The LTC exchange rate has been bottoming out and rebounding for a while. At this stage, it is just in the daily middle track and fluctuating. At this time, it can be judged as a sign of trading. It is necessary to make a trading plan and open a position in advance. The exchange rate chart is as follows:

LTC/BTC exchange rate daily chart

Although there are signs of trading, don't rush to open a position. To make a trading plan, we must first have an expected profit. If the space is too small, it will be a thankless task. Let's take a look at the monthly chart of LTC, as shown below:
LTC monthly chart

At present, the price stays at the middle track of the monthly line. If it goes up, it will reach the upper track of Bollinger, which is about 180. The profit space is about 80%, which is still good. There is not much room for downward movement at present. If it goes down, it is better to choose to continue waiting.

20240426 Market Scan: BTC is currently entering a narrow range of fluctuations on the 4-hour middle track (Ma60). As the weekend is approaching, this place may have a high cost-effective order position, as shown in the following figure:

BTC 4 hours

If you want to enter, you can start from the small cycle channel, that is, the 15-minute channel breakthrough. After the channel breaks through, go long on the upside and short on the downside. However, it is better to wait patiently for the 15-minute moving average to overlap for a period of time before intervening. The general direction is as follows:
BTC15 minutesA trading plan can be formulated based on this, with an upper and lower space of 4% to 6%. However, if the narrow range of fluctuations in this area turns into a wide range of fluctuations, the time it takes for the large cycle to develop a direction may be delayed.

1. Watching the market signals and real market
1、#ETH

ETH15F Trading Signal

Yesterday at 22:15 I received a trading signal for ETH. I set up automatic orders for BTC and ETH, so the program automatically placed orders after the signal appeared. After placing the order, I looked at the K-line and found that the pattern did not match. As shown below:
ETH15FK chart
In addition to the coincidence of moving averages, that is, there is no platform position, there is no compression before the kinetic energy K is activated, and the starting position is still below the moving average. In this case, the order should be closed immediately. I just thought that the momentum was strong, so I kept it, and still did not handle it according to the trading rules. When I woke up in the morning, I found that I had been stopped out.

Recently, altcoins have always experienced either one explosion or another explosion, which has caused people's emotions to rise. I believe that there are not many people who have their legs broken.

The more this situation happens, the more torture it becomes. Watching others make money is more uncomfortable than losing money yourself. Instead of being so anxious, it is better to calm down and summarize more. Why do I always miss the market? Can you make money by trading?

In fact, simply splitting the transaction is nothing more than the following steps:

1. Market scanning to discover trading opportunities (screening trading signals based on trading rules)