As concluded in the evening review on February 17: In the short term, prices will enter a period of consolidation and accumulation after yesterday's rally. The current tentative accumulation area is between 23300 and 25205. To date, prices have been accumulating at a high level for nearly a week.
During this period, the evolution of the price pattern has undergone an important transformation process, that is, from the previous bullish [upward triangle accumulation] to the neutral [range accumulation], as shown in the figure:
After three unsuccessful attacks on the 20205 resistance line, [three and exhaustion] caused the price to [break] in the short term. For now, forget the previous description of the upper triangle and just look at the range.
The key point of interval accumulation is to refer to the [interval median line] to perform low-long and high-short rhythm operations. Because the current interval is in an upward trend [relay], the short-term operation part is filtered out (unless the interval breaks), and operations are performed around low-long and chasing long.
The above is the current general guiding ideology for the local area, which can guide short-term futures as well as short-term range strategy operations.
In summary, the short-term operation corrections are as follows:
Long side: In the low long side, continue to pay attention to the opportunities around 23,300 (if you don’t have the energy to watch the market, you can split the chips and use the Martingale strategy 5-8 times at the current price to make short-term bottom-fishing);
Follow the bullish direction and pay attention to the short-term bullish opportunities brought by the breakthrough of 24328 (after correction), and remember to strictly control risks.
Bearish direction: No strategy involved, none yet.
Range operation direction: The new strategy package [long spot or long low leverage: 22250 to 28000, geometric ratio, quantity 46] has currently achieved a fixed income of more than 14.2%, but due to local retracement, the dynamic income has been reduced to 10%.
This is the benefit of interval strategies. Price fluctuations, especially violent fluctuations, will make the grid-type profit curve show a smooth upward trend. As long as there is no obvious trend in the floating part of the position, or the abnormal movement of breaking the grid, the chips held are close to the cost of the current price. Once the floating profit is made, the total profit can be increased rapidly. This week, a class will be held to explain the principles and applications. For details, please see: [Coins must understand technology-instructions for joining the programmatic trading group].
Good night.