BTC reversal negates, bulls attack, abnormal heavy volume may be the main shipment
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The reversal of BTC negates the upside of the bulls, and the abnormal heavy volume may be the main shipment
abstract:
abstract:
The BTC daily reversal signal was denied, and the bulls continued to attack
The increase in hair volume is not strong, and it is seriously suspected that long shipments
The main idea is to call back and do more
EOS, ETH have huge upside potential
(The prices mentioned in this article are all Binance spot prices, and trading strategies are applicable to futures spot)
(The prices mentioned in this article are all Binance spot prices, and trading strategies are applicable to futures spot)
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BTC overall market:
Bitcoin closed on the 10th with a big negative line engulfing downward, forming a relatively critical reversal signal at the 10,000-point mark. It is expected that if the price can break the 9600 support downward, it will form a daily line level A more obvious sharp retracement market.
However, the market did not go out of the way we wanted. Yesterday, the market opened downward and continued the pressure of engulfing the top to test the low point. The lowest reached 9702 and oscillated repeatedly here. A short position with a large amount of energy was formed at the 4-hour level Do not follow the situation, and then a big positive line quickly broke through upwards, almost recovering the drop of more than 400 points in the past two days within 30 minutes, and at the same time did not stop at the previous high and directly broke through to hit a new high, currently closed at 10300 nearby.
Generally speaking, the previous top expectations were rejected by the market. With the substantial positive fundamentals + the heavy support of EOS BCH, the price has repeatedly hit new highs. Even if there is a supply, there are not many sellers willing to follow, resulting in a slightly sideways price. There will be a lot of bottom-hunting funds entering this position. We can find some clues about this from the data on the chain and the transaction data of large pending orders
With such a large amount of BTC, it only pulled up to the previous high and only broke through about 100 points (it has not yet fully stabilized), and such a huge trading volume corresponds to a large number of trading orders, that is, a large number of changing hands, more People are selling, and the high volume of transactions makes me have to doubt the shipping behavior of the main bulls
short term strategy
Although my personal tendency is to sell the main force of the bulls, it does not mean to intervene in short selling. On the contrary, under the obvious bullish trend, we should firmly go long. Although there is a lot of pressure on the top, as long as the short sellers do not perform, then we don’t need to pay attention. Just be firm and go long on dips. The key support is 10180 and 10241. This position is more radical. Those who are eager to get on the bus can intervene here. The more secure position is 10180, and the important pressure range above is 10750-11000
midline strategy
2.12 Strategy: The key pressure is around 520. After breaking through 495, it is more unilateral, and it is mainly to step back and do more. The key support is 496.1, 484.7 in turn.
ETH Strategy of the Week
2.12 Strategy: Break through the key pressure level of 230 with heavy volume, and the upper pressure is around 272. There is basically no resistance in the middle. We are bullish all the way. The target is the pressure level of 272-284. In the short term, there is no doubt that the bulls are the main players. Pay attention to the callback support 237. If the price does not give a callback opportunity and chooses to break through upwards, then break through 248 with heavy volume and chase after light storage. The key support is 242, 236
EOS Strategy of the Week
2.12 Strategy: For strong bulls, the pullback is basically very shallow. Do more by stepping back on the support. The support is 5.33, 5.24, and 5.18 in sequence. If the market breaks down the support, set the stop loss at 5.13 and leave the market.
BCH Strategy of the Week
2.12 Strategy: The key pressure is around 520. After breaking through 495, it is more unilateral, and it is mainly to step back and do more. The key support is 496.1, 484.7 in turn.
BCH Strategy of the Week
Finally, I wish you a fortune!
LTC Strategy of the Week
2.12 Strategy: The key support is 77.5, the callback can be long, if the continuous rise does not pull back, you can stick to the moving average to find a signal to intervene and do long
XRP Strategy of the Week
2.12 strategy: break through the previous high of 0.286, the key pressure zone of 0.307, the current callback is long, the support is 0.286, 0.283, 0.2798 in turn
ETC strategy of the week
2.12 Strategy: Waiting for the long entry opportunity given around 12, the breakthrough range is not very strong, you can look at ETH and EOS more
Finally, I wish you a fortune!
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