Consecutive heaven and earth needles, the bulls are unable to rush upwards, behind the shrinking order is the performance of the shorts, the market outlook is bearish

BTC

It has been nearly half a month since the start of November, and the market is basically in a situation of high volatility and convergence. With the monthly level hitting new lows, the weekly performance this week is not optimistic. After breaking the M top neckline, although the policy The positive upward puncture consumed some short orders to be traded, but the price did not hit new highs continuously, which meant that the momentum of the bulls was weakened. Conversely, as long as the bears were strong, the market would still plummet.

From the perspective of the daily line level, the multiple moving average EMA converges, and the bulls are weak. After the price falls below the daily line supply zone, it is unable to reverse and continue to explore the upper edge of the lower box. If it cannot break through with a large volume, then consider the market to continue to fluctuate

Change the EMA parameters to be more sensitive. The fast line crosses the slow line, the dead cross is confirmed, and the opening is enlarged. If the price can return to the slow line, it will give a very good opportunity to enter the market.

Looking at it in 4 hours, maintain the point of view that the market will continue to fluctuate and go down. As long as it does not break through 8400-8600, the possibility of continuing to fluctuate is relatively high. Once the heavy volume falls below the confirmation, the target will see 7200

For spot goods, you can consider buying around 8400-8600 to eat a small rebound, take profit and leave the market near the EMA slow line, the futures are mainly high-altitude, the key pressure level is 8900, and the key support is 8400-8600

ETH

High shocks converge and shrink, the short-term support range is 182-184, and the key pressure level is 190-200. It is recommended to wait and see as the market does not break down further, and there is less room for operation

EOS

4-hour level, shrinking upward, EMA89 continues to be effectively supported, as long as it does not fall below EMA89, then if BTC rebounds, it is expected to break through the key pressure level near 3.6, opening up the upward space

ETC

Stepping back did not break the previous high of 5.24, but it did not make a new low. It is currently in a place where longs and shorts are entangled. It needs to see that it stands firm at 4.76 and does not break the previous low before it can intervene and do long

XRP

The 4-hour level confirms the short trend. The price is currently in the 0.26 support range. The short-chasing profit-loss ratio is too poor, so it is not worth trading. To be long, you need to see a firm footing. Overall, it is not suitable for trading. Wait for the short-selling opportunity around 0.28

LTC

As the EMA continues to create new highs, you can consider doing more along the EMA89, with a stop loss of 58.46

Author: Rich Generation Charon (Master of Finance, Renmin University, trader, currently fighting in the currency market independently, if you are interested in my trading methods, you may wish to follow my official account of the same name "Fudai Charon", I put all the dry goods They are all concentrated in a clearly classified directory,)