Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, 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 advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a 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 11.21
Yesterday, Bitcoin's price continued to reach new highs, breaking through the 94,000 level, with the price approaching 95,000 under pressure and entering a consolidation phase. The upward momentum has weakened again today, with a slight price pullback, currently running around the 94,000 level. The overall trend is leaning towards volatility, so aggressive trading is not recommended for today; maintaining a strategy of shorting high and buying low in the short term is sufficient.
From the four-hour chart, after being pressured near the 95,000 level, the short-term trend has entered a high-level consolidation rhythm. Although the price has pulled back around 94,920, it has not further broken through the 95,000 resistance. If the trend cannot break out for a long time, it is expected that the price will continue to pull back. It is advised not to blindly chase the price at the current position and to be cautious of another pullback.
The overall trend direction for Bitcoin remains unchanged, but after reaching a new high, the price is undergoing a correction, and the market is currently in a pullback consolidation phase. Therefore, for those trading spot, it is not recommended to enter at the current price; it is better to wait for a significant pullback before considering entry. For those trading contracts, the current market is a volatile one, and a strategy of shorting high and buying low is sufficient. In the short term, pay attention to the resistance at the 95,000 level, followed by 96,500, and the support at the 92,500 level.
Short-term Reference for Bitcoin on 11.21:
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Long position: Buy in the 92,500-93,000 range, with a stop loss at 91,000 and a target above 93,800.
Short position: Sell in the 96,500-97,000 range, targeting 500-800 points, with a stop loss at 98,000.
There may be delays in sending this article; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set your take profit and stop loss levels to secure your gains.
Short-term Reference for Ethereum on 11.21:
Short position: Sell in the 3,240-3,200 range, with a stop loss at 3,380 and a target below 3,150.
Long position: Focus on the 2,900-2,960 range, with a stop loss of 50 points and a target above 3,060.
There may be delays in sending this article; the strategy suggestions are for reference only. The market changes rapidly, and 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 trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in cryptocurrency, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. 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 this article; 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. Keep going!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
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