You trade between the consolidated support and resistance line while waiting for a breakout. Take bitcoin for example while breakout traders have been waiting for 2 months, consolidation traders have been trading between the lines for the 2 months. So you tell me who's been making money while others are missing trade opportunities.

Identify big ranges like parallel channels and support & resistance. These you need to take the profit and loss in a disciplined way. If you get greedy for wanting more %, suddenly the price went against you, the paper profit become real loss.

This is simple example of support. Bounce 8 times.

Example you buy 8 times x 5%= 40% already. Breakout either way, you cant gain 40% anyways.




Support and resistance is the most basic and the most powerful thing to see in a chart. It is so easy. Just draw a box where the price keep bounce and reject (resistance).

This post has been edited by mois: Feb 22 2025, 11:45 AM

The Bybit hack could have been avoided if CEO Ben double-checked the wallet address as he is the last of 3 multi-signature signers of the Ledger cold wallet

The hack is engineered by the North Korean Lazarus Group.

This post has been edited by colmi: Feb 22 2025, 11:43 AM

Wow really pros this North Korea hackers, cold wallet also they know to hack.

Didn't know North Korea so advanced

North Korea knows nuclear bombs. Hacking crypto exchange is like playing candy crush to them.

Haha I would say nuclear bomb is just basic chemistry and physics. Hacking a cold wallet on the other hand, need some sophisticated knowledge.

Basically blame North Korea, sweep under the carpet & NFA.

Nukes aren't high tech and the ones North Korea are using is tech from the 60s.

This hack wasn't that high tech also, it was basically a phishing attack on a cold wallet.

Proves that multi-signed wallet doesn't matter if your employees are dumb.

Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.

"The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet.

Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic," Bybit explained.

"As a result, the attacker was able to gain control of the affected ETH cold wallet and transfer its holdings to an unidentified address."



Yes, the hack is sophisticated indeed. North Koreans are good hackers.

They have good soldiers & they have good hackers. Trump better be nice to Kim. Or Binance will be next kaboom

who would look down on the koreans

they are really good at these

Hard times makes strong men. The saying goes. Life in North Korea must be real tough for them to produce such good hackers.

For those interested, here is a video of the technical analysis of the Bybit hack by a security researcher.

Since ETH is hot topic now. Despite the hack, the price isnt affected. Just consolidating.

ETH my view 4H chart.
If this bearish triangle breakdown, the flagpole target is sub 2k. $2100 is very strong support. But like I said, triangle is difficult one. It could break above too. If it break out above, triangle target is $3100+.



But ETH 1D chart on logarithmic view. It is being supported by the bullish trendline. So any breakdown of the trendline, it become bearish trend for ETH. But as long still above and bouncing ok lah.



This post has been edited by mois: Feb 23 2025, 09:50 AM

rolling back ETH to before the hack will cause far more damage to ETH than letting the hacker get away with it

This post has been edited by Medufsaid: Feb 23 2025, 09:41 AM

I wonder this Monday what will happen to ETH price. Will this hack affect the price

nope... supply still same