Falling relay, if you can't break through this position, the market outlook is still strongly bearish
The information and data in this content come from my TV analysis, and the price refers to the FTX and OKEX quarters of the platform. This content does not constitute investment advice, and investment is at your own risk.
market analysis
market analysis
BTC
The monthly line level is a pattern of continuous new lows, and the overall trend is still dominated by short selling. This Monday, it was mentioned that the weekly line closed a rare pregnancy line break. Although the magnitude is not strong, it still gives us a tendency this week. For the point of view of market rebound, we only need to go to the small level to verify, find trading opportunities, formulate trading opportunities, and get relatively good results.
The daily line level of 8946-9200 is a very critical pressure level. This position brings together the pressure transformed after the historical support has been broken for many times, the demand for unwinding of the above locked-in buying, and the technical overlap of the descending trend line + FIBO. It is impossible to expect a breakthrough. It can be said that once the price returns to this area, as long as it does not break through, it must be a suitable opportunity to open short.
Zooming out from the graphic, yesterday’s breakout was a harami breakthrough, and today we tend to look for short-selling opportunities. Generally, the harami brings us a continuation of kinetic energy. Since the kinetic energy is going downward, obviously we should not go against the trend. It is right to go short with the trend, but this is not contradictory to the above-mentioned point of view of going long on the weekly line, because the levels are different, we can see long at large levels, and short at small levels, and wait for the trend of long at small levels to appear. Go long, no questions asked!
Let's narrow down the level to see if there are any trading opportunities for us. In 4 hours, the price has returned to the FIBO618 callback level of the previous upward trend, which was supported by FAKEY and then pulled back. The current price is shrinking in this area. Everyone can understand this. , but what is more worthy of attention is why does this position produce support? ?
Open the trading volume distribution chart (VP) and you can see the above picture. You can pay attention to the two circles and two boxes marked in the picture. The reason behind the concentration is that a large number of chips change hands, that is, the chip-intensive area, so there will be a change of hands when there is a sale, the key question? Who is buying? Who is selling? C can tell you directly here that a large number of bottom buying orders are concentrated in the upper box, and there are remaining buying orders waiting to be traded at the bottom, so when a big negative line comes down, these unfilled buying orders are traded, causing the price to rebound, but It is not good news for bulls to shrink, because no one is willing to follow, so the next operation strategy is to wait for the signal of shorts to intervene in shorting. The target can be seen around 8200 first, and see if it can break through with a large volume (note the previous article). If so, then Your stock is going to be reduced~
ETH
4 hours is a normal callback in the downward band. When the price reaches 618, it is directly pushed back into the ascending channel. At present, it is necessary to pay attention to whether the support in the red frame area (near 181) in the figure breaks down. Once it breaks down, the upward trend line is broken+ The strong resistance of multiple supports, you can consider shorting, if it does not break, see if you can break the new high, otherwise the operation is still at a high altitude around 196, and it is much lower along the upward trend line, ignoring the intermediate fluctuations
EOS
I have called many times for high-quality short-selling targets. The price is under the pressure of the downward trend line and the previous high. With the BTC directly falling to the front demand, the idea is to rebound and short (the position of the green circle in the picture), about 3.1, this variety is basically CX currency, the bear market has no interest in rising at all, and it will go off the screen when it falls.
trading rules
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)
