Daily Analysis (11.18)
Summary:
1. The big A is about to start the year-end peak, but the current rise is not a bull market.
2. Although the Japanese stock market weakened in the morning, the U.S. stock market looks bullish in the evening.
3. The current upward move at the 1H level has not finished yet but is nearing completion. Regardless of whether it breaks 93400 (the difference between the first and second sell), it will create divergence and end the upward move that started at 58900 at the 4H level.
4. In the short term, due to significant fluctuations, the difficulty of trading is increasing, requiring thicker defenses.
5. From the perspective of the Chan theory, there have been many false signals at the small level in the past two days. The current upward move at the 1H level is not progressing smoothly.
6. A reasonable operation is to wait for the upward move at the 1H level to finish today and tomorrow, then proceed with the layout for medium-term short positions.
Operations:
1. Since the current upward move at the 1H level is nearing its end and is not progressing smoothly, we will temporarily refrain from low buying.
2. Starting from tomorrow, we will begin to set up medium-term short positions at the 4H level. Specifically, at $BTC near 94000, we can make the first left-side peak touching, $SOL for the second left-side peak touching, and $ETH 3230 for the third left-side peak touching. The defense needs to be a bit thicker, at 86000,225,3030, taking profit on half to break even.