诗魂

$ETH
I am writing this post with a heart full of gratitude.
I have never placed myself on a high pedestal; I am just a very ordinary person. Binance provided me with a platform, and with some good luck, I became a moderately successful KOL in the square.

Actually, from the beginning to the end, my purpose or goal has always been to bring some ideas to everyone, to provide some flashes of inspiration for trading. I haven't really been as arrogant as I jokingly call myself the 'God of Ethereum'; it’s just for fun and to attract some attention.

Entering at the 2950-3000 level and now at 3700, I actually told everyone at 3000 that the future outlook for Ethereum could be very clear and thorough. This wave really feels like I helped all my friends make a significant profit, and I wanted to help everyone double their capital. So, I initially told everyone to aim for an Ethereum profit of 800-1000 points. Completing this trade would help everyone double their funds!

Now that the timeline has progressed to the present, for those who entered with me, the target of 3700 has been reached. Basically, every brother or comrade (like-minded individuals) has gained almost 2000% profit, and most people’s total capital has doubled. I kept posting to encourage everyone to hold on and not to be afraid. Now your funds have doubled, and you’ve achieved profits you’ve never seen before!

I also admire those who held on; actually, being able to hold on, in my eyes, you are the God of Ethereum!

I am very grateful to everyone. I am very happy and excited about this wave. What makes me happy is not that I made money, but that everyone made money and earned significant profits. I hope everyone remembers this feeling and never forgets it!

Total capital has doubled, and profits of around 800-1000 points have been achieved. I’m not bragging. As for the big cake in hand, I will help you double your funds again!

Remember! Everyone is their own trading god!

$ETH

Congratulations to all the brothers who held on!
You guys are really amazing, eth has reached 4100 as desired.
3000-3700
3500-4100

We can flip the warehouse in July, and in August we can continue to flip the warehouse $

I have reduced most of my position, but I will continue to hold some eth.

$ETH
The rewards in this plaza really have no words ❤️

$ETH
Next, let's talk about the market trends of ETH.
1. On the daily chart, which is Figure 1, ETH first broke out of the wedge and moved upwards, but was then suppressed by the daily EMA 200 moving average. After being pressured, it fell back into the daily wedge again. Therefore, the previous breakout action was similar to what I mentioned in my live stream and in several earlier posts; it was a false breakout aimed at liquidating short positions. Now that the price has returned to the interior of the wedge, the probability of testing the lower edge of the wedge (3100) or breaking through the lower edge to establish a new downtrend has significantly increased.

2. On the four-hour chart, which is Figure 2, the information provided is that the candlestick has broken below the wedge, and it even made a move that broke through the upper edge of the wedge, with the price retracing to the upper edge to confirm the resistance is effective. However, it is important to note that the MACD pattern on the four-hour level is bullish, while the MACD on the daily level is bearish. This involves a gradual digestion of the MACD, waiting for the bullish volume on the four-hour MACD to be digested, which is when it turns into a bullish candle. Then, the daily bearish volume can be released more smoothly and quickly.

Note: The current price and position indeed meet the conditions for adding positions, but the four-hour MACD shows bullish behavior, so I do not want to add positions here while the MACD is digesting bullish volume.

So, if you have a short position, you just need to hold it and wait for the MACD here to digest. You can wait to add positions until the lower edge is broken, which is at the position of 3100.

In other words, choosing a steadier and better position to add to your profits would mean that 3100 is broken down significantly, establishing a position below 3100, and moving downwards, then the downtrend will begin, which would be the best position to add.

Some people are asking how high SUI can go? If Ethereum can break below 3100, SUI reaching around 1.3 is just a matter of a few candlesticks.

$ETH
As mentioned in the previous post, the price has dropped below 3215-3220, so it will move inside the wedge again. After stabilizing inside the wedge, it is time to increase short positions. Since it encountered resistance around 3340 and broke below the wedge, the previous wave of rising was a false breakout to liquidate the shorts. Of course, it can only be said so if it firmly stands below 3220-3215.

$ETH
1. One thing is certain about Ethereum today: the daily chart is currently being pressured by the EMA200 (around 3345), and the daily MACD looks weak, showing bearish压制.

2. The daily chart pattern has consistently been a triangle wedge. It rose to around 3400 but faced resistance there, indicating a breakout from the ongoing triangular wedge range. However, the price has not been able to break through or sustain above 3345 on the daily chart, making a false breakout highly likely.

3. If it's a false breakout, ETH price will likely retest the upper edge of the wedge (3215-3225), which is a key support level to watch. If this support is broken, the price will return into the interior of the wedge. Once inside, the pattern will continue its wedge structure, confirming the false breakout, and then resume the prior downtrend.

4. It's highly probable that the price will test 3215-3225 soon. While there is support at this level, the likelihood of breaking below it is greater than the chance of holding.

If you have short positions, add more when the price breaks below 3215-3225, as this is the upper edge of the wedge. If the price breaks below 3075-3065, add more, as this is the lower edge of the wedge, and a break below would confirm the continuation of the downtrend.

$ETH
Live broadcast tonight, talking about next year's market.

$ETH
Ethereum is giving a little reminder:

Can I continue to hold my short position? Yes, no problem! However, our short position is above 3010, and it has a break-even stop loss, so if you opened a short position earlier and the entry point wasn't that good, and you want to gamble, please place your stop loss at 3056.

Then, holding a short position does not mean opening another short at this level, be sure to distinguish.

In the first chart, the four-hour level is facing resistance below 3045, so the overall four-hour trend is still bearish, and it cannot temporarily turn bullish. As I mentioned yesterday, to turn bullish, it must stabilize above 3045-3040, and right now it hasn't even touched that, so if your short position opened above 3010, I suggest you carry a break-even stop loss; if it opened slightly lower, use 3056, following the trend and the current resistance, then take it down a bit further.

$ETH
Follow my thoughts, you won't have any issues with the market trend this time, after all, I haven't lost a single trade this month.

My short position is at a cost price of 3033, currently with a breakeven stop loss.
Consider the four-hour chart in the first image; below the EMA 200-day moving average, there is bearish pressure. Since last week, it has been fluctuating within this 100-point range of 3050-2900, with very poor market continuity. The current four-hour position can go either way, showing range-bound fluctuations, but it is about to break out of this range to take on the next trending market.

If my short position hits the breakeven stop loss and breaks above 3040, settling above 3040, then my overall thinking for the short position that I've held for a month will begin to shift to bullish.

Why shift to bullish upon meeting the above conditions?
Because the support rebound on the weekly K in the second image has not formed; the weekly K requires about a 400-point rebound to be considered healthy and normal, and the MACD also needs to rebound for recovery. I have been waiting for the 2600 weekly K support to break, tested twice without success. If it settles above 3040, I will no longer pursue short positions but will switch to a bullish rebound on the weekly K. I will then check the strength of resistance around 3400; if the resistance is strong, I will look to short near 3400, maintaining a bearish trend on the daily chart.

Summary: The larger trend remains bearish. After the four-hour naked K settles above 3040, I will no longer take short positions but switch to bullish up to 3400, checking the strength of resistance near 3400. If the resistance is strong, I will layout high positions for shorts, still targeting the 2600 weekly K support.

Note: If 3040 is not stable and is not reached, then all mentioned above is irrelevant; the downtrend will continue, with bearish dominance, and I will not take any long positions.

Tomorrow we will know the result. If 3040 is not reached and a bearish naked K closes, I will continue to look for short points to open shorts.

$ETH
I held a short position for a week with a fluctuation of 100 points. In the morning, I was afraid of a reversal and took profit to avoid loss. As a result, at four o'clock, there was another opportunity to get a better entry point.