The previous judgment was mainly a bullish outlook, and the facts have verified this direction, just a few days late in timing. The good news is that the results are in line with expectations. The liquidity of the short positions worth several billion at 94970 above will definitely be taken out, which is a matter of course.
Currently, this rebound, according to Elliott Wave theory, is in the third wave of wave B. Based on the rise of wave 1, the rebound space for wave 3 should reach the range of 97-99. But to be honest, I don't plan to hold on to that position until the very end; everyone understands the principle of taking profits when the time is right.
For ETH, you can watch the around 3600 level, with a fluctuation range of about 50 dollars up or down.
Wishing everyone profitable bottom fishing and smooth trading!
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RooftopReserver
· 01-08 10:01
94970 That liquidity will eventually be eaten up sooner or later. The question is when. But on the other hand, knowing when to take profits is indeed a skill; greed can cause you to lose everything in minutes.
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DecentralizeMe
· 01-06 15:00
The 94970 short positions are about to be wiped out. This move is indeed solid, but I will still run early. Greed doesn't lead to good results.
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LightningWallet
· 01-05 22:49
94970 That pile of short positions will be eaten sooner or later. This rebound is indeed a bit interesting. But don't be too greedy at the 99 level; the take-profit point is the most critical.
Just keep ETH at 3600, don't try to catch all the fluctuations. Making a profit is what makes you a winner.
At least I didn't miss this time, feeling comfortable.
There's no problem being bullish on this direction, but the rhythm is indeed a bit slow. What's important is the outcome.
The Elliott Wave theory is just for listening; the market is always the greatest teacher.
You should have sold some early on; greed is the biggest enemy in trading.
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LiquidatedAgain
· 01-05 22:41
It's another case of missing the move despite the right direction, timing really kills.
Wait, can that bunch of short orders at 94970 really be taken out? The last time I thought so, I got liquidated directly.
97-99? Just listen, I started to tremble at 96.5. I've heard too many times that you should take profits when the time is right.
I didn't dare chase the ETH at 3600, afraid of a reverse liquidation and having to clear the position to save myself.
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SeeYouInFourYears
· 01-05 22:41
The Elliott Wave Theory is back again. Can we really catch the 97-99 range? I’m skeptical...
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It's easy to say "take profits when the market looks good," but in practice, who isn’t greedy? Haha
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Liquidity being drained is inevitable; it all depends on who acts first
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That 3600 level definitely needs close monitoring. ETH has been a bit dull recently
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As always, plans can never keep up with changes... but as long as the outcome meets expectations, that’s good enough
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Elliott Wave sounds professional, but realistically, reaching 99 would be a huge achievement—just dreaming big
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Catching the bottom is beneficial, but this blessing might be a bit premature. Let’s see if there are any new negative signals
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TokenUnlocker
· 01-05 22:34
Ha, as long as the direction is right, the details are not a big deal.
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MEVHunterNoLoss
· 01-05 22:34
Elliott Wave is back again, always saying that the 3rd wave is the most intense... It was the same last time, haha.
Knowing when to take profits is true; greed ultimately makes you the bagholder.
It's fine to keep an eye on 3600, let's see if ETH can perform well this week.
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AirdropHunterWang
· 01-05 22:23
Wave theory is back again. Can it really reach 97-99? I remain skeptical. The liquidity part is indeed tempting, but don't be greedy. The saying "take profits when it's good" is spot on.
I've had my eye on around 3600 ETH for a while, just waiting for a stronger rebound.
The previous judgment was mainly a bullish outlook, and the facts have verified this direction, just a few days late in timing. The good news is that the results are in line with expectations. The liquidity of the short positions worth several billion at 94970 above will definitely be taken out, which is a matter of course.
Currently, this rebound, according to Elliott Wave theory, is in the third wave of wave B. Based on the rise of wave 1, the rebound space for wave 3 should reach the range of 97-99. But to be honest, I don't plan to hold on to that position until the very end; everyone understands the principle of taking profits when the time is right.
For ETH, you can watch the around 3600 level, with a fluctuation range of about 50 dollars up or down.
Wishing everyone profitable bottom fishing and smooth trading!