Daily Market Analysis — #ETH 11.21 Nothing much to say, bearish. Waiting for SSL plunder, looking for price reaction after a break. The key focus remains on the 2800 level, looking for a bullish OB on H4.
Yesterday I posted about ACT, and now we can wait for a pullback to 0.45. The price is currently supported in this area. The entry point is set, but whether it can rebound strongly depends on your luck. Ah Lin added to the position at 0.5. This type of question about predicting the future cannot be answered definitively. You might as well research more about key areas to enter.
Since the previous high resistance has not been broken, the current TP is still based on the previous high: 4.6 area. If you want to enter the market, you can look at the strength of the retracement and enter the 2.8 area to give you a chance to enter more on the rebound.
Because of the drop in act, the brothers are screaming and mocking.
I don't care how you fud and diss.
Act has already gone through three 80% life-and-death experiences.
Do you think someone who has experienced life and death would care about you waving a small plastic knife in front of them?
A gentle good night, suitable for indulging and moving forward. Friends who have entered, Lin suggests that those with funds can take advantage of the current pullback to add to their positions, as it is already at a low point. Perseverance is victory.
This giant whale should continue to buy #ETH : he transferred 20 million USDT to Binance yesterday, and then withdrew 8,976 ETH ($27.85M) from Binance 20 minutes ago. In the 9 days since 11/11, he has withdrawn a total of 27,026 ETH ($85.03M) from Binance, with an average price of $3,146.
#punt The support line at this small level is very strong, and there have been several rebounds at this position, so wait for a pullback near 1.5u to consider entering a long position. The prolonged consolidation indicates that the selling pressure has been mostly digested, just wait for a second wave of upward movement.
#ETH🔥🔥🔥🔥 Daily Market Analysis—— #ETH 11.20 1) ETH is still at a disadvantage. It is currently still in a downtrend, looking forward to the SSL position EQL plunder. 2) Here, the short-term focus is on OB, as mentioned yesterday, if you want to go long, you can only buy at OB. If it breaks down, stop loss is triggered, providing liquidity to push it down. 3) After plundering the SSL at 3015 below, pay attention to price reaction, whether it stops falling and goes up or continues to test H4 bullish OB.
#BTC Technical Analysis The current situation has two hypotheses: First, it is currently following the red line 4, and after red line 4 comes red line 5; then there will be a pullback against the red line; Second, red line 4 has already completed, and it is currently moving towards red line 5 (which has already been oscillating to create new highs). Figure 1;
The current movement is very similar to the movements in November and December 2023, both are consolidating strongly along the upper edge of the triangle, using horizontal price movement to repair the indicators. Figure 2;
#Altcoins The anxiety of the main coin’s pull is palpable, the anxiety of the altcoins is also palpable. Buy altcoins, fearing a pullback of the main coin, altcoins could collapse directly. If you don't buy altcoins, you fear missing out. I have basically completed all the exit and liquidation actions for my secondary old altcoins, and some have already started to rebuild positions. Keep an eye on the BTCD indicator, breaking the green line and entangling downwards may lead to an altcoin season. The efforts of large cryptocurrencies like DOGE, XRP, ADA are ineffective, Ethereum and BNB are not performing well and haven’t followed suit. Small market cap coins are of no use. If you didn’t get in on the action a few days ago, I currently do not recommend FOMO, as it is easy to miss out and then get hit hard. Figure 3;
The new MEME at the top remains the most noteworthy cryptocurrency at the moment, maintaining the view that this round might be beneficial for both the head and new coins, while the mid-tier coins starve. Liquidity is overly concentrated because it is not that abundant. Similar to the movements of the US stock market, it concentrates on the leading coins in hot sectors. Figure 4;
#BTC #BTC plunder, European market opens. This is a key position. See if it can hold steady, if not, continue to test the bullish OB on H1. Convergence continues.
Today I will share the trend of my favorite MEME coins: PEPECOIN MYRO, etc. There should be many more of these, you can look for them. The trends of these coins are the same, but the difference is that they have different fund-raising time points, different highest points, and different start-up times. Take pepecoin as an example.
2 important dimensions:
1. How long is the adjustment time from the high point to now?
2. How long is the bottom fund-raising time?
If both of these points are met, it is a high-quality coin. If there are still institutional holdings, it can be added points.
This is my own coin selection standard, so from the trend point of view, I think the most perfect trend is PEPECOIN Myro. Some coins do not have this trend, but they still rise very well. There are also coins with this trend that do not rise, nothing is absolute. But from a probability point of view, the coins with this trend are likely to be good.
#DOGE The wind of the election has been blowing for a long time! After the rise, it has been in the adjustment phase, currently in a triangular continuation pattern, and has broken through the descending trendline! If you have bullets, make an entry! Let's see how it performs against the previous high! (Learn to make a profit yourself)