Don't forget, the darkest moment is often just before dawn. On the road to chasing dreams, you are never alone; you still have me.
Don't always focus on the few trades' take-profit and stop-loss. Your trading system doesn't care whether this trade is a take-profit or a stop-loss; it cares about whether you can consistently achieve a high mathematical expectation of profit. Because a few trades' take-profit and stop-loss are not important to you, drawdowns are very normal, and fluctuations are very normal. Only if your system is correct and achieves a positive expectation can you continue trading sustainably. Therefore, a trader should not have a narrow mindset; expand your perspective. Don't focus on one or two profitable trades, and don't worry too much about one or two days of losses. Your journey is long, and your trading time is far from over, so don't care about one or two trades' profits. At this time, you should broaden your perspective and look at your overall trading performance, whether your system works, whether your historical drawdowns are acceptable, and whether your trading signals are valid; this is what matters.
I am a warrior in the crypto world, always protecting the retail investors. I wish my fans financial freedom in 2024; let's work hard together!
Crypto World Scholar: December 28, 2024, Ethereum (ETH) Latest Market Analysis Reference
The current price of Ethereum is 3323. It is now 6 AM Beijing time. Congratulations to the friends who bought at 3300 yesterday; it seems the clouds have parted. Let's review the main idea I provided yesterday, which was to enter at 3420 and take half profit at 3330. There's no rush for the remaining part; if the main force returns above 3400, we can buy back the portion we sold and continue to look south. The target is not 3300, but the two key supports at the previous lows of 3240 and 3160.
The daily K-line reached a high of 3445 and a low of 3305, with a long upper shadow indicating a typical bullish trap. If the daily line does not break the EMA60 resistance at 3370 before the 8 AM close, those who haven't entered can take this opportunity to go south, targeting the EMA90 support at 3240. A MACD bottom divergence is appearing, with both DIF and DEA about to enter below the 0 axis, indicating a bearish trend. The Bollinger Bands are expanding downwards, with the lower band moving down to the support point of 3150. The overall trend continues to look bearish.
The four-hour K-line continues to maintain a southward approach. The fast line repeatedly hit the EMA30 resistance at 3400 but failed and fell back. The MACD volume is decreasing, with DIF and DEA consolidating. The lower Bollinger Band support is at 3280. Currently, the fast line is in a downward channel. You can pay attention to the mid-band resistance at 3410; if it doesn't break, you can continue to short. If it breaks, watch the upper band resistance at 3540. Be prepared for both scenarios and pay attention to key resistance levels. For those who have entered, continue to hold and look for the previous lows. For those who haven't entered, wait for a pullback to find opportunities, or consider entering if it further tests below 3200.
Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.
For northward entry points, 3240 to 3200, with a stop-loss at 3150 to 3100, stop-loss of 50 points, and targets at 3300 to 3350, with a breakout target of 3400 to 3450.
For southward entry points, 3380 to 3420, with a stop-loss at 3470 to 3520, stop-loss of 50 points, and targets at 3330 to 3280, with a breakout target of 3230.
Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is recommended for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Crypto World Scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto World Scholar wishes you happy investing!
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