Hello everyone, I wish you all a happy National Day! I worked on the code until dawn last night, and I will continue to work on it today.
The content that was previously written at the end is now moved to the front:
1. If you have long orders at the bottom and short orders near the previous high, you can continue with the pattern with a protective stop loss.
3. For the long and short positions halfway up the mountain, if there is no negative profit yet, it is best to take the break-even point. It is definitely better to change positions and reopen than to resist the order.
4. I don’t recommend placing orders halfway up a mountain, especially when the market can go up or down, but this is just a suggestion.
5. It is best not to hold a position overnight for day trading.
6. For some very weird coins, you know they are weird. The best way is not to touch them, rather than guessing the top and bottom.
Let's start from $BTC
It is not easy to determine whether it will continue to pull back, because it has not fallen below 625, and it is still running above the descending box. Those who bet on continued rise should have re-entered the train early this morning, and those who bet on continued pullback should still be on the train. ETFs have been flowing in continuously from 19 to now, which is really amazing. I don’t know how long they can continue to intervene in the market like this. We still have to wait and see the breakthrough of 643-644. Break through, stand firm, and initially return to the bullish trend, return to above 65280, confirm the return to the bullish trend, and the remaining question is how much it will rise. If it can’t go up, continue to see the situation of the retracement. The following is still unchanged 632-626-616-606.
It is very clear from the daily chart. The downward slash is the upper edge of the descending box. As long as it falls below this and is suppressed by the upper edge, it can be directly confirmed. Before that, it is hard to say how deep the callback will be. But to return to the long position, everyone has seen the horizontal line above. It can only be confirmed if it passes the horizontal line without falling below it. Before the pattern is formed, there is nothing to do but wait. Those who have chips in hand, whether long or short, just bring the corresponding stop loss.
It can be clearly seen at the weekly level that he stepped on the upper edge of the descending box and began to rebound. The larger the time level, the higher the confirmed position. To confirm the weekly level return to the bullish position, we have to wait until 657-658, which is even slower. But the weekly line can be more intuitive, allowing us to see where we are currently.
The monthly line finally closed beautifully, reaching above 621. It was such a surprise and unexpected. This pattern has stepped out of the box of the monthly line's continuous decline. The rest is to see if it will fall back. As long as it does not break 545, the top in October will be much higher than that in September. The monthly resistance level is 678-680. It will be confirmed as a pullback if it falls below 621 and is suppressed.
Next, look at $$ETH
The ether is too strong beyond imagination, I don't know if it is because of too much fuel. Here we still need to pay attention to the retracement. If it does not fall below 2639, it can stand above 2656 to resume the long position.
Next watch $SOL
It got support at 152 and rebounded again. It is hard to say whether the strength of sol led to the strength of wif or the strength of wif led to the strength of sol. The wave of wif this morning made many shorts cry. It went from 2.51 to 2.63 in 2 minutes. The style of dwf is still the same as before. It will pull hard if it goes up and smash hard if it goes down... You can recall how many shorts were killed when not went from 0.005 to 0.0293 in one breath. For sol, we should pay attention to whether it can break through 156.7 again, and then pay attention to whether it will fall below 154 next time. As long as it does not fall below 154, the bull market will continue.
161.5-163, both have become triple tops at the daily level. It can neither fall nor rise. This kind of crooked market is really boring.
Finally, look at bnb
BNB has completed a 4h level correction in 2 days and rebounded upward again. Here we should pay attention to the breakthrough of 586-588. If it is suppressed here, it will continue to pull back. If you have BNB spot and have not locked short orders above 600, you should pay more attention.
Now the 4-hour level bull market has ended, and the daily bull market is still continuing. Because it fell too much yesterday, it is still a bit difficult for BNB to complete the positive enveloping negative market in one go. So let’s look at the situation of 586 first. If it is suppressed at 586 and cannot break through, then the correction will continue. The daily level bull market will end when it falls below 559.
