Good morning everyone! Today's morning report + review is here.
Let's review it. The volatility of the election is generally unbearable for most people. So, do you have a position to watch the show? Short positions have been washed out, and long positions too. It's the old script, going back and forth with crazy liquidation and harvesting. Last night, Ethereum hit a low of around 2400, which is a small profit wave. Bitcoin is just at 68800. When it hit the stop-loss, Bitcoin is now at 71200, and Ethereum at 2500 seems to be stabilizing as well. All the short positions have been washed out. Up and down, can you hold on? This wave of Bitcoin has only made a profit of 2000 dollars with a drop, while Ethereum is under 200 dollars, with a drop of about 10%, but profits are over 30%. I have exited. This position has me stuck here; I dare not chase long, nor dare to enter short. Today's thoughts are written at the end. If you haven't followed yet, please help click to follow and like!
$BTC Bitcoin's pressure levels today: 71350, 71800, 72800, 73500, 74000. Support: 70800, 70000, 69500, 68800, 68000.
$ETH Ethereum pressure levels: around 2500. Whether it breaks or not is quite troublesome. I took profit at 2535, 2560, 2580-2600 area. Support below is 2465, 2435, around 2400.
Today's summary: If you can hold your hands steady, then just watch the show. I entered a short position in Bitcoin around 71200, with a stop-loss at 71800-72000, just a 1% stop-loss. For profit, let's first look around 70000; if it breaks, we'll see. Ethereum washed me out, so I won't re-enter. If you want to enter, do so around 2500 with a good stop-loss. In this market volatility, going all in is definitely a loss.