Today is Monday. Let's analyze the market situation in the past two weeks.
Has BTC/ETH bottomed out or will it continue to fall?
From the weekly chart, Ethereum will have a second technical test and then start to stretch rapidly.
A surprise from the Federal Reserve began to move above the head and shoulders bottom on a weekly basis and returned to the first position of 2800~3100
The weekly gap is between 19000 and 2000, and the stop loss is set at 1800, so we can place orders in advance and be ready.
Be prepared to go north. Ethereum still has 13% to fall. Fill the large gap. Stop loss position is 1653~1555
Back to the big cake, wait until a weekly level of the downward channel is completed, the gap is around 50835 and the layout can be made.
Long positions began to move northward after the rebound, and the stop loss was set at 48782.
Everyone knows that if the price of Bitcoin drops by one point, the price of the copycat will double. This week's trend is still short-term and long-term. The short-term trend is mainly short-selling at highs. After the bottom is built,
Go long directly, take a long line, and also take advantage of the market trend.
The mistake of ETH a few days ago was that I saw the right shoulder of the head and shoulders bottom at the 4h level, and it did not start to reverse. I started to be bearish at the end of August, and I didn’t know it would fall to
When Ethereum still had key support levels for Bitcoin, I thought it would take a wash and a reversal before it could really fall, and then it would directly pull up the market in conjunction with the interest rate cut.
I missed a wave of market and suffered a lot. I must be steady when opening orders recently and protect my bullets. I got them all back in September.
