Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on November 15
Bitcoin retraced to the 87500 line yesterday, and the bullish sentiment during the day eased somewhat, with the price rebounding only after finding support at the 87500 line. Currently, the trend has returned to the area above 89000, but the bullish sentiment has weakened again, and the market has entered a high-level consolidation phase.
From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upward. It is currently retreating again to the lower support, with a rebound occurring at the low of 87500. If the price cannot maintain a sustained rebound above 90000 during the day, it is expected that the consolidation will continue for a while.
On the short-term hourly chart, MACD: In the 4-hour cycle, the DIF and DEA are close to the zero axis, and the MACD histogram has turned from positive to negative, indicating a weakening of bullish momentum, which may enter an adjustment phase. The current price is hovering near EMA7 (89580). If the price cannot stabilize above this moving average, it may further test the support at EMA30 (85884). The current price is under pressure and is retreating in the mid-band area, with short-term mid-band support at the 88600 line. If it can stabilize, the price is expected to return above 90000. Conversely, if multiple tests fail to form effective stabilization, it is expected that the price will retreat to the EMA30 support area. It is recommended to short at high prices and long at low prices.
Short-term Reference for Bitcoin on November 15:
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Long position: Buy in the 85500-86000 range, with a stop loss at 84500 and a target above 88000.
Short position: Lightly short in the 89500-90000 range, targeting 500-1000 points, with a stop loss at 91500 and a 500-point stop loss.
Short-term Reference for Ethereum on November 15:
Long position: Buy in the 2941-2900 range, with a stop loss at 2800 and a target above 3000.
Short position: Short in the 3200-3240 range, with a 30-point stop loss and a target of 50-100 points.
There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take-profit and stop-loss levels to secure your gains.
For more real-time trades, you can follow my official account to access online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
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