The fundamental of trading is survival, followed by profit. Therefore, before each operation, think clearly whether your operation is reasonable and whether the principal is safe. You should form a set of trading ideas of your own and continuously optimize and improve them. Although the suggestions of academicians in the currency circle cannot make you rich overnight, they can always help you. Only those who survive in the currency circle for a long time and persist to the end can get the results they want. I hope you can understand.
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Cryptocurrency Academy: Bitcoin (BTC) latest market analysis on 2024.11.19
The current price of Bitcoin is 90940. It is now 10:20 AM Beijing time. Let’s review yesterday's good news. Yesterday, I believe everyone saw that the 92000 short finally took profit at the 90000 mark. After making 2000 points, it did not continue. My trading habit is to take profit early and build positions separately with time intervals between two orders, so I did not reverse to go long but instead observed the changes. Yesterday, we saw the US market pull up again just after we took profit. From 89500, it stretched all the way past 92500. We chose to observe after 3000 points, and we did not enter until now, just watching the show.
We can see that after the daily fast line closed at 8 AM, the K-line opened at 90500. It has been unable to drop from the high, forming a serious top divergence. The EMA trend indicator remains upward, with EMA15 reaching 85000. The MACD volume has decreased, and the DIF and DEA are contracting at high levels. The top divergence from yesterday's surge that momentarily broke 92500 is equivalent to a stretch. It is possible that a stretch breaking the historical high will lead to a clearing action. The reason is simple: the trading volume near the high has noticeably decreased, indicating insufficient willingness to chase the price. The main force wants to attract retail investors, but most in the crypto space are veterans who have already been harvested, so few fall for it. During yesterday's significant rise, the trading volume increased noticeably and then gradually declined, suggesting that after capital inflow, the observation sentiment increased, indicating that the main force's intention to harvest did not have much effect this time. This time, the main force is awkwardly pulling the market.
The four-hour K-line has awkwardly tested the upper resistance level consecutively yesterday. Later, it pulled back to the EMA30 support at 89800. The MACD top divergence is becoming increasingly serious, and the Bollinger Bands are beginning to contract again, indicating a point of directional choice. The upper track is at 91900, and the lower track is at 89650. Additionally, the four-hour naked K has entered the triangular trend indicator. Two patterns can be reviewed; do not focus only on a single indicator. Combining with trading volume, it seems the main force has reached a point where it must adjust to accumulate. Therefore, the suggestion is to try short positions after a rise, and remember to set a stop loss, giving yourself enough opportunities to try. If correct, hold; if wrong, admit the mistake.
Short-term reference: The market is not 100%, so make sure to set a stop loss. Safety first, small losses and big profits are the goal.
Short at 93000 to 94000, with defense at 95000, stop loss at 95500, target at 91000 to 90000, breakout target at 88000 to 87000.
The support level is between 90500 and 90000, with a defense at 89500, stop loss at 500 points, and the target is 91000 to 91500, with a breakout target of 92000 to 92500.
Stop loss of 300 points within the range.
Short at 92000, target 91000.
Buying at 90500, target 91500.
Specific operations should be based on real-time data from the market. More detailed information can be obtained from the author. The publication of the article has a delay, and suggestions are for reference only. Risks are to be borne by oneself.
This article is exclusively contributed by the Cryptocurrency Academy and represents the academy's unique perspective. In-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time, for reference only, risks are borne by oneself. Please indicate the source when reprinting. Manage your position reasonably and avoid heavy or full positions. The academy also hopes all investors understand that the market is always right. If you are wrong, you should reflect on your issues. Don't let the profits that should have been yours slip away. There is no need to be smarter than the market. When a trend comes, respond accordingly; when there is no trend, observe and remain calm. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The way of heaven rewards diligence, the way of earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of industry rewards precision, and the way of art rewards the heart. Gains and losses often happen unintentionally. Develop the habit of strictly setting stop losses and take profits for each order, and the Cryptocurrency Academy wishes you happy investing!
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