Review and strategy of mainstream currency market in the evening
After a wave of pull-up and retracement this morning, the rhythm fell into a volatile trend. The big cake and the second cake encountered resistance and fell back at 59895 and 2749 respectively. Our early trading strategy foresees going long after the retracement. After successfully taking 700 points of the big cake, there is no opportunity to enter the market!
At the 4-hour level of the market, the Yin-Yang lines alternate frequently, and the space shrinks significantly, indicating that the market is in a volatile consolidation stage. After the early high, the momentum weakened, and the market turned to retreat and accumulation. At present, the bullish force is gathering again, and signs of rebound repair are showing, and the bullish position is firm.
Operation suggestion Big cake will enter at 58400-58900 in the evening, and the target is 59900-60500. Ethereum 2600-2630 can be long, and the target is 2700-2750.
Although there was a short-term decline at noon, the daily structure did not change significantly, and the upward trend remained good. This shows that the overall trend of the market is still upward, and the short-term correction is just a normal adjustment in the upward process.
The hourly chart shows that the K-line is hovering on the middle track of Bollinger, and it will be a strong support level after stabilization. The afternoon operation is mainly based on retracement and long positions.
Big cake 58500-59000 long position, target 60000-61000, defense 500 points
Auntie 2660-2680 long position, target 2800, defense 50 points
In trading, mentality is one of the key factors that determine success or failure. Here are some important trading mentality factors:
Psychological stability: It is very important to maintain a stable mentality when facing market fluctuations and trading pressure. Excessive emotions and impulsive decisions may lead to wrong trading decisions.
Patience and discipline: Patience is required to wait for the right time and discipline to execute the trading plan in trading. Lack of patience and discipline often leads to premature entry or premature exit from trading.
Self-discipline: Good self-discipline can help follow the trading plan and avoid impulsive trading decisions and over-trading.
Determination and patience: Determination allows you to move forward courageously, and patience allows you to wait for the opportunity. No matter how the market fluctuates, firm determination and calm patience are the cornerstones of sound trading.
Long-term vision and rational thinking: Stay away from the illusion of short-sighted profits and have a long-term vision. Calmly analyze the market, not be influenced by emotions, and make rational decisions to be invincible in fluctuations.
Positive mentality and growth awareness: A positive mentality is the power to overcome difficulties. See failure as an opportunity to learn, look at challenges positively, and turn setbacks into motivation.
Money management: Good money management is the foundation, correctly understanding losses is the key, and focusing on stop losses and not considering profits is the measure.
Stay optimistic: Staying optimistic is one of the most important mentalities in trading. Even if you encounter setbacks, you must believe that the future will be better.
The big cake is once again in a long-short battle below 60,000! The bulls are accumulating strength to rush up again!
From a technical analysis point of view, the lower track of the Bollinger band on the four-hour chart provides solid support for the current price, showing that there is a strong carrying force below the market. The effectiveness of this support has been verified many times by the market, providing a strong defensive position for the bulls. At the same time, although the upper pressure level of 60,300 has been tested many times and even briefly broken through, it has not formed an effective suppression, but has stimulated more buying interest in the market.
Big cake 58,500-59,000 long, target 60,000-61,000, defense 500 points
SUI is a popular project recently, and it is positioned as an investment target by Grayscale Fund. Based on my opinion on SUI, I think SUI, which is pulling the market in the opposite direction of Bitcoin, will be adjusted at this position. It is recommended to wait until the US stock market opens before making a decision.
Secondly, SATS has been recommended for a long time. Although everyone says that this coin is a demon coin, it has a significant increase and a sharp decline, but from the current trend, SATS is really popular, with a daily trading volume of about 20 million. Compared with the leader ORDI, it can be said to be far beyond. It is recommended to buy it and sell it when it can return to 0.0003!
Finally, BNB is recommended. Whether CZ is released from prison for hype or for real, there is a high probability that BNB can return to the position of 721, and the bull market is not far from the time when CZ is released from prison.
Remember, if you regard your investment as a long-term investment, the decline in the market should be seen as an opportunity. It provides an opportunity to buy more tokens at a lower price. Before making any purchases, it is crucial to develop a strategy and never invest all your funds in it.
【Price trend analysis】 K-line pattern: Recent K-lines show large price fluctuations. A long upper shadow appeared from 17:00 to 18:00 on August 11, indicating that the seller's pressure has increased. The price then fell back. The K-line from 07:00 to 08:00 on August 12 was a small entity with a long lower shadow, which may be a potential reversal signal. Technical indicators: MACD indicator: The latest MACD value is positive (0.934), but DIF is still lower than DEA, and both are negative, suggesting that there is a certain upward momentum in the short term, but the medium-term trend is still bearish. KDJ indicator: The J value of 66.29 is higher than the K value and D value, indicating that there may be momentum for a rebound in the short term, but overall the three lines of KDJ are relatively close, and no obvious golden cross or dead cross has been formed. Further observation is needed to confirm the trend. EMA indicator: The current price of 145.190 is below EMA (7) 144.525 and EMA (30) 147.176, indicating that both the short-term and medium-term trends are downward. Volume: The volume has decreased in recent hours, which may mean that market participation has decreased and the power of buyers and sellers is balanced in the current price range. When the price drops sharply, such as from 07:00 to 08:00 on August 12, the volume increases, indicating that there may be more selling in this price range.
The price of Bitcoin is currently trading sideways at the bottom of the 1-hour level. Pay attention to the 58730 position for today's rebound. Only when it stands above this position, the 1-hour level will start to rebound upward.
Pay attention to the upper pressure level near 59100-59600-60100. Only when it stands above 60100 in the 4-hour level will it start to rebound. If it cannot go up near the pressure level, there is a chance for short positions.
If it fails to rebound today, pay attention to the position near 58000 below, which is also the previous low of the morning pin. If it falls below this position, it means that the strength of this wave of decline and rebound is very weak. Pay attention to the lower support level near 56900-56000-54600
Urgent⚠️ Special Intelligence⚡️⚡️ ⚠️⚠️⚠️ Binance issued a delisting notice at 3 o'clock this afternoon CVP EPX FOR LOOM REEF VGX will be delisted on 8/26
Everyone run! The smash has already begun!
The project party does nothing. No pull and no liquidity.
Then it will only be eliminated. The first exchange has no liquidity.
Other exchanges are even more useless. It is difficult to get up again.
The rate of return is closely related to leverage, and the return is closely related to the position. Relatively speaking, traders with slightly larger capital usually control the leverage to about 3 times, and no more than 5 times. If you see someone using up to 125 times leverage, it usually means only two possibilities:
1. His trading style is extremely aggressive.
2. His capital is very small.
The leverage is mainly based on the total position, and the number of orders opened is not important.
Now, the bull market only needs an opportunity to ignite it. Two major positive events are ready to go:
First, Binance founder CZ is about to be released from prison. This news will undoubtedly stimulate heated discussions and speculation in the market and inject new vitality into the market;
Second, the expectation of interest rate cuts is approaching, which will further promote the flow of funds to the crypto market and add momentum to the bull market.
The time is almost the same, which should be a big news. Although there will be a decline after being released from prison, the hype before being released from prison must be a big positive. This is also an opportunity to start a bull market. You can see that there is almost no news about CZ's release from prison.
K-line pattern: Recently, the K-line shows that price fluctuations have intensified. After the long positive line appeared at 07:00 on August 9, a series of small entities and upper and lower shadows appeared alternately, indicating that the market is controversial at this price. There was a large price gap between 08:00 on August 8 and 09:00 on August 8, which may be due to rapid buying caused by certain market news or events.
Technical indicators: MACD indicator: The latest MACD value is negative (-0.884), and DIF is lower than DEA, indicating that the bearish momentum still exists in the short term. However, the MACD histogram has rebounded from a deep negative value, suggesting a potential reversal. KDJ indicator: The J value (41.42) is higher than the K value (38.10) and the D value (36.44). The three lines of KDJ are close and divergent upward, which may indicate an improvement in the trend in the short term. EMA indicator: The current price (158.471) is slightly higher than the 7-period EMA (158.314) and the 30-period EMA (156.523), indicating that the short-term and medium-term trend is bullish.
Volume: The volume peaked between 21:00 and 22:00 on August 8, accompanied by a sharp drop in prices, showing strong sellers. The volume has been relatively stable in recent hours, with no significant increase, which means that the current market participants are generally active and lack a clear directional push.
#PlusToken相关钱包转移ETH #美联储何时降息? #Ronin跨链桥安全漏洞 #MarketDownturn If you can't find a direction in the currency circle, find me...free...take you to the free communication 𡝗👉 public ~ zhong/hao Search: Sanqi said block Free to share more information and strategies related to the currency circle
It's almost the weekend, and the cryptocurrency market is likely to fluctuate slightly. If there is a small sideways fluctuation around 6-6.3w in the future, we should be particularly vigilant. Sideways fluctuation after a sharp rebound means that the direction is about to be chosen. At this time, the breakthrough of the upper and lower ranges is the signal of the direction.
Pay more attention. Today's viewpoints can be summarized as follows:
1. The current price is suitable for profit taking, or part of it, and you can buy it back after it stabilizes at the 200-day line/6.3w
2. If the 4h-level sideways market starts to fluctuate in the next few days, it means that a new direction has begun to be chosen, and special attention should be paid to the breakthrough of the upper and lower edges of the range
But the only thing that can be confirmed is
Whether it is oscillating or continuing to fall, it is almost certain that the short-sellers' fantasy of $30,000 or even $25,000 or even the end of this round of bull market will eventually be shattered as BTC continues to set new highs
Big surge! 24 hours of crazy pull of 8000 dollars, mainly bursting ten times and above high short orders
From 6 o'clock yesterday to 6 o'clock today, the low point of BTC was 54600 dollars and the high point was 62700 dollars, with a difference of 8000 dollars and a range of 15%. This wave of rapid pull-up was to clear high-multiple short orders. The purpose of the dealer was very clear. The sharp drop on Monday cleared more than 3 times the long orders, and the rebound quickly pulled up and cleared the short orders arranged at various pressure points, specifically killing technical analysts.
Overnight, the United States released the unemployment data for the week, which was lower than expected. For this unreliable data, the U.S. stock market seemed to have grabbed a life-saving straw, and seemed to be shouting: employment is still strong, and the economy has not declined (roaring). The market reacted so much to the unemployment data, which shows how sensitive investors are to recession expectations.
The legalization of mining in Russia and the unemployment data did not seem to exceed expectations as expected. The rise from the decline has exceeded 10,000 points. With the surge in US stocks and Putin's orders, the crypto market has seen a sharp rise.
Because of this small mistake, the trader lost $2,550 in one day!!
Recently, a trader lost $2,550 to a sophisticated crypto scam. He joined a Telegram group that promised investment opportunities and trading signals. As a result, he was persuaded to invest in a fake crypto scheme.
The scammers first asked him to pay 50 USDT to join their "premium group" and then asked him to invest $2,500, promising super high returns. The trader was told that their funds would make money through the robot, but in reality, they just sent the money to the scammers.
The scammers also set up a fake website to transfer fake tokens to the trader's account, but the money in this account could not be withdrawn to a legitimate exchange. When the trader confronted the scammers, he was blocked and his money was lost.
This incident reminds us that we must be careful when dealing with people we don't know and investment opportunities online. Check whether the website and tokens are real, and never share your wallet address or send money to people you don't trust.
There will be a market in August, deduct "1" for joining the team
Toncoin (TON) has seen a significant price increase, up 15%, following its listing on Binance, one of the world’s top cryptocurrency exchanges. The listing is a major turning point for TON and will increase its exposure and usability in the cryptocurrency space. TON’s Binance listing has been given a seed tag, which further increases legitimacy and recognition. Users should note that withdrawal opening times are only a rough estimate. The withdrawal page provides information on the current withdrawal status.
This gives traders the opportunity to change their trading plans and potentially profit from TON’s recent bullish momentum. The community first created a decentralized and open Layer 1 blockchain, Toncoin, using technology designed by Telegram. With this history of technological advancement and community-driven development by Telegram, Toncoin has a solid foundation and unique advantages in the blockchain space. The recent price increase reflects the growing enthusiasm and confidence of investors in Toncoin’s potential.
Toncoin is an attractive option for developers and users alike because it is a blockchain platform that promises fast, secure, and scalable transactions. To ensure the most accurate and up-to-date information, users should refer to the original English version of the announcement and be aware of any potential differences in the translated version. By doing so, users can ensure that they have accurate information regarding their transactions and platform functionality.
In this round of big drop, many strong coins did not fall. Many people think that these strong coins will lead the rise later, so they start to ambush these strong coins.
It has not fallen recently. First, it has its own cycle. Second, energy is actually conserved. The sideways movement consumes energy. When the market leads the plummeting cottage to soar, it may not rise. I have encountered many such coins.
So I will give priority to the layout of high-quality inscription leading coins that have fallen a lot. There will be greater returns later. There are currently no coins participating in the meme track.
If you can't find the direction in the currency circle, find me...free...take you to the free communication 𡝗👉 public ~ zhong/hao search: Sanqi said block free to share more information and strategies related to the currency circle