The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading strategy that belongs to you, continuously optimizing and improving it. Although the advice from scholars in the cryptocurrency world may not make you rich overnight, it can ensure your continued presence. Only those who can survive in the cryptocurrency world for the long term and persist until the end can achieve the results they desire. I hope you can understand this.
I am a scholar in the cryptocurrency world, a warrior who has been protecting retail investors. I wish my fans to achieve financial freedom in 2024, let’s work hard together!
Scholar in the cryptocurrency world: 2024.11.23 latest Bitcoin (BTC) market analysis.
The current price of Bitcoin is 99,100. It is now three o'clock in the morning Beijing time, and the price has broken the historical high again. With one more push, it could reach the 100,000 mark. Will there be a situation where we are so close yet so far? Currently, the greed index at the exchange has reached 94. I mentioned yesterday that the historical highest greed index is 95, and every time it reaches 95, liquidation occurs. This time, I do not expect any surprises. After the final push is kicked away, the market's greed index will reach 95 as expected. At that time, it will not be suitable for retail investors to participate. The best way is to watch from the sidelines and hold your chips a little tighter.
The current daily K-line has a high of 99,490 and a low of 97,140. The EMA15 trend support has come down to 89,200. The MACD volume has increased, pulling up, and the DIF and DEA continue the bullish trend. The upper Bollinger Band resistance has reached the 104,000 mark, while the middle band is still at 84,500. The larger trend remains bullish, and we should not speculate about where the top is. It may be better to wait for the trend to correct before primarily making long trades. After confirming the large trend, we can then look at the short-term trend.
The four-hour K-line is consolidating at a high level. The K-line has retraced to the EMA15 support at 97,100, with effective bullish defense at 95,000. This can be used as an entry point. The MACD volume has decreased, and the top divergence continues. The DIF and DEA are still in an upward expansion trend. Overall, based on conventional thinking, since the larger trend is bullish, we can understand that all short indicators can be qualitatively regarded as short-selling indicators under a bullish trend. After confirming the support, we can continue to lay out long positions.
Short-term strategy reference: The market is never 100% certain, so always set a stop-loss. Safety first, small losses can lead to big gains. The main strategy is to go long on retracements to support, with shorts as a supplement. Observe more and act less, and do not resist positions.
Short position between 10.2 and 10.3, stop loss at 500 points, target at 10.0 or 9.95, and if it breaks, look for 9.90 to 9.70.
Long position between 9.50 and 9.60, stop loss at 500 points, target at 9.70 to 9.80, and if it breaks, look for 9.90 to 10.0.
Specific operations should be based on real-time data from the exchange. For more information, please consult the author. There may be delays in article publication, and the suggestions are for reference only, with risks borne by the reader.
This article is exclusively contributed by a scholar in the cryptocurrency world and represents only the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only, with risks borne by the reader. Please indicate the source when reprinting. Control your position reasonably when trading, and do not use large or full positions. The scholar also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on where your own issues lie. Do not let the profits you should have in hand slip away. It is unnecessary to be smarter than the market. When a trend arises, respond and follow it. When there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards honesty, business rewards trust, industry rewards excellence, and art rewards sincerity. Gains and losses often occur unintentionally. Develop the habit of strictly setting stop-loss and take-profit for each trade. The scholar in the cryptocurrency world wishes you happy investing!
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