$BTC is still a day of oscillation, but be aware that there may be a big bullish candle.
【Today's Market Analysis-BTC-11.19】
For technical analysis learning only, not as an investment opening suggestion. Profits and losses are at your own risk.
Yesterday some people shorted following the Daily Report 923 peak, making nearly 3000 points in profit, quite a shock. What will today’s plot be?
1. Daily: To conclude first, unless there is significant positive news, the price will not have a major breakthrough. Yesterday's daily candle had a long upper shadow, and Ha Ge observed that the overall trading volume was relatively high. This is a K-line testing the top of the range, unfortunately, the test did not pass. There will not be much upward space for the price today. The good news is that after a pullback to the 8xxx level yesterday, it rallied again and is currently in a large range oscillation market, and there will not be a major drop. 89~895 is a good area to consider for long positions on a pullback, while 928~93 is a range worth shorting.
2. 4H: At 04:00 on the 18th, a K-line with a long lower shadow appeared, testing the bottom of the range with low trading volume, and the test passed. In a range, both the top and bottom passing tests will lead to a breakout upward. However, the top mentioned in the daily has not passed the test, so today the price will likely still oscillate within the range. The future plot is that the price will come down, continue to test the bottom, and the likelihood is that it will pass the pin testing, then rally back up to continue testing the top. Once the top is tested and passed, the price will show a slight pullback followed by a big bullish candle.
3. 15min: The price is being suppressed in the 898~917 range. Near 898, pay attention to candles with lower shadows and higher trading volume indicating a drop. Smaller volume may indicate a rise. Near 917, pay attention to candles with upper shadows and higher trading volume indicating a drop, while smaller volume may indicate a rise. (If you are day trading, you need to keep an eye on the market, which changes 24 hours a day; the price will run within a range, and the top and bottom of the range need to be continuously tested, while pin testing is the key to starting the next market phase. Do not blindly trust so-called resistance and support.)
Day trading strategy: Conservative traders hold cash, while aggressive traders bet on pullbacks for long positions. Crazy traders layout both long and short on the daily.
