Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so don’t rush into it. Even if there is a loss in the short term, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, what has passed away will eventually return again. However, you must pay attention to the timing of making orders and the current market trends, so that the winning rate will increase. At the same time, investment is also a process of growth. Mr. Coin recommends that all coin friends should learn while operating, and make timely self-summaries of profits and losses, deepen their understanding of risks, and have the correct mentality planning, so that they can reasonably avoid risks and become a qualified investor.
Mr. Coin in the Coin Circle: 11.15 Bitcoin (BTC) market analysis reference
Bitcoin fell back to 87,500 yesterday, and the bullish sentiment eased, and the price rebounded at the support of 87,500. So far, the trend has returned to the area above 89,000, the bullish sentiment weakened, and the market entered a high consolidation again.
From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient and the trend did not stabilize upward. At present, it is retreating to the lower support again, and the low position is 87,500. If the price cannot continue to rebound and stabilize above 90,000, it is expected that the shock consolidation will continue for a while.
Looking at the short-term hourly chart, MACD: In the 4-hour cycle, DIF and DEA are close to the zero axis, and the MACD histogram turns from positive to negative. The bullish momentum has weakened and it is possible to enter an adjustment phase. The current price is hovering around EMA7 (89580). If the price cannot stabilize this moving average, it may further test the support of EMA30 (85884). At present, the price is under pressure and is running in the middle track area. The short-term middle track support is at 88600. If it can stabilize in the future, the price is expected to return to above 90,000 again. On the contrary, if multiple attempts fail to form an effective stabilization, it is expected that the price will retreat to the EMA30 support area in the future. In terms of operation, it is recommended to buy more at a low price.
11.15 Bitcoin short-term reference:
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Long order, long in the range of 85500-86000, defense at 84500, stop loss at 83800, target above 88000,
Short order, try short with a light position in the range of 89500-90000, target 500-1000 points, defense 91500, stop loss 500 points,
11.15 Ethereum short-term reference:
Long order: 2941-2900 range, defense 2800, stop loss: 2780, target above 3000,
Short order: short in the range of 3200-3240, stop loss 30 points, target 50-100 points,
There is a delay in sending the chapter. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag.
For more real-time orders every day, you can follow my public account and get my name. You can learn online trading techniques, get out of the market, etc. I have been studying the market for many years, studying the general trend of the currency circle, and studying in the United States for many times. I mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who don’t know how to operate, welcome to study together.
The content of this article is exclusively shared by Mr. Bi in the currency circle. It only represents Mr. Bi's exclusive views. There is a delay in sending the article. Risks are borne by the user. When placing orders, control the positions reasonably. Do not operate with heavy or full positions. Mr. Bi hopes that all fans and friends can achieve financial freedom, move forward together, and cheer together. Deep in time, hold a light understanding. You must learn to be optimistic in investment. Don't let your future self hate your present self. We live in reality, but not every data needs to be taken seriously after it is revealed. Let the past go, and let the future come quickly! Rest yourself, sharpen your weapons, and be ready to go at any time. Come on!
——This article was written by Mr. Coin from the Coin Circle. Please refuse to plagiarize and respect the originality!
