Pay attention to the entry signal of $FET

At the end of the convergence, the support level was tested today

Breaking through the upper boundary with large volume:
If the volume increases and breaks through the upper boundary, do a one-hand retracement. If the volume breaks through 2.2, place a one-hand retracement order near 2.1; the stop loss is about 1.85, and the retracement rate is 11.9%. If you think it is too large, then move the entry price down; the better entry opportunity is to wait for the education volume to shrink again

The main force of fet really likes convergence breakthroughs. It has been this way since the 1 yuan position. The winning rate of triangular breakthroughs will be higher

Retreat to the lower boundary
If it continues to converge, the price will test the support level again, then it depends on the demand for the support level. It is not recommended to enter the market. It is best to make an upward breakthrough.

Entry opportunity: supply and demand test of support level

After such a long period of decline, the market has tested the support level many times

Confirmation of support level: On the daily level, oversold prices will automatically rise and then continue to fall freely, expecting a surge in demand. If demand increases, then its bottom is considered a support level (demand at this position is very high)

For example, $ICP

1. The last oversold rebound is not used as a bottom support, because its supply is consumed after it comes down, and the natural supply and demand are unbalanced

2. The subsequent free fall does not involve the main force

3. After falling to the bottom, there is a strong demand to pull up the price, which requires great strength. (You can see the volume column that is pulled up. It is about the same as the previous volume column, but her kline goes up farther, indicating that the supply is at a disadvantage) This position is the position that the main force cares about, so our trading plan should be based on this point.
4. Another thing is that the trading volume is constantly decreasing, which means that fewer and fewer people are willing to trade at this position, and the main force will tend to move the price out of this range.

If it reaches the support level, the volume falls below the support, and the subsequent kline follows, then this entry opportunity will be abandoned.

If it reaches the support level, the volume is reduced, or it is quickly pulled back after a pin, then it can be entered. Enlarge the stop loss a little bit. Once this position is successfully tested, there is a lot of room to move up.

Just like today's wave (5M), the price fell rapidly, and then demand continued to appear. You can hang a short retracement after breaking the white line (previous high); if you find that the price falls back at the position where the red line cannot be reached (a callback is a healthier signal in the trend), you can then hang a retracement order near the red line, and the stop loss is placed below the support level (below the pin).

In the future, if you find that you have reached the support level, you can seek entry opportunities for supply and demand imbalances at a small level.

Stop loss and exit, this wave of market is really difficult to do; there is really no signal to enter the market recently

The market directly fell through the support line constructed by the vertical demand column last time; it fell through with large volume, which in turn confirmed that the last rise was just an automatic rise due to temporary supply exhaustion. The market fell through the ice line with large volume and came back to confirm, which is far from the intention of getting out of the falling range

Many small coins did not fall to new lows like BTC, but their positions are also relatively suspended, such as $FET , $NEO , $ICP . They did not go down to test the bottom of the automatic rise, and the upper pressure level could not be passed. At this time, whether shorting or longing, it is easy to be beaten by the main force

Stop it, Azu, wait a little longer

In the second phase, we will select coins based on basic technical aspects. Here it comes

The B to be licked in this phase is $CORE... It is not listed on Binance...

First, the fundamentals:
- The circulation rate is 42%, the first 25% is airdropped, and it will be unlocked within two years
- The current market value is 2 billion

Then the technical analysis:
- The bottom accumulation is still very obvious. The bottom volatility converged in September, but the trading volume is constantly increasing;

- Before the main force pulls, there is still a test, which is very cautious 😂 There is such a large demand at the bottom, it can't be pulled up by small retail investors

- At the current stage, it is still in the accumulation zone, but the main force already has a price advantage, and the cost is only about 0.3, which is almost ten times higher. It also indirectly confirms that the main force is not distressed at all during this wash, and all of them are floating chips

- But it is obvious that the main force's pattern is not just 10 times. It is not too much to estimate the price to 10 first, breaking a new high

Let's look at the recent performance
- A wave of JOC pulled up, skipped the shock zone in front, and then stepped back to confirm. It was originally confirmed, but the big brother fell so much that it had to follow the play and washed the price to the position before the jump. This wave was directly a bloodbath, and the chips were concentrated in the hands of the main force, and then pulled up again

. It is very similar to the $NEO mentioned above

- Then step back to the ice line again to make a test confirmation. If the test is successful, the market will not collapse, and the market is still very good

- This coin is still very good for long-term investment. At least it can see 10, which is also a 5-fold increase. However, the chips are relatively concentrated, and it may be painful in the middle.

- I am preparing to make a short-term support position, optimistic in the long term, try it in the short term, and feel the pressure brought by the dog dealer 😂; but this time it is actually pulled up by a gap at the daily level, and it may fall back deeply, and there is already a stop loss expectation. The main thing is that BTC has been tested twice, and it will not affect it much. This wave depends on how its main force washes

$CHZ $NEO Speaking of the bottom of the main force's accumulation zone, this is it

CHZ's supply in this wave of decline was converted by demand at the support level below. Who can have such great energy? Obviously, it is very comfortable for the main force to absorb funds at this position.

Another thing is that the expectation of the coin chz is very clear. The European Cup in June this year is superimposed on the Paris Olympics in July. As the top fan-written person, who else can do it?

By the way, the dealer of this coin was sucking money while pulling it up in the early stage. He was also very anxious. This time, the big brother finally took the lead in falling. It was so comfortable to take the opportunity to wash it. This coin is now bought with eyes closed, and it is stable when it lands at the Olympics.

NEO is the same. People just finished pulling the market and were ready to step back to test and confirm. As a result, the big brother fell so much that the main force would laugh in his dreams. He directly followed the trend and hit it back. The whole gap was tested. Then people were not vague and pulled it up directly.

In terms of fundamentals, it should still be hyping the Hong Kong concept. Hong Kong is not going to do ETFs. By then, this coin is expected to rise.

$BTC #大盘走势
After the oversold two days ago, the rebound that followed was more like a rebound without supply; and the current price is in the channel vacant position; the cost-effectiveness of entering the market is really not high

This week, BTC is more used as a reference for the market, mainly for other coins, looking for coins whose prices have fallen to the bottom of the main accumulation zone, or coins that the main force will not easily give up in the reluctance zone

BTC's entry plan this week has two positions:

1. After breaking through the 68,000 platform and standing firm, you can choose to enter the market, and place the stop profit below the upper 70,000 pressure level, and set a small stop loss

2. Fall to the bottom of 62,000 and begin to converge. At this time, you can also try with a small stop loss

As for other fluctuations between 62,000 and 68,000, I won't do it;

$ICP
It comes again and again, this time the opportunity is really good

At the weekly level, it is at the bottom of the spring. This time, the door-painting market is led by BTC on the one hand, and on the other hand, it also tests and washes the market. The overall structure is still very stable, and the support level ahead is very solid

1. Of course, we cannot completely believe that the price will not fall. What we should do is to have a way to deal with various market conditions. If this structure is really destroyed, then this coin cannot be traded in the short term

2. If this spring channel is stabilized and then converges at the bottom of the channel, then you can find an opportunity to enter. Set the stop loss a little smaller first. If the stop loss is hit, as long as the structure is not broken, you must always stick to the main force.

3. If it is repaired quickly and then rebounds, then follow the trend of the market and enter the market at a small level

I personally think that the second market is likely to be followed, repairing at the bottom for a period of time, and randomly starting with large volume

$ICP

$ICP
The order for picking up leaks was hit, and the stop loss has been set: 14.048
This wave depends on how the market moves

Take advantage of the two days off to launch a sneak attack and trap all the American ETFs 😂

The first pressure level is still at 15.5; if this platform can stand firm, then move to protect profits

$AVAX
Move my bargain hunting order down a little bit

Originally it was placed at the support level of 45, but the overall market always feels bad; the overall market's demand has been consumed, and it is a bit exhausted. If the overall market converges downward, it will most likely adjust to around 62,000

The main force of Avax will not give up the chips on this platform support easily

Move the order down again, but since it is a bargain hunting order, it is normal that it is unlikely to be picked up, so adjust your mentality

If you can't pick it up this time, wait until the supply line is out this time and the demand is stable before looking for opportunities

$ICP

Place a leak order, and see if it can be hit this time😂

After the last large-volume pull-up of ICP, each decline is more like the exhaustion of demand, that is, the main force did not participate. This time, the accelerated decline finally saw the demand, which shows that the main force still has some ideas for this previous high point.

Place an order near the support level and set the stop loss a little larger. If this is hit, look at the demand. If it is simply a hunting behavior, you still have to keep up; if the market collapses later, you can only stop

If you want to exit, see how the demand at the 17 position is. If you can't get through, you still have to find an opportunity to exit; if it stands firm at the 15 position, move the stop loss up to protect the principal

$ICP

Attracted by the increase of NEO

On the daily level, after the price converged, it broke through the pressure level ahead, jumped the stream, and then stepped back to the support level, the pressure became support, confirmed the completion, and continued to rise (I have to say that the main force is too cunning, the stepping back the day before yesterday followed the fall of BTC, and he just stepped back to confirm... It seems that the rise is also due to the failure of SOL and the congestion of ETH? The main force cooperated with this wave of news to pull the market)

There is no good entry opportunity in the short term, and the stepping back is also confirmed. Now the new price ratio is too low. It can be confirmed that there is a pressure level in the past. This 20-30 is estimated to be oscillating.

This 4h stepping back to consume supply is also absolutely awesome, awesome, big head presented

$NEO

$ACH

Many coins are currently converging. They fell with the decline of BTC, but when BTC rebounded, they did not rise much

This coin has been running in this range for nearly a month, and the volume is gradually converging. There is no pressure point above in history

This coin likes to test with a pin, which is also a habitual mistake. Although it has been tested when the previous platform took off in the early stage

But it is also very likely to test the previous platform again

1. You can make some leak orders on the 0.025 platform. If it is hit, it is very attractive. The stop loss is placed below 0.02, and the stop loss is enlarged to sacrifice a little odds

2. The triangle converges and breaks through with large volume. Waiting for the opportunity to step back and confirm the entry. The first pressure point is 0.4. If it breaks through smoothly, the stop loss can be moved to protect the principal

BTC market deduction (4.11)
Convergence has come to the end
Yesterday's false breakthrough was due to weak demand, which then fell back; however, a pin was inserted at the support level of 68,000, and demand appeared; the supply was converted, and then the price rebounded

At the 4h level, the price has gone out of the falling supply line. Pay attention to the performance of demand and whether the subsequent retracement is weak demand;

The test of the main force has been completed this time, converging at the end, and the test is completed, and the storm is coming

1. The trading plan after the triangle convergence and large-volume breakthrough is relatively conservative, follow the trend, and wait for the demand to dominate the market, and then enter the market at a small level

2. Do a retracement at the support level, waiting for a retracement at the position of 68,000, but this position is relatively suspended, and it is not easy to stop loss. Another reason is that the main force has been tested and it is likely that it will not test this position again

3. The horizontal pressure level breakthrough, the position of 71,000, today's high-level retracement is confirmed, the demand is already strong, and it can hit 71,000 and stand firm, so you can try it. Stop loss is smaller, and the winning rate is sacrificed

Personally, I prefer to do the first triangle convergence, which is more stable and less risky

#Wyckoff  #BTC  #btcmarketanalysis  #大盘走势