ETH trading ideas for October 16

💎Market analysis: Bitcoin is ready for the biggest trading opportunity in 2 months! The top of the bull flag has arrived smoothly. This is the watershed between long and short positions. Whether it breaks up or reverses downward, there are very good long-term trading opportunities! The market in the past two days is very important for us in the currency circle, and we need to pay attention to it at all times!

Bitcoin's current daily, 12H, and 4H are still long structures. There is no short reversal signal. Continue to look at breaking up! There is a clear short signal in 1H, but it should not be used as an entry signal. The risk is relatively high. This round of short signals is based on the 4H and daily charts.

💎Trading ideas:

1. Go long when the bull flag breaks up.

2. Go short when a clear reversal signal appears at the top of the bull flag.

3. It is recommended to hold positions at the bottom

💎Spot ideas:

The probability that the top of this bull flag can be suppressed has decreased. Spots should wait patiently for further clear signals first, don't be anxious! Once a clear signal is formed, all currencies must follow the action!