BTC breaks through the downward trend line strongly, platform currency rises, short and long, long and short, first look at 9300
1. Overall review
The BTC daily line level closed at 8587.5 this morning, above the opening price on September 25, engulfing the red K center line of the day before, and the volume can be nearly 1/3 higher. The rise broke the descending triangle structure in the past two weeks, which is an effective breakthrough and a firm stand. The current price is closed near yesterday's closing price, forming a small gyro line, and the overall tendency is to continue.
2. Multiple time period analysis
Today is the first time to analyze the market according to this structure, so first introduce what is "multiple time period", the time period is the period we trade, such as daily line, 4 hours, 1 hour, 5 minutes, multiple time periods Analysis is a way of analyzing multiple time frames layer by layer from large to small, and finally come up with today's trading plan. The principle is very simple, that is, "every small cycle fluctuates cyclically within the frame of a large cycle" , everyone can write it down first, and the articles will be analyzed according to this logic every day in the future, and you will experience it slowly. If you don’t understand, you can chat with me privately to learn. Regarding the time period, everyone has different habits. My personal habit is that the trading period that is more commonly used is 1 hour, so my analysis framework is the daily line, 4 hours, and 1 hour. You can choose by yourself.
Let’s first look at the daily line of the big cake. As mentioned above, the daily price has stabilized at the key position 8533 to open the opportunity for short and long. Short and long does not mean that the long trend will start from now on. I marked the key pressure level of 9295 in the figure , if the price comes to this area, we need to have a correct expectation, that is, there is a strong pressure here, if the price still cannot break through this position, then we should establish a short expectation, this is one of them. Second, on the whole, it has been unable to recover since the top triangle was effectively broken, which means that the short momentum has not been exhausted, and the current momentum is only to fill the kinetic energy gap for the next downward move. Therefore, the daily level is much shorter sky.
After reading the daily line, let’s narrow down one level to 4 hours. It can be clearly seen that although the price has stood at 8511, the breakthrough rate is not large. There is still a heavy pressure zone of about 300 dollars above, and only the price breaks through We can only see 9310 upwards if we pass through this key area. Otherwise, we will go down as we go up.
Through the analysis of the daily line and the 4-hour chart, we have come to the view that the price is currently fluctuating at a high level in the range of 8522-8798. The overall market is short and long, so how should we enter the market? A large cycle is obviously not suitable, because the stop loss space is too large and the profit-loss ratio is not good, so we need to look for entry points at a small level, that is, to find short and more trading opportunities within 1 hour (this is the formation process of trading ideas), It can be seen from the figure that it is basically the same as 4 hours, so it is still necessary to observe the performance of the price in this range, and if it breaks through, go back and go long, otherwise open a short order.
3. Trend Analysis
Trends, positions, and signals are the magic weapon for screening trading opportunities and effectively increasing the winning rate. Generally speaking, we analyze which cycle we do. Take BTC 1 hour as an example. If the previous low cannot be stepped on, it means that the bullish trend is coming, but in the long run, the bearish downward trend has not been broken (the blue line above), so it is expected that the market will be short-term and long, and the market outlook will see the key pressure level above 9295.
4. Location Analysis
The price fluctuates within the black frame, which belongs to the form of high-level consolidation. The idea of consolidation is which side breaks through and which side to do. Therefore, we need to pay attention to the effective breakthrough of the upper and lower edges of the black frame. If there is no breakthrough, follow the operation of selling high and buying low can
5. Signal analysis
As shown in the picture, according to the previous analysis, we need to look for long signals in the black box. Pinbar is marked as one of the long signals in the figure. Although the shape is not particularly good, it gives us a reason to enter the market. We should use it accordingly To do more, the target first sees the previous high.
6. Index Analysis
In terms of indicators, we pay attention to the 3 EMAs. After the positive line is pulled up, the bonded moving averages expand rapidly. There is no doubt that there is a bullish trend. When the price fluctuates at a high level and slowly falls back to step on the small cycle EMA, it forms a Pinbar and is supported. From then on, it gradually tends to the value area. The current slowdown does not mean that bears are here from here.
The performance of the Bollinger Bands is more obvious, the price is above the middle track, and there is a tendency to go long, which is consistent with the previous analysis
7. Transaction Summary
Through the above systematic analysis, we first have the trading expectations of short, long and long. At the same time, we have a clear understanding of the price performance in the current area as a high volatility. With the help of the signal and indicator system, we can accurately enter the market and assist in judging the market. Significantly improve the transaction winning rate and profit-loss ratio, the specific strategy has been marked in the figure.
8. Shanzhai Analysis
ETH
Consolidation at a high level, stepping back on the structural position + FIBO retracement to intervene and do long, the upper pressure is 200.9
EOS
3.41 re-locked disk, it is expected to be consumed repeatedly,
LTC
Step back on 58.42 and there is a bullish signal to intervene to do more, and the upper pressure is 65
BCH
If it does not fall below 236, you can continue to hold more than one order, and once it falls below, it will return to the shocking situation
ETC
Step back on 4.807 FIBO 0.5 retracement, consider buying more orders
XRP
0.273 important support, key pressure 0.28478
Official Account: Rich Generation Charon
Regardless of whether you are trading spot, futures, mainstream currencies or altcoins, as a trader, I strongly recommend that you abide by the following principles to execute every transaction. It’s not that you don’t believe in your ability, but what we pursue is "long-term stable Profit", I never want to see you stud, I don't want to see you get rich, because getting rich means losing money (although it doesn't sound good, but it's the truth), no matter how brilliant you have been, if you indulge once, you will lose money. It may make you lose all your money (any market is so cruel, otherwise, how can there be 1 profit, 2 draws and 7 losses?)
Therefore, I share with you the trading principles that I have summed up over the years. I hope you will abide by and practice them. In the end, the market will reward you thousands of times in return, as follows:
1. Opening an order must have a stop loss (as long as the big loss can be effectively avoided, the big profit will definitely come)
2. Never carry orders, never increase your position if you lose money, only make profits
3. Do not trade frequently
4. Plan your trading ahead of time, don’t gamble
5. Don’t trade when something big happens
6. Set the maximum daily loss limit (recommended 6%)
7. Fixed position trading (recommended 2% per transaction)
8. Strictly trade your plan and don’t have your own subjective ideas
Okay, let’s talk so much with you today. If you think the article is helpful to you, you may wish to forward it to more friends. If you are interested in technical analysis, you can contact me to join the group for free (sanbao1488)
Official Account: Rich Generation Charon
Risk warning: Investing in digital currency is a high-risk investment behavior. The content of this article is for reference only and does not constitute investment trading advice. Investors are requested to invest rationally: investment is risky, and caution is required when entering the market.
Risk warning: Investing in digital currency is a high-risk investment behavior. The content of this article is for reference only and does not constitute investment trading advice. Investors are requested to invest rationally: investment is risky, and caution is required when entering the market.
