Cryptocurrency News
April 11 Highlights:
1. Block Inc. reaches a $40 million settlement due to "serious failures" in anti-money laundering compliance procedures.
2. Trump signs a resolution to repeal the cryptocurrency tax rules from the Biden administration.
3. MEV bots rush to claim the Wayfinder PROMPT airdrop, TokenTable suspends the process and promises compensation.
4. The SEC has dismissed its allegations against Nova Labs for selling unregistered securities.
5. New York Attorney General warns Congress: Beware of foreign stablecoin issuers like Tether.
Trading Insights
After years in the cryptocurrency space, here are some trading insights that are purely practical and I believe will help you!
Small Capital Secrets: Precisely target major upward trends. For small players in the cryptocurrency space with capital under 200,000, catching a major upward trend once a year can be considered a "life winner"! Don’t go all in; always leave yourself an exit strategy, as this is the wise approach.
Cognition is Wealth: Simulate practice, real combat for survival. Your cognition determines your wealth ceiling. First, "trial and error" in a simulated environment to develop a strong mindset and exceptional courage. In real trading, one failure can lead to total loss, even forcing you to leave the cryptocurrency space entirely.
Good News Trap: Cash out decisively when good news is realized. If you encounter significant positive news and haven’t sold by the end of the day, make sure to sell decisively when the price opens high the next day. Remember, the end of good news often marks the beginning of bad news; don’t let greed blind you.
Holiday Curse: Clear positions before holidays to avoid losses. Reviewing past trends, cryptocurrency prices are likely to drop around major holidays. Therefore, reducing positions or even going to cash a week in advance can help you avoid this high-probability "holiday disaster."
Mid to Long-term Strategy: Cash is king; buy high and sell low for mid to long-term plays, ensuring you have enough cash on hand. Sell when prices rise and buy decisively during sharp declines; repeating this process can help you remain undefeated in the cryptocurrency space.
Short-term Essence: Volume, price, and patterns; activity is key. In short-term trading, trading volume and patterns are critical indicators. Focus on actively trending and highly volatile cryptocurrencies; ignore those that are stagnant.
Rise and Fall Code: Downward rhythm indicates rebound speed. If the downward trend gradually slows, the rebound will also be sluggish; however, if the decline accelerates, the rebound will come quickly and fiercely. Grasping the rhythm can lead to profitable opportunities.
Stop Loss is Paramount: Admitting mistakes is not shameful; survival is most important. If you make a wrong trade, don’t stubbornly hold on; timely stop-loss to protect your capital is fundamental to surviving in the cryptocurrency space. As long as you have the green mountains, you need not fear the lack of firewood.
Short-term Magic Tool: 15-minute K-line + KDJ indicator. For short-term trading, the 15-minute K-line chart is essential. Combine it with the KDJ indicator to accurately find buy and sell points, maximizing your returns in a short time.
Quality Over Quantity in Techniques: Mastery is key. There are many trading techniques in cryptocurrency; don’t try to learn them all. Mastering a few can help you navigate the cryptocurrency space with ease.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals 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.
Data is real, and each trade has a screenshot from when it was issued.
**Search for the public account: *Big White Talks Cryptocurrency*
BTC
Analysis
Bitcoin's daily chart fell from a high of around 82,750 to a low of around 78,450 yesterday, closing around 79,600. The support level is around 78,500; if broken, it could drop to around MA76,550. A pullback can be used to buy near this level. The resistance level is around MA14; if broken, it could rise to around MA30. A rebound near this level can be used to sell. MACD shows a decrease in bearish volume and signs of a golden cross forming. On the four-hour chart, the support level is around MA14; if broken, it could drop to around MA30. A pullback can be used to buy near this level. The resistance level is around MA90; if broken, it could rise to around MA200. A rebound near this level can be used to sell. MACD shows an increase in bullish volume.
ETH
Analysis
Ethereum's daily chart fell from a high of around 1,670 to a low of around 1,470 yesterday, closing around 1,520. The support level is around 1,475; if broken, it could drop to around 1,400. A pullback can be used to buy near this level. The resistance level is around MA14; if broken, it could rise to around MA14. A rebound near this level can be used to sell. MACD shows a decrease in bearish volume. On the four-hour chart, the resistance level is around 1,600; if broken, it could rise to around MA60. A rebound near this level can be used to sell. MACD shows an increase in bullish volume.
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 may have some lag; if you have any questions, feel free to consult.
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