Summary of today’s thoughts (10.18)

1. Good afternoon everyone, I am your old Beibi. I believe that the sideways traders in the past two days are as bored as me. Even if we are bored, it is best to avoid swing trading because the swings can be easily broken, resulting in a higher probability of losses against orders. If there is no market, we should watch more and move less. Gouzhuang is good at weak tactics. When we all relax our vigilance, big fluctuations will definitely come, so we have to plan in advance. Let’s talk about the trends.

2. Regarding the big pie, it rose slightly last night. Structurally speaking, it replaced the decline with a sideways trend. It is necessary to pay attention to the double needle top of the big pie and the obvious double top pattern of the Bollinger Track. This means that there is a high probability that there will be a 1h level rapid rise today. If it cannot break through 7w, then there is a high probability that it will stay near 69. Personally, I am more optimistic about staying near 69. Today is Black Friday. Everyone, today’s closing determines the trend of next week. Judging from the weekly k, it has indeed broken through the downward channel. This root has the highest k in the week. No matter where the point hits, there will be a large-scale retracement next week. In the long term, I am optimistic that the market will break new highs, but in the short term, I am more optimistic that it will retrace its steps near 65 or there will be a long shadow with heavy volume and a long lower shadow. Judging that the buying volume below is still sufficient, let’s talk about the points.

3. The short orders of the big pie are mainly based on the entry of pins, the distribution of one pin and the end of the uptrend to retain people. The previous pin high is 7w. This place is a heavy pressure level of 6.8w. This position has gradually stabilized, which means that Gouzhuang has a high probability. Use the hands of retail investors to reach the position of 6.9. If 7w is directly broken, we must stop the loss immediately and exit. The defense must be placed at the previous high and a little higher. The range of 68900-69500 ​​is used to intervene in the short order and not be beaten in this wave of entry. If you can hold it, it will be 3000 profit + Ethereum family members reminded me that I will make up for the increase. I have also seen it. Later I will share the ideas and positions of Ethereum. Everyone first places the order for the big pie on DJ! 😎$BTC $ETH