You have to be patient. You should only buy a stock if you would be happy owning it if the stock market stopped trading for the next 10 years.
(This is only shared as a personal encryption daily record and does not constitute investment advice!!!)
Daily News NEWS
1. Japanese cryptocurrency exchange BitTrade will launch EOS on September 13
2. A whale address transferred 3.64 million coins to Binance
3. Justin Sun: Consider acquiring tokens and assets held by FTX
4. Bitget launches $100 million EmpowerX fund to fully expand the ecosystem
5. Jump, Wintermute and Abraxas transferred more than $32 million in BTC, ARB and ETH to CEX
6. Vitalik-related addresses transferred another 2,000 ETH, which may still be transferred to Bitstamp
7. dYdX founder: After dYdX Chain goes online, DYDX will continue to use the existing token distribution model
8. MakerDAO added $100 million in RWA assets in the past 24 hours, and the total RWA assets reached $2.613 billion
9. PayPal launches cryptocurrency exchange service for US dollars
Market Observation
The analysis is simple and concise. For more specific indicators, please follow and collect them.
Chart structure | Chip distribution | Main force tracking | Volume-price theory | Market psychology | Macro analysis | Micro analysis
4H Level:
After breaking through the important support level of 24900, it rose sharply
The small level V drew a door but did not form a reversal condition
Good but not much
Judging from the structure and chip distribution, there is a bottoming phenomenon.
However, we still need to observe whether the selling pressure around 26300-26450 can be effectively digested.
Operation suggestions:
Observe the release of the upper 26300-26450 selling pressure zone
Wait for the right opportunity to enter the market
Daily level:
Falling consolidation channel
Step back on the bottom edge
Potential bottom divergence pattern
There will be a chance of rebound if it stabilizes
Short-term upper selling pressure range is 1600-1620 (a breakthrough will lead to a reversal)
The support range below is 1540-1560
Operation suggestions:
You can buy low and sell high between the two ranges above
4H Level:
Suppressed by the downward trend line above
Selling pressure zone around 15450-15650
Need further digestion
If it breaks through, it is likely to go back to test around 16000
Daily level:
The current support range below is 104-104.8
If it stabilizes, there will be a chance to test the upper highs around 105.5-106
OPPORTUNITY
#Short Term
1H Level:
The right side breakthrough is in line with expectations
The upper selling pressure is between 1.35-1.37
Short-term pullbacks can still find opportunities to enter the market
Operation suggestions:
A pullback of 1.28-1.29 would be a good position
Stop loss: 2%
REVIEW
BTC tests around 24700-24800✔️
ETH stop loss 1% ❌
OP enters on the right side to release selling pressure and increases by 5%✔️
Specific reference: https://silicon-dodo-cad.notion.site/D-JOKER-s-Crypto-Daily-9-11-8f8cacd5f5c542ee8ad540d41599a221
