Mr. Coin in the Crypto Circle: 11.18 Bitcoin, Ethereum latest market analysis reference, along with operational ideas.

CN
1 month ago

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 short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been 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 should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan 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 11.18: Bitcoin (BTC)

After Bitcoin retreated to the support level of 88700, the sentiment has slightly warmed up, and the price has rebounded back above the 90,000 mark. The market is undergoing a repair and consolidation phase, with a focus on the stability of the 90,000 level. If the rebound starts to lose momentum and fails to stabilize in this area, it will indicate that a downward adjustment will begin again, and the market may break below the previous support level. The short-term market is rebounding and entering a consolidation phase, so the strategy should maintain a high short and low long approach.

Short-term Reference for Bitcoin on 11.18:

Long position: Buy in the range of 87000-84000, with a stop loss at 86000 and a target above 89000.

Short position: Sell in the range of 91500-91000, with a target of 500-800 points, stop loss at 95000.

There may be delays in sending messages, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set your take profit and stop loss levels to secure your gains.

Mr. Coin's Cryptocurrency Market Analysis Reference for 11.18: Ethereum (ETH)

Ethereum has not yet broken the resistance at 3250, and the market is under pressure with a slight pullback into consolidation. Currently, the price is fluctuating around the 3100 range, and the short-term market is leaning towards consolidation, with no obvious breakout signs. It is expected that this consolidation phase will continue for a while, and short-term traders can take advantage of range profits. For those who prefer a more cautious approach, waiting for a drop below 3000 to follow the trend and short for quick gains is advisable.

From the current trend, it can be seen that the overall market is still maintaining a wide range of fluctuations, with prices repeatedly moving up and down, and the short-term momentum is relatively strong. Therefore, everyone must control risks before entering the market, remember to operate with light positions, and pay attention to timely profit-taking. It is not advisable to blindly follow the market without breaking key support or resistance levels. If you have any questions, feel free to ask me. If you need analysis on other cryptocurrencies, you can also contact Mr. Coin at any time.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account (Mr. Coin in the Cryptocurrency Circle) to get the addition method: the first ten people each day can receive free exit strategy advice.

Short-term Reference for Ethereum on 11.18:

Short position: Sell in the range of 3240-3200, with a stop loss at 3380 and a target below 3150.

Long position: Focus on the range of 2900-2960, with a stop loss of 50 points and a target above 3060.

There may be delays in sending messages, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set your take profit and stop loss levels to secure your gains.

For more real-time trading strategies, you can follow my official account to access online technical learning, exit strategies, etc. I have been researching the market for many years, studying the major trends in the cryptocurrency circle, 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 not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin in the Cryptocurrency Circle and represents his unique perspective. There may be delays in sending messages, and risks are to be borne by the reader. Please control your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, and we refuse to plagiarize and respect originality!

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