Focus on Contract and Spot Video Explanation
Focus on Bitcoin, Ethereum, Litecoin, and BCH Video Explanation
Every day, I share my personal trading suggestions at the end of the public account for fans. Reviewing yesterday's performance, regardless of right or wrong, is in the past; today we continue to move forward together.
K-line is like a math problem; with reasonable logic and calculations of highs and lows, we can find relative exit points! Whether in short or medium-term cycles, reasonable choices can be made.
Click to watch: Coin Emperor: Winter is Coming! Bitcoin Plummets by 20,000 Points! Bears are Still Gaining Strength
Looking at ETH on a four-hour chart, it is currently in a continuous decline, and the rebound space is already at a short-term high point, but the strength continues to show weakness. Therefore, after breaking the 3820 level earlier, the market has shifted from a previous bullish trend to the current bearish trend. As shown in the chart, the current range has adjusted to a low of 3120-3150, with a high reference around 3820. From a layout perspective, the mid-range value is around 3450, which means that the absolute low of this range can be around 3120-3150. If the market is further away from the mid-range line, it means that the space for a long rebound will be larger, and the risk will relatively be smaller.
For those who want to short, you can refer to the values above; the further they deviate from the mid-range line, the larger the potential for a pullback. This is why we decisively started to short after the second rebound at 3700 when it broke without volume, based on this reasoning. Once the trend changes, it is very difficult for the market to regain and convert to a bullish trend. Therefore, we can conclude that during the layout attempts, defense is particularly important. Once the trend changes or the situation becomes clearer, it is better to exit first and then adjust to align with market rules.
Next, we can see many details from the previous daily structure. It is quite evident that from the 14th to the 17th, the market was still in a clear bullish trend, but on the 18th, the K-line broke the original trend because the short-term moving averages were in a pullback phase. When the K-line structure is running below the short-term moving averages, we certainly will not blindly or aggressively look for bullish opportunities. Moreover, Fibonacci has already provided a clear first support break signal at 3820, making it reasonable to look for shorts. After the break, our thinking needs to adjust to the first resistance point around 3820, and then use the lower structure range of 3120-3150 as a low reference. Thus, the conclusion is that there is a significant possibility for a pullback. The indicators also provided clear signals earlier; the bottom MACD's negative bars continue to expand, indicating a further increase in bearish potential.
Follow the Coin Emperor public account: Opportunities are created every day in different time segments; there is no need to rush. The original intention has never changed. While creating profits, focus on professional risk control to add value to investments and ensure long-term success.
We will not forget the past encounters and trust. I provide real-time guidance every day and am online 24 hours a day. You can leave a message if you have questions. All strategy ideas are open for free, and the only designated public account to follow is the team’s.
Mainly focused on spot and contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT.
Specializing in styles, mobile lock-up strategies revolve around high and low support and resistance.
Short-term wave highs and lows, medium to long-term trend trades, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.
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