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Ethereum ETH bottoms out and is about to surge
Analysis of ETH's large-scale trend in October
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
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Is the Old Horse named token MASK about to take off?
Market analysis on October 27.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
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Important reminder for long-term long orders of Ethereum: In the past two years, we have successfully carried out three long-term operations of ETH, with a profit of more than 120%. We can proudly say that we have accurately grasped every round of large-scale market trends.
If you miss the opportunity to layout spot at 2200, don't worry, there will be a second layout opportunity soon. At present, the weekly line of Ethereum has completed a breakthrough and entered a new channel range. When this round of retracement steps on the lower edge of the channel at 2800, as long as it does not fall into the 2200-2800 oscillation range, it is expected to hit the previous high of 3800 in the future. After breaking through 3800, it can look at the ultimate target of around 5300.
Summary: The long-term long orders of ETH laid out at 2200 in the early stage can continue to be held. This round of retracement steps on the weekly line to break through the key resistance line near 2800, you can consider going long. If this round of retracement steps on the daily line does not actually break, the second round of bottoming and pulling up will be started, with a target of 3800-5300. It should be made clear that the long-term holding period will not be too short, and everyone should do a good job of management and planning.
The above views are for reference only. Thank you for your recognition and attention, and I wish everyone can make a fortune! I also hope that everyone will "strike iron" to support $ETH
If you miss the opportunity to layout spot at 2200, don't worry, there will be a second layout opportunity soon. At present, the weekly line of Ethereum has completed a breakthrough and entered a new channel range. When this round of retracement steps on the lower edge of the channel at 2800, as long as it does not fall into the 2200-2800 oscillation range, it is expected to hit the previous high of 3800 in the future. After breaking through 3800, it can look at the ultimate target of around 5300.
Summary: The long-term long orders of ETH laid out at 2200 in the early stage can continue to be held. This round of retracement steps on the weekly line to break through the key resistance line near 2800, you can consider going long. If this round of retracement steps on the daily line does not actually break, the second round of bottoming and pulling up will be started, with a target of 3800-5300. It should be made clear that the long-term holding period will not be too short, and everyone should do a good job of management and planning.
The above views are for reference only. Thank you for your recognition and attention, and I wish everyone can make a fortune! I also hope that everyone will "strike iron" to support $ETH
Ethereum ETH bottoms out and is about to surge
Analysis of ETH's large-scale trend in October
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
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Wright said he would try a few points first $LTC
Ethereum is the leader of altcoins, and the old altcoins are ready to go. Weekly layout explanation
Ethereum can be called the "leader" of altcoins. It has completed the second round of breakthroughs. We have already made a 40% return in the long term and continue to hold the target of 5300. For details, please see the pinned post. We have now selected some altcoins that have not yet exploded on the weekly chart. From a technical point of view, they have great potential.
• MASK: It has been mentioned before that it has a head and shoulders bottom structure, and is basically fully circulated, with a total volume of only 100 million. The weekly target price is 5.3 - 6.5 - 10, and the ultimate target has a 250% increase.
• LTC: It was once the third largest cryptocurrency by market capitalization. Although its popularity has declined due to increased market saturation, it still has a high market capitalization and influence. The weekly target price is 110-150, and the ultimate target is a 90% increase.
• MASK: It has been mentioned before that it has a head and shoulders bottom structure, and is basically fully circulated, with a total volume of only 100 million. The weekly target price is 5.3 - 6.5 - 10, and the ultimate target has a 250% increase.
• LTC: It was once the third largest cryptocurrency by market capitalization. Although its popularity has declined due to increased market saturation, it still has a high market capitalization and influence. The weekly target price is 110-150, and the ultimate target is a 90% increase.
See original
Ethereum is the leader of altcoins, and the old altcoins are ready to go. Weekly layout explanation
Ethereum can be called the "leader" of altcoins. It has completed the second round of breakthroughs. We have already made a 40% return in the long term and continue to hold the target of 5300. For details, please see the pinned post. We have now selected some altcoins that have not yet exploded on the weekly chart. From a technical point of view, they have great potential.
• MASK: It has been mentioned before that it has a head and shoulders bottom structure, and is basically fully circulated, with a total volume of only 100 million. The weekly target price is 5.3 - 6.5 - 10, and the ultimate target has a 250% increase.
• LTC: It was once the third largest cryptocurrency by market capitalization. Although its popularity has declined due to increased market saturation, it still has a high market capitalization and influence. The weekly target price is 110-150, and the ultimate target is a 90% increase.
• MASK: It has been mentioned before that it has a head and shoulders bottom structure, and is basically fully circulated, with a total volume of only 100 million. The weekly target price is 5.3 - 6.5 - 10, and the ultimate target has a 250% increase.
• LTC: It was once the third largest cryptocurrency by market capitalization. Although its popularity has declined due to increased market saturation, it still has a high market capitalization and influence. The weekly target price is 110-150, and the ultimate target is a 90% increase.
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ETH is preparing to reach 5300, is there a chance?
To be honest, compared to short-term trading, long-term trends are indeed more reliable. Rather than frequently making trades, it's better to hold onto long-term positions, enjoy meals, and live life comfortably and easily $ETH
To be honest, compared to short-term trading, long-term trends are indeed more reliable. Rather than frequently making trades, it's better to hold onto long-term positions, enjoy meals, and live life comfortably and easily $ETH
Ethereum ETH bottoms out and is about to surge
Analysis of ETH's large-scale trend in October
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
Hello everyone, I’m Guitar. Today we’re going to talk mainly about the macro-market of ETH and share my personal views for reference only!
Old fans who follow me know that last October we did two rounds of large-scale spot market on ETH at 1500~2300 and 2200~3500, which are recorded in the picture.
In May this year, I was also one of the first bloggers to look from 3800 to 2100. As shown in the picture, I will share my personal spot logic. You can focus on the key support of 2100 on the weekly line.
First, let's look at the ETH weekly chart. As shown in the figure below, we can see that there has been a key weekly support line since 22 years ago. Everyone knows that the pressure level will turn into support after it is broken. So we arranged a round of spot at the key support level of 1500 in October last year. After the breakthrough of round A and the bottoming of round B, we arranged a second round of spot, which led to a new round of rising market C. This is probably the logic of the spot layout of 1500~3500 last year.
See original
Old babies, have a good rest this weekend. ETH has currently broken through the weekly trend resistance level. Please refer to the pinned post. The resistance levels above are 3020 and 3230. For those who missed the spot earlier, the follow-up pullback can be monitored around 2780. See you next week, and have a great weekend everyone 😘
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Good afternoon, everyone! Let's talk about the current market today.
Ethereum has been very strong in the past two days. The spot has made a profit of 20 points, but it is still some distance away from the target. You can continue to hold it according to the time point of 120 days (that is, 4 months), and look at 3200 first. If it breaks through, look at the previous high of 3900, and the farthest may reach 5300.
Let's talk about BTC. The current position was mentioned yesterday. If it does not break through 77300, it is still expected to be a callback. However, there is a high probability that it will rush up at the 15-minute level today, probably to 75500 or 76000.
Today, those who want to short LTC can place orders around 71.4. This round of pull-up has a divergence at the one-hour level, and it has not been resolved yet. The target can be seen as a callback of about 5 points, about 68. Around 68, you can place a four-hour long order and see 74, 83$BTC $ETH $LTC
That’s all for today, respect!
Ethereum has been very strong in the past two days. The spot has made a profit of 20 points, but it is still some distance away from the target. You can continue to hold it according to the time point of 120 days (that is, 4 months), and look at 3200 first. If it breaks through, look at the previous high of 3900, and the farthest may reach 5300.
Let's talk about BTC. The current position was mentioned yesterday. If it does not break through 77300, it is still expected to be a callback. However, there is a high probability that it will rush up at the 15-minute level today, probably to 75500 or 76000.
Today, those who want to short LTC can place orders around 71.4. This round of pull-up has a divergence at the one-hour level, and it has not been resolved yet. The target can be seen as a callback of about 5 points, about 68. Around 68, you can place a four-hour long order and see 74, 83$BTC $ETH $LTC
That’s all for today, respect!
See original
In my opinion, this round of Bitcoin's rise is more driven by news. From a human perspective, we are often easily influenced by short-term enthusiasm, but I firmly believe that the market will ultimately return to rationality.
I have decided to make one last short position at the daily level, with a stop loss at 77300 and targets at 65000 and 53000. I know this is a gamble, but isn't life about constantly challenging ourselves?
Wish me luck!
I have decided to make one last short position at the daily level, with a stop loss at 77300 and targets at 65000 and 53000. I know this is a gamble, but isn't life about constantly challenging ourselves?
Wish me luck!
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November 5th Market Analysis
Good evening, family! I'm Guitar. Today during the day, the main focus was on one-hour level rebounds. I had a bit of business during the day and just got home, so the post is a bit late, please forgive me.
1. BTC Analysis
Let's first take a look at BTC. Look at P1 chart, for BTC on the one-hour level, the first resistance level is between 69250 and 69350, the second resistance level is between 70900 and 71100, the first support level is 68100, and the second support level is 67200. During the day, the price just reached the first resistance level and then had a slight pullback.
Now looking at the 15-minute level, as seen in P2 chart, a divergence situation has appeared, and it is near the one-hour level resistance. Therefore, making a short position here down to the one-hour level support is relatively advantageous.
2. ETH Analysis
Next, let's look at ETH. The one-hour trend of ETH is very similar to BTC. Look at P3 chart, the resistance and support levels are marked clearly, and it is also in a one-hour rebound structure.
The situation at the 15-minute level is similar to BTC, and it can be considered to short at the one-hour level resistance down to the one-hour support level.
3. Daily Key Support
The key support level for BTC on the daily chart is 66500 and 65000. The key support level for ETH on the daily chart is 2330 and 2030.
To summarize, today one can consider shorting in the one-hour resistance range, for example, aiming for a pullback to 68000 or 67250, and ETH is similar. When news comes, it’s best to operate in the short term. Friends who want to make larger-level operations can aim for rebounds at the support levels.
This is just my personal opinion, for reference only. Everyone is welcome to follow and comment to discuss together, wishing everyone prosperity!
Good evening, family! I'm Guitar. Today during the day, the main focus was on one-hour level rebounds. I had a bit of business during the day and just got home, so the post is a bit late, please forgive me.
1. BTC Analysis
Let's first take a look at BTC. Look at P1 chart, for BTC on the one-hour level, the first resistance level is between 69250 and 69350, the second resistance level is between 70900 and 71100, the first support level is 68100, and the second support level is 67200. During the day, the price just reached the first resistance level and then had a slight pullback.
Now looking at the 15-minute level, as seen in P2 chart, a divergence situation has appeared, and it is near the one-hour level resistance. Therefore, making a short position here down to the one-hour level support is relatively advantageous.
2. ETH Analysis
Next, let's look at ETH. The one-hour trend of ETH is very similar to BTC. Look at P3 chart, the resistance and support levels are marked clearly, and it is also in a one-hour rebound structure.
The situation at the 15-minute level is similar to BTC, and it can be considered to short at the one-hour level resistance down to the one-hour support level.
3. Daily Key Support
The key support level for BTC on the daily chart is 66500 and 65000. The key support level for ETH on the daily chart is 2330 and 2030.
To summarize, today one can consider shorting in the one-hour resistance range, for example, aiming for a pullback to 68000 or 67250, and ETH is similar. When news comes, it’s best to operate in the short term. Friends who want to make larger-level operations can aim for rebounds at the support levels.
This is just my personal opinion, for reference only. Everyone is welcome to follow and comment to discuss together, wishing everyone prosperity!
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A comprehensive analysis of ETH's macro-trend in November. Will Ethereum make up for the losses?
Hello everyone! I am Guitar. I believe that many old friends who have been following me remember that in May this year, when the price of Ethereum was at a high of 3800, almost the entire network was filled with an optimistic and bullish atmosphere, but I relied on my many years of trading experience and technical analysis to boldly predict that the price of Ethereum would fall all the way to 2100.
Now, the price has really reached the range starting with 2 as I expected. So today, I, who is affectionately called "Investment Zhuge", want to share with you my personal views on the future of Ethereum through the analysis of technical trends. I sincerely hope to provide some valuable references for you in your subsequent investment decisions.
Now, the price has really reached the range starting with 2 as I expected. So today, I, who is affectionately called "Investment Zhuge", want to share with you my personal views on the future of Ethereum through the analysis of technical trends. I sincerely hope to provide some valuable references for you in your subsequent investment decisions.
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Good evening, everyone! The market this weekend feels like it's asleep, and it's a great opportunity for us to take a good rest.
As soon as I got back to Chongqing, my blood lipids shot up again. While you're watching the market, don't forget to take care of your health! I'll update you all later with a video full of useful information. Everyone, keep 'forging' and our iron fan group will occasionally share some benefits, so stay tuned! 😎$BTC $ETH $SOL
As soon as I got back to Chongqing, my blood lipids shot up again. While you're watching the market, don't forget to take care of your health! I'll update you all later with a video full of useful information. Everyone, keep 'forging' and our iron fan group will occasionally share some benefits, so stay tuned! 😎$BTC $ETH $SOL
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Analysis of BTC order points on October 30
Hello everyone, I am Guitar. I haven't analyzed $BTC in the past few days because there are not very good conditions for opening orders. There is no large-scale retracement confirmation for chasing long positions. If you are shorting, MACD is still increasing. There are many friends who trust me. I don't open orders myself so I won't share them randomly. We are comrades-in-arms fighting against the financial market together. We make money together and bear the losses together. Okay, no more nonsense, let's get to the point
1. First of all, from the four-hour candlestick chart (p1), the MACD column continues to increase in volume, and no divergence has occurred yet. Obviously, it is inappropriate to intervene in short orders through 4 hours.
1. First of all, from the four-hour candlestick chart (p1), the MACD column continues to increase in volume, and no divergence has occurred yet. Obviously, it is inappropriate to intervene in short orders through 4 hours.
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Attention family members in the car, if the head and shoulders pattern breaks and stabilizes at 2.9, then the next targets are 4.2, 6, and gradually reduce positions at $MASK
For those who haven't gotten on board, don't rush, avoid chasing highs and selling lows, there are many opportunities in the crypto world, trading is a long-term compounding process
Irregular free sharing, feel free to follow, leave a message to discuss, wishing all bosses prosperity!
For those who haven't gotten on board, don't rush, avoid chasing highs and selling lows, there are many opportunities in the crypto world, trading is a long-term compounding process
Irregular free sharing, feel free to follow, leave a message to discuss, wishing all bosses prosperity!
Is the Old Horse named token MASK about to take off?
Market analysis on October 27.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
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Polar reversal, family members sit tight and hold on, up dj$MASK 🚀
Is the Old Horse named token MASK about to take off?
Market analysis on October 27.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
Hello everyone, I am Guitar. Today we analyze a token named after Old Horse.
This token is basically fully circulating, with a total supply of only 100 million. Currently, the market value is only over 200 million, so the technical aspect still has certain reference value.
1. As shown in the chart (P1), this is the three-day chart of Mask. We can see that the price continues to make new lows, while the MACD momentum indicator's energy bars are rising, indicating that the trend is beginning to strengthen and is likely to stop falling. We also call this a bottom divergence.
2. In August, the price broke below 2, but quickly recovered and continued to stay above 2. We also call this a head and shoulders bottom structure, and currently, it is just at the second buy point of the head and shoulders bottom. Generally, the win rate for going long in this structure is relatively high.
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Analysis of October 29th
Hello, family members. I’m Guitar. It’s actually hard to tell whether BTC is at the top or halfway up the mountain at this point. I’ve been sharing for a few years. Every time I stop loss, I feel very frustrated. It takes a lot of time to review and optimize trading strategies. Many of the strategies I shared before rarely lose. At the highest point, I won more than ten games in a row. When we made money, we enjoyed it together in the group. I know a lot of family members who trust me. We are more like comrades-in-arms who fight side by side with real money to fight against the financial market. Every time I share, it affects more than one or two people, so I’m under a lot of pressure. There is no clear signal yet. Today, I will simply talk about the key long and short positions and will not provide long and short suggestions.
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Summary of Profits and Losses from Public Trading Strategies in the Last Ten Days🗒️ (10.15-10.25)
Let's see if there's a market trend you have followed🫢 Mostly hourly trend trades📈
Note: The key to successful swing trading is confidence in your strategy; be bold in making judgments and stick to your own decisions. If swing traders cannot execute their trading plans, then no matter how strong their analytical skills are, it is meaningless. Do not let fear of missing out, regret, impulsiveness, fear, or anxiety affect your trading decisions $BTC $ETH $LTC
Let's see if there's a market trend you have followed🫢 Mostly hourly trend trades📈
Note: The key to successful swing trading is confidence in your strategy; be bold in making judgments and stick to your own decisions. If swing traders cannot execute their trading plans, then no matter how strong their analytical skills are, it is meaningless. Do not let fear of missing out, regret, impulsiveness, fear, or anxiety affect your trading decisions $BTC $ETH $LTC
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Hello everyone, I am Guitar. Today we will continue with the previous viewpoint. I personally believe that chasing long positions in the short term here is a very irrational behavior. Why?
$BTC
1. First, from the perspective of risk-reward ratio, as shown in the chart (p1), the 12-hour candlestick chart indicates that BTC is currently at the top of the consolidation range since March. It is obviously very reasonable to position for a short here. If positioning for a long, the stop loss would need to be at least below the 64500 consolidation center line. The current price is 68500, and looking up at 70000 to 72000 all belong to historical tops, where selling pressure is very significant. Clearly, this risk-reward ratio is not suitable.
2. Similarly, looking at (p2), the 12-hour candlestick chart shows that around 64500 is the consolidation center. According to past experience, if a significant rise is to occur, it usually requires at least a pullback to the key support level of the previous breakout high. Clearly, yesterday's pullback did not achieve this. Throughout this round of rise, I believe the probability of forming a double top is quite high.
3. If one wants to enter long, I believe it is better to wait for a breakout and pullback after reaching 72000, or the 64500 consolidation center line, or even down to around 60000. If not able to enter, just patiently wait. There are many opportunities in the crypto world; do not let fear of missing out, regret, impulsiveness, fear, or anxiety affect trading decisions.
Summary: As long as the current position has not broken through, it can still be understood as the consolidation range since March. Today's suggestion is still to wait until it breaks 70500. Above 68000, one can enter shorts in batches, looking down to 64500, with a pattern target of 60000.
Sharing irregularly every day. The above is my personal view, for reference only. If you have any questions, feel free to leave comments for discussion. Wishing everyone prosperity.
$BTC
1. First, from the perspective of risk-reward ratio, as shown in the chart (p1), the 12-hour candlestick chart indicates that BTC is currently at the top of the consolidation range since March. It is obviously very reasonable to position for a short here. If positioning for a long, the stop loss would need to be at least below the 64500 consolidation center line. The current price is 68500, and looking up at 70000 to 72000 all belong to historical tops, where selling pressure is very significant. Clearly, this risk-reward ratio is not suitable.
2. Similarly, looking at (p2), the 12-hour candlestick chart shows that around 64500 is the consolidation center. According to past experience, if a significant rise is to occur, it usually requires at least a pullback to the key support level of the previous breakout high. Clearly, yesterday's pullback did not achieve this. Throughout this round of rise, I believe the probability of forming a double top is quite high.
3. If one wants to enter long, I believe it is better to wait for a breakout and pullback after reaching 72000, or the 64500 consolidation center line, or even down to around 60000. If not able to enter, just patiently wait. There are many opportunities in the crypto world; do not let fear of missing out, regret, impulsiveness, fear, or anxiety affect trading decisions.
Summary: As long as the current position has not broken through, it can still be understood as the consolidation range since March. Today's suggestion is still to wait until it breaks 70500. Above 68000, one can enter shorts in batches, looking down to 64500, with a pattern target of 60000.
Sharing irregularly every day. The above is my personal view, for reference only. If you have any questions, feel free to leave comments for discussion. Wishing everyone prosperity.
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The type of trend that perfectly meets expectations, about to reach the first target at $LTC
October 24th Analysis
Good morning, everyone. Today we are discussing a cryptocurrency with a very high win rate, LTC. Currently, it has formed a good condition for going long, so those interested can give it a try.
1. First, let's take a look at the daily chart (P1). Last night it just happened to retest the previous daily breakout high. As marked in the chart, this position has very strong support.
2. Next, let's look at the hourly chart, as shown in P2. The MACD is continuously diverging, which indicates a change in the strength of the trend at this point. With buying pressure continuing to increase, the probability of a subsequent stabilization and rebound is very high.
3. So what positions can we see? Personally, I believe that the hourly line can reach at least the range of 71.9 to 73, and it can potentially go as far as 81.
Summary: After the pullback, the range of 69.4 to 68.6 can be a double bottom structure to consider going long. If it breaks the previous daily breakout point, exit the position. The target can be set to look up to 71.9 to 73, with a pattern reaching 81.
The above is my personal opinion, for reference only. If you have any questions, feel free to leave comments for discussion. Wishing everyone prosperity $LTC
Good morning, everyone. Today we are discussing a cryptocurrency with a very high win rate, LTC. Currently, it has formed a good condition for going long, so those interested can give it a try.
1. First, let's take a look at the daily chart (P1). Last night it just happened to retest the previous daily breakout high. As marked in the chart, this position has very strong support.
2. Next, let's look at the hourly chart, as shown in P2. The MACD is continuously diverging, which indicates a change in the strength of the trend at this point. With buying pressure continuing to increase, the probability of a subsequent stabilization and rebound is very high.
3. So what positions can we see? Personally, I believe that the hourly line can reach at least the range of 71.9 to 73, and it can potentially go as far as 81.
Summary: After the pullback, the range of 69.4 to 68.6 can be a double bottom structure to consider going long. If it breaks the previous daily breakout point, exit the position. The target can be set to look up to 71.9 to 73, with a pattern reaching 81.
The above is my personal opinion, for reference only. If you have any questions, feel free to leave comments for discussion. Wishing everyone prosperity $LTC
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