Hot topics of Master Chat:
Yesterday, Master called several fans and friends to talk about a mid- to long-term plan to escape the top and buy the bottom. Many friends are still interested in it.
However, there is no shortage of situations where the current conditions are insufficient, because many friends are stuck with spot and contract positions of altcoins, and some have even been liquidated.
Therefore, it is necessary for me to talk about copycats again. Many friends are also asking me when the copycat season will come back. Friends who hold copycats can take a good look at the following.
First of all, the liquidity problem of small coins is actually a confidence problem. The two recent waves of the big cake have not been able to stand firm, which has caused everyone to be worried. The main force is afraid of making wedding clothes for others, and retail investors are afraid of losing money, so they all stop profit and stop loss.
Just like last October, small coins followed the big breakout and surged. After all, the big brother did not show a major upward trend, so the younger brothers naturally did not dare to move.
Although the current small coins have fallen for more than half a year, their liquidity is still good. The key is to see the mood of the big brother. However, if there is no new liquidity, the room for growth will be compressed, and the market may rotate around and then disperse.
Therefore, whether a small coin can be listed in the early stage depends on confidence; in the middle and late stages, it depends on whether it has strength and liquidity. In short, only when the big brother stands firm, the younger brothers dare to move. Otherwise, it is still a matter of confidence. Just like when you were a kid, you dared to rush in, but you didn’t know whether Wang Ergou next door had money.
Master looks at the trend:
After the adjustment was completed yesterday, the 4-hour line tightly embraced the 20-day moving average, and it rebounded today! In other words, this trend is like a test of everyone's heart. If you can still hold your ground, you may have cultivated to the state of calmness.
After the high point of the chart has been retested, it is still hanging there, just like the housing price, it refuses to come down. So as long as the 4-hour 20-day moving average is maintained, we will continue to maintain the idea of a rebound - even if the recent market is like a roller coaster.
Resistance level reference:
First resistance level: 68300
Second resistance level: 69000
If you see a breakout of 68,300, then a retracement to 69K would probably be like KFC’s Crazy Thursday, with a phone call coming immediately.
If the short-term high of 67.9K holds steady, we can gradually move upwards and observe the retracement of the upper resistance. Don't be in a hurry at this time, slowly climb the slope, and say to yourself "Hold steady, we can win!" Friends who want to enter the market should not be in a hurry, the short-term low of 67.4K can be considered as a threshold, and wait for it to come back obediently.
Support level reference:
First support level: 67400
Second support level: 66800
The first support of 67,400 is a good entry point. Today’s support line is higher than yesterday’s. Don’t miss the opportunity given by the market.
At present, we can set 67400 as the short-term support. We should hold the 20-day moving average of the 4-hour line, do not lose the important support, and continue to maintain the mentality of "rebound is possible". In short, the market can continue to drive, so don't rush to jump out.
Today's trading suggestions:
Today, you can keep the idea of short-term rebound, keep an eye on the low time-sharing chart, and look for opportunities to enter the market. Buying in the market is still quite active, and the adjustment may be just a minor episode, and at most it will give you a scary big negative line.
10.18 Master's short-term pre-buried order:
Long entry reference: 66800 light long position, cover position 66300, defense 500 points, target 67400-68300
Reference for short entry: 68300 light short position, cover position 68800, defense 500 points, target 67400-66800
