$XRP The bull market terminator has pulled up the market. Is 93300 the highest point of this round? Can ETH still make up for the rise?
$BTC From the short-term chart, if 93300 is the high point of this round, we can see from the 15-minute chart that it is currently in the second round of decline. Generally, there will be 3 stages of decline. Now it is in the second stage, so be cautious to buy the bottom and go long. From the chart, 93300 is the top. After reaching this position, a large number of profit-taking orders were sold out and directly hit 88000. This directly hit 5300 dollars. You can imagine how many whales fled. Then it was pulled up by market sentiment. Note: This is the Asian session taking over. And the profit-taking orders are Wall Street fleeing. Let's take a closer look at the market. After the price dropped from 93300 to 88000, it rebounded only to 91600 and then continued to pull back. Last night, it fell to 91600, which was a rapid rise. This was the main force's behavior of inducing more buying. If the main force really wants to pull up, they all hope that the price will be as cheap as possible instead of sweeping all the high-priced chips in the market. From the trend point of view, after falling from 93300, the lows of each round are getting lower and lower, first 88000-87500-86600, which is called the downward shift of the center of gravity, and the highs are also lower 93300-91600-89600, which is called the downward expansion pattern. Next, our operation method is: BTC: 89000 layout 10 times short position 2% position 91000 3% position 5% of the total position stop profit position 1:85000 stop profit position 2:82000 stop loss position 93300
$ETH I believe many people are waiting for Ethereum to rebound, right? This reminds me of the losses and scams I have suffered before. In July, I went long on BTC. At that time, BTC reached 70,000 and Ethereum was still at 3400. At that time, I sold BTC at 70,000 and exchanged all positions for ETH. At that time, I thought in my heart that we should compare the exchange rate with the previous high prices of the two. Then Ethereum should be able to reach 3700 for 70,000 Bitcoin. Then I exchanged all positions for Ethereum. I believe that many people did this, but the dog dealer of Ethereum is really too dog. You all thought it would rebound, but it didn’t rise and fell all the way to 2000. How many people will be harvested? I am also one of the contributors. During the big drop on August 5, Ethereum fell 30% in one hour, so my position was liquidated.So I would like to advise everyone not to put all your hopes on Ethereum.