Christmas Eve and Christmas Day, is the market really calm, or has it experienced a big storm last night? At the critical moment, everyone began to show their cards, otherwise I don’t know what to do later!
This is the first time I have stopped shorting ETH in six consecutive days. I reminded everyone yesterday that you can start building positions around 3200. This price is really cost-effective. Even if everyone knows that ETH at 3000 is very cheap, they will buy it, but many people still won’t choose BTC, because BTC is really not cost-effective now!
So will it be more difficult for ETH to rise? The answer is yes. Although ETH around 3000 is cheap, it requires more patience to hold, and the position should not be too high! Because from the weekly level, no matter how it rises, there is still room for decline later. This is a high-probability event, but the small probability cannot be ignored, so we choose a low-risk strategy to obtain a larger range of profits, which is right!
So for the ETH contract short position layout, we can try low-long first, because there will be a rebound when the daily line returns to the zero axis as mentioned last night, and we can certainly catch this rebound! Why not short now for the time being? There are two reasons. First, the 5-7 day moving average of the daily line is very strong and has been running in the upper area! Second, there are signs of golden cross on the daily line, so there is not much room for shorting. As I said yesterday, friends who believe that ETH will rise to 4000+ can make some preparations now!
BTC's adjustment does not seem to be completely over yet, mainly because the 4-hour Bollinger Bands cannot attack upwards and have been in the lower channel. It is difficult to break through the middle track without breaking. The second exploration of the 4-hour level looks okay, but there is no strong upward attack, which means that the trading volume is not enough. After all, ETF data shows that the purchase volume of Ethereum is much larger than that of Bitcoin, reaching 126 million US dollars!
So ETH may be stronger next, and BTC is relatively weak, which is normal, after all, the trading volume is there.
Now the market has pulled back across the board, and the market has exploded! In this situation, it is most suitable to lay out ambush potential altcoins! I have carefully selected a currency that is expected to be 2-3 times in the short term and 5-10 times in the long term. Leave a message + like, share for free!
