Bitcoin long and short strategy 0721

Freddy · 2023-07-21T08:54:45.000Z

$BTC As far as the current status is concerned, #BTC looks at it from several perspectives: The daily level, if viewed as shark, can be regarded as a completed form. It is currently falling. The falling shark target is near 28500, and this happens to be the neckline area of shark and an iconic support level. But it is also possible that the shark has not been completed yet, and it will take another upward wave to finally form. There is also a potential nen star pattern overlapped above, around 32500, which coincides with the natural rebound at the daily level. The high point is also a strong resistance level. MACD is falling. If it can generate another divergence, generate a high point, and complete the nenstar pattern, it seems to be a more confident transaction.

$BTC As for the current situation, #BTC from several perspectives:
At the daily level, if it is regarded as a shark, it can be regarded as a completed pattern. It is currently falling. The target position of the falling shark is around 28,500, which happens to be the neckline area of ​​the shark and a landmark support level.
But it is also possible that Shark has not yet been completed and needs to rush up again before it is finally formed. There is also a potential Nen Star pattern overlapping above, around 32500, which just coincides with the high point of the natural rebound at the daily level, which is also a strong resistance level. MACD is falling. If it can produce another divergence, produce a high point, and complete the Nen Star pattern, it seems to be a more secure transaction.
The 4H level seems to be able to draw a new box. Although the price is currently at the bottom of the box and has hit the bottom twice and is unable to rebound, the MACD seems to be slightly upward, which is not as bad as imagined. Overall, it is in a neutral state.
Cutting to the 1H level, although the price broke through the important 30280, it did not continue to hit the ultimate stop loss of the bears at 30450, and started a violent decline. It is currently suspected to have formed an upward bearish channel relay.
At 1H level
From the perspective of bulls, the best trading opportunity should be to fall below 29,400 again to hit the stop losses of all bulls and lure the bears into the market again. If it pulls up again immediately and then enters the long position on the right side, it will be the most perfect trade. It is not recommended to try for violent bulls because there is no reference position for stop loss below.
From the perspective of short sellers, although the market is falling, how much room can it fall before the short stop loss above 30450 is cleared? And shorting at the bottom of the consolidation zone? The profit and loss ratio is too bad. A good trade should be to wait for the short stop loss of 30450 to clear and then fall back below 30300 to enter a short order. The perfect trade for short sellers is still to wait for the pattern near 32000 and short at a high level. Violent short sellers can try to short on the left side near 30150, which is the high position of the gap filling and the obvious overlap of the support and resistance line. The stop loss is above 30500 and the first stop profit is 29500.
Trading has never been an easy thing. No one can predict the future. The important thing is to respond, constantly overturn your own conclusions and come up with new trading plans. This is also the fundamental reason why I provide long and short strategies simultaneously.
I don't like watching the market, I prefer the left side trading strategy, the trading strategy is time-sensitive, all comments do not constitute any investment advice, I wish you all good luck~#荣耀时刻 #崛起 