Due to the approval of BTC ETF and the impact of the reduction of GBTC holdings, the market began to FUD, and BTC and ETH experienced a correction that lasted for several days. But looking at the overall situation of the BEC ETF, it has maintained a net inflow from its inception to the present. We believe that the reduction of GBTC holdings is mainly due to position adjustment based on fees and profit-taking with premium arbitrageurs.
We have previously introduced the application of indicators during rises and fluctuations, and we also look for opportunities in high-volatility alt-coins. However, in our community, more followers are paying attention to BTC and ETH, and also mentioned some views on ETH ETF. Today we return to the most basic token, ETH.
As we all know, ETH has experienced two trends, up and down, in half a month. Let's take a look at the 4h level first. This time the TSB indicator is used. In our previous articles we highlighted the use of the TSB indicator for opening and holding. For closing, if you hold a long position but the TSB indicator prompts a SELL signal, then this means that you need to perform a bearish operation, that is, close the long position, or open an additional short position.
As marked in the figure, the TSB indicator prompted BUY on January 10, and after meeting a specific algorithm, it prompted SELL on January 19. And you only need to open a long position on January 10th, and then remember our position rules until January 19th to close the long position and open a short position, and then continue to hold.
The same is true at the 1h level. To be wordy, during the position holding process, you may see a bullish strengthening or V-reversal, but as we mentioned in the previous article, don’t be afraid and continue to hold until the BUY signal appears.
Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
We have previously introduced the application of indicators during rises and fluctuations, and we also look for opportunities in high-volatility alt-coins. However, in our community, more followers are paying attention to BTC and ETH, and also mentioned some views on ETH ETF. Today we return to the most basic token, ETH.
As we all know, ETH has experienced two trends, up and down, in half a month. Let's take a look at the 4h level first. This time the TSB indicator is used. In our previous articles we highlighted the use of the TSB indicator for opening and holding. For closing, if you hold a long position but the TSB indicator prompts a SELL signal, then this means that you need to perform a bearish operation, that is, close the long position, or open an additional short position.
As marked in the figure, the TSB indicator prompted BUY on January 10, and after meeting a specific algorithm, it prompted SELL on January 19. And you only need to open a long position on January 10th, and then remember our position rules until January 19th to close the long position and open a short position, and then continue to hold.
The same is true at the 1h level. To be wordy, during the position holding process, you may see a bullish strengthening or V-reversal, but as we mentioned in the previous article, don’t be afraid and continue to hold until the BUY signal appears.
Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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