Trading in the cryptocurrency circle is a long-term plan, not something that can be achieved overnight, so do not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the direction chosen later is correct, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase your win rate. Investment is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, and timely summarize both gains and losses to deepen their understanding of risks and correct mindset planning. This is the only way to reasonably avoid risks and become a qualified investor.
Crypto Circle Mr. Coin: 11.22 Bitcoin (BTC) Market Analysis Reference
Bitcoin bulls have maintained strong momentum throughout the day, and the current price has successfully broken through the 98,000 mark as expected. The upward trend is quite good, and the market is slowly testing upward. The price is expected to test the 90,000 line; if it breaks through again, Bitcoin will break through historical highs once more. It is recommended that all cryptocurrency friends prepare in advance.
Looking at the short cycle hourly chart, the trend shows multiple consecutive gains, the MACD histogram continues to stay in the positive area, and the DIF line has crossed above the DEA line. EMA7, EMA30, and EMA120 are all diverging upwards, with short-term moving averages above long-term moving averages, supporting the current upward trend. Bullish sentiment is relatively strong, the upper space is gradually being opened up, and if the market builds a bottom at the 98000 position, there may be signs of another attack; conversely, there may be a possibility of a pullback to the lower support. Overall, the market is inclined to move upwards, and it is recommended to focus on long positions during pullbacks.
11.22 Bitcoin Short-term Reference:
For more real-time trading strategies, online technical learning, solving positions, etc., you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the add method: the first ten each day can receive free position-solving strategies.
Long Position: 96500-97500 range long, defend at 95000 for added position, stop loss at 95000, target above 98500,
Short Position: 99800-101000 range short, target 500-800 points, defend at 101800 for added position, stop loss at 300
There may be delays in sending, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment is on the market, be sure to manage your profits and losses well and secure your earnings.
11.22 Ethereum Short-term Reference:
Short Position: 3440-3400 short, defend at 3550 for added position, stop loss: 3600 target below 3350,
Long position focus on the 2200-2160 range, stop loss 50 points, target above 3060,
There may be delays in sending, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment is on the market, be sure to manage your profits and losses well and secure your earnings.
For more real-time trades daily, you can follow my public account to get it. You can learn technical analysis online, solve positions, and exit. I have been researching the market for many years, studying the major trends in the cryptocurrency circle, and have studied in depth mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.
This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents only his views. There may be delays in sending the article, and risks are borne by the reader. Please manage your positions reasonably while trading; do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and stay strong. In the depths of time, hold a piece of understanding. In investment, one must learn to be optimistic. Do not let your future self dislike your present self. We are truly living, but not every piece of data revealed needs to be taken too seriously. Let the past be the past and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to go at any time. Keep it up!
—— This article is written by Mr. Coin in the cryptocurrency circle, and plagiarism is rejected, respecting originality!
