If you want small stop-losses and big take-profit opportunities, you might have to wait a thousand years for one.
This year, having a 1:1 risk-reward ratio is already very good. Profits are like chicks pecking at rice, losses are like elephants taking a dump. This sentence describes the life of a retail investor. The US stock market is so green it's dumb, and there's still no trend in the crypto market. The crypto industry has already mutated into a super casino. Every day it's either a fake breakout or both longs and shorts get liquidated. Currently, daily trading volume is less than half of what it was three months ago.
A few technical points emphasized: 1️⃣ BTC is still in a consolidation phase; as long as 89 isn't broken, I'm still bullish. Keep focusing on buying the dips, mid-term target for BTC rebound is 94,000.
2️⃣ Currently ETH/BTC is starting to show strength. Prioritize buying Ethereum for long positions. ETH 3240 is not the top, expect a bullish breakout.
3️⃣ On December 7, Ethereum balances on centralized exchanges dropped to a historical low, and there was a large inflow of stablecoins last week: from December 1-8, stablecoin inflows reached 2.579 billion, USDT inflow was 1.042 billion, USDC inflow was 1.632 billion. #ETH #OKB
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If you want small stop-losses and big take-profit opportunities, you might have to wait a thousand years for one.
This year, having a 1:1 risk-reward ratio is already very good.
Profits are like chicks pecking at rice, losses are like elephants taking a dump.
This sentence describes the life of a retail investor.
The US stock market is so green it's dumb, and there's still no trend in the crypto market.
The crypto industry has already mutated into a super casino.
Every day it's either a fake breakout or both longs and shorts get liquidated.
Currently, daily trading volume is less than half of what it was three months ago.
A few technical points emphasized:
1️⃣ BTC is still in a consolidation phase; as long as 89 isn't broken, I'm still bullish.
Keep focusing on buying the dips, mid-term target for BTC rebound is 94,000.
2️⃣ Currently ETH/BTC is starting to show strength.
Prioritize buying Ethereum for long positions.
ETH 3240 is not the top, expect a bullish breakout.
3️⃣ On December 7, Ethereum balances on centralized exchanges dropped to a historical low, and there was a large inflow of stablecoins last week: from December 1-8, stablecoin inflows reached 2.579 billion, USDT inflow was 1.042 billion, USDC inflow was 1.632 billion.
#ETH #OKB