Cryptocurrency Scholar: The Liquidation Moment After Bitcoin's Stretch on 11.19! Divergence at the High Top?
Current Bitcoin price is 90940, and it is now 10:20 AM Beijing time. Let's first review yesterday's good news. Yesterday, everyone saw that the 92000 short finally cashed in at the 90,000 mark. After completing two thousand points, it did not continue. My trading habit is to cash in early, building positions separately with staggered times between the two orders, so I did not reverse to go long but chose to watch the changes. We can see that the US market pulled again after we took profits, stretching from 89500 all the way to break 92500. We chose to observe after three thousand points, and this time did not enter until now, just watching the situation.
After the daily quick line closed at 8 AM, the K-line opened at 90500, and it has been unable to drop from the high, forming a serious divergence at the top. The EMA trend indicator remains upward, EMA15 has already reached 85000, MACD volume has decreased, and DIF and DEA are contracting at a high level. The top divergence from yesterday's surge that broke 92500 is equivalent to a stretch. It is not ruled out that a stretch may occur to break the historical high followed by liquidation behavior.
The four-hour K-line awkwardly tested the upper pressure level yesterday, then retraced to the EMA30 support at 89800. The MACD top divergence is becoming increasingly severe, and the Bollinger Bands are beginning to contract again, indicating a point of directional choice. The upper track has reached 91900, and the lower track focuses on 89650. Additionally, the four-hour naked K has entered the triangular trend indicator. Two modes can be reviewed; do not just look at a single indicator. Considering the trading volume, the main force has reached a point where it must adjust and accumulate positions. Therefore, it is suggested to try short positions after a high rise. Remember to set a stop loss and give yourself enough opportunities to try. If you are right, hold it; if wrong, admit the mistake.
Short-term reference: The market is not 100% certain, so be sure to set stop losses. Safety first; small losses and big gains are the goal.
Short positions from 93000 to 94000, with a stop loss at 95000 and a stop loss at 95500. The target is 91000 to 90000, and if broken, look at 88000 to 87000.
Long positions from 90500 to 90000, with a stop loss at 89500 and a stop loss of 500 points. The target is 91000 to 91500, and if broken, look at 92000 to 92500.
I am a warrior who has always protected the retail investors. I wish my fans financial freedom in 2024, let's work hard together! $BTC #比特币行情分析 #BTC行情分析
