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Fellow Coinwirers, In this journal, we will share the insights, experiences, and lessons we've gained in the trading world. We trust that our reflections will offer valuable guidance for your own trading endeavors. Trading Period: 21 Oct - 28 Oct This past week has been one of my most challenging trading experiences since joining Coinwire. My win rate fell to 38.46%, highlighting the tough market conditions. However, it also offered valuable insights and lessons that I'd like to share with...
Market Overview The BTC weekly candle has bounced back and closed above $68,000. => There is still a feasible basis to test $70,000 - $73,000 in the short term (1-2 weeks). However, as BTC.D (Bitcoin Dominance) trends towards the 58-60% range, and ETH/BTC is at 0.047xx => The current situation is unfavorable for altcoins. The liquidity of altcoins depends on MMs (Market Makers). If MM has not yet deposited stablecoins on exchanges, only BTC and ETH can likely continue to rise, while altcoins...
Altcoin Overview Total2 chart (4h timeframe) on May 8 On May 8, altcoins were monitored as they approached a support area, experiencing a strong recovery but hitting resistance. The fluctuation range is set between 1.05T - 1.06T (resistance) and 940B - 960B (support), with notable altcoins including $WLD, $TON, $AR, and $ENA. BTC dominance (BTC.D) remains influential, causing altcoins to move sideways with BTC. Total2 chart (4h timeframe) on May 10 By May 10, altcoins continued to follow the...