Warren Buffett once said, "If you are on the wrong road, running doesn't help." Li Hui suggests that no matter how accurate your grasp of the market is, you should not over-leverage in contract trading. Risk control must come before profit. Entry decisions should be based on the breakthrough of support or resistance levels, avoiding frequent trading, and managing positions and profit expectations reasonably. Spend more time observing, patiently waiting for the right opportunity to reduce the cost of trial and error, enhance self-discipline and confidence, be prepared to avoid blind operations. Maintaining good trading habits and steadily making progress is the only way to profit in the market in the long term. Li Hui will continue to use professional knowledge to help every investor achieve wealth growth, and wishes everyone to achieve financial freedom in 2024. Keep it up!
September 17th, Li Hui: Bitcoin market analysis and operational suggestions:
The short position of Ethereum at 2450 was smoothly closed at a profit of 2330 this morning, accurately gaining 120 points; it seems that the ability of Ethereum to fall was underestimated. The morning market directly broke through and reached the vicinity of 2250. Ethereum also rebounded by more than 80 points during the day, but still did not break through the 1-hour midline and EMA30. From the current Bollinger Band channel, it is expected that the market will continue to oscillate downward, so patiently wait for the space to be completed before entering the long position at a low.
The 4-hour Bollinger Band channel is open, and the candlesticks have been oscillating downward along the EMA7 and lower rail. Continued attention can be given to the volume below the zero axis, and the DIF and DEA are slightly converging.
The daily Bollinger Band channel is open, indicating that the recent market may be amplified, especially with news on Wednesday. It can be seen that the candlesticks are under pressure near the midline, so the candlesticks may still retest the bottom. The DIF and DEA are still converging, and it is expected to pull back after touching the slow line again.
Taking into account the above indicators, the short signal is still strong, so continue to wait for the low position layout, and high short positions need to be operated in real time in combination with changes in the market!
Li Hui suggests going long in the retracement range of 2210-2230; reserve the range of 2160-2130 for adding positions, stop loss at 2110, and target the range of 2290-2340. Breaking through 2350-2370 can reach the vicinity of 2420.
Article review and push have delays, and the market changes in an instant. Specific entry opportunities need to be combined with specific operations in real accounts. Real-time notifications prevail. The article's suggested points are for reference only. Do not over-leverage. When entering the market, set stop-loss and take-profit levels and take profits when the time is right!
I, Li Hui, interpret world economic news, analyze global trends in the currency circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only. All risks are at your own. May we remain humble and brave in the complex currency circle, fear no challenges, and be brave to explore. Just as "The road ahead is long, I will seek and explore," I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and comprehend life.
With Li Hui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspiration. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose the future, sharing the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities!
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