Analyst Chen Shu: Bitcoin and Ethereum market strategy No. 1 at noon on November 18, narrow fluctuations at high levels, pay attention to the gains and losses of the 90,000 integer mark
The analysis at noon on November 17 gave a long order idea. Bitcoin gave 8.95/8.88 long orders, and Ethereum gave a 3200-3050 range strategy. The point prediction was accurate, basically consistent with the analysis in yesterday’s article. Please see the following analysis for how to maintain a high and narrow range of fluctuations in the short term.
Judging from the daily chart of Bitcoin, the market fluctuations over the past two days did not show any obvious trend. Yesterday, a negative K-line with small upper and lower shadows was again collected. The price remained above the daily MA5-day moving average, and this line is the key support for the short-term support. If the daily MA5-day moving average is broken, the price will continue to pull back to the 8.7 line. Looking at the 4-hour chart, the weekend price always remained above the MA30-day moving average. This line of support is at 90,000 US dollars. In the short term, you can focus on the gains and losses of this line, which can be regarded as a short-term watershed between long and short positions. If it holds, it will continue to fluctuate at a high level. Otherwise, it will pull back to the 8.7 line and you can just wait and see how the market changes.
Judging from the daily chart, the price of Ethereum is still oscillating and adjusting above the daily MA256 moving average. The rebound strength is limited. The strength of the rebound continues to be suppressed by the 4-hour MA30 moving average. If it falls below the daily MA256 moving average (3050) again, the trend will turn into a correction trend again. At present, it is likely to fall below this line in the future.
Lunchtime operation ideas (writing time: 13:30):
BTC: In the 9.15-9.2 range, you can consider shorting with a light position and look for a retracement of 1-2000 points. For long orders, you can go long with a light position around 90,000 and increase your position at 8.93. The stop loss is 1000 points after the average price, and the target is around 92,000.
ETH: short at 3130-60, target 3050, reduce position if break, hold and look below 3000
Note: Bitcoin is currently fluctuating at a short-term high level. The support point will focus on the gains and losses of the 90,000 US dollar integer mark. For Ethereum, focus on the breakthrough of the high point of 3160 and the breakthrough of 3050. In the evening, pay attention to whether the trend of the U.S. stock market will lead to a simultaneous decline in the price of the currency circle.
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