamble and fantasize about getting rich. Gambling means losing this time or the next; establishing a trading model with a positive risk-reward ratio and reasonable win rate is what can ensure survival in the market. Small losses and small gains, occasionally big wins, is how I survive. We should earn money within our cognitive abilities, but what do we actually understand? If you do not reflect inward, it is difficult for others to walk this path for you. We will package the following concepts to form a structure, so that when we encounter similar problems next time, we can better achieve the system's goals.

1. Why should we have a system instead of being systemless? What is the difference between systematic thinking and non-systematic thinking? My thinking during the "retail investor" phase? My current thinking? The thinking after establishing a system; this point is thanks to Boss Wang. My trading system was developed in the secondary market. With an operating system, your review and feedback have precise direction, rather than negating the entire trade. It's like a leg injury; we don't saw off the leg but take antibiotics to kill the bacteria.

2. What is my trading system? It consists of three main parts:

• Operating System: The operating system is like our autonomic nervous system or immune system; it autonomously ensures my survival (I must note that much of what I learned comes from my mentor Eric Millionaire Wang. If you want to learn systematic secondary trading ideas, watch his videos and join his community; he is undoubtedly one of the top traders I have encountered in the market and a person of integrity). The operating system includes the following components:
  • Risk Management: This is the core of all trading.
  • Position Management: Market judgment.
  • Mindset Management: Impression judgment of a coin: Is this coin understandable or not?
  • Understandable and profitable: This is our main direction of effort; early believers reap rewards, half-believers get a taste, true believers take over.
  • Understandable but losing: Poor market conditions or issues with entry positions.
  • Unintelligible but profitable: Good luck.
  • Unintelligible and losing: Most people die here by recklessly chasing low-quality coins.
• Analysis System: On-chain operation tools: gmgn, chainfm. Finding a market maker must involve learning from Teacher Lam or the writings of Mai Zong. Narrative: This part is not my strength; you can refer to Tian Zong, Jingle, or Teacher KKK. K-line patterns: Moving average system. Essence of patterns: Key patterns: W bottom, M top, spoon-shaped structure. RSI: Relationship between large and small time frames? Market data: Mainly checked from gmgn; what to check? Coin selection window: How to obtain quality information sources? The essence of memes: Essentially, it is the market maker using favorable news to lure retail investors in after absorbing liquidity and then distributing tokens. Wallet address database: What kind of address database should we establish? We need to categorize the address database, collecting from chaifm or during daily operations, or communicating with your partners.
• Trading Philosophy: Correct trading philosophy: Why is trading a matter of trade-offs? Why refuse to catch bottoms and escape tops? Why adhere to trading discipline and not feel guilty when losing, yet feel uneasy when winning without discipline? Why transition from qualitative judgment to assessing effectiveness? The entire structure of trading strategies is: if---then structure. Growth mindset—there is no failure, only feedback. Why not easily change the trading model? A complete model surpasses a half-baked model; having a model provides a basis for execution; without a basis, reckless trading leads to losses.
• Incorrect trading philosophy: Going solo or relying entirely on teammates. The human gambling psychology mechanism. A panacea, a strategy with a 100% win rate. Overfitting of models. Not allowing oneself to FOMO.

1. Simple Trading Process: Coin selection and trading plan.

LIFE IS LIKE

A JOURNEY ▲

Below are the real trades from the Big White Community's group this week. Congratulations to the friends who followed along. If your operations are not going smoothly, you can come and 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 About Coins

BTC

Analysis

Bitcoin daily: Yesterday, Bitcoin fell from a high of around 105,500 to a low of around 102,500, closing around 102,600. The support level is near 100,000; if it breaks, it could drop to around the MA60. A pullback can be bought near this level. The resistance level is near MA14; if it breaks, it could reach around the MA7. MACD bullish volume is decreasing, forming a death cross. On the four-hour chart, the support level is near MA120; if it breaks, it could drop to around the MA360 yearly line. A pullback can be bought near this level. MACD bearish volume is increasing.

ETH

Analysis

Ethereum daily: Yesterday, Ethereum fell from a high of around 3,365 to a low of around 3,325, closing around 3,330. The support level is near the MA360 yearly line; if it breaks, it could drop to around MA200. A pullback can be bought near this level. The resistance level is near MA7; if it breaks, it could reach around MA90. MACD bearish volume is increasing, forming a death cross. On the four-hour chart, the support level is near 3,055; if it breaks, it could drop to around 2,990. A pullback can be bought near this level. MACD bearish volume is increasing, forming a death cross.

Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.

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