Behind the Moji market is the main force's eagerness to move, and be wary of deep dishwashing.
overall view
Recently, the board is like a tractor climbing a slope. It is difficult to go up and down, and it is stuck in the middle of the ramp. It is extremely uncomfortable. The fluctuation range of about 200 points has been playing for 4-5 days. The current sentiment in the market is to be bullish. Those who are short-sighted do not dare to be short-sighted. This morning, I saw a little brother in a group clear out the coins in his hand because of fear.
To be honest, I think you are very wise, little brother!
Why wise? The reason is simple to say, because he has earned nearly 1,000 points. Although the price may continue to rise at this time, the risk of falling is getting bigger and bigger. Anyone with a little sense should be able to see this. The hidden conspiracy behind the false prosperity, if you don’t understand, you can listen to my live broadcast tonight (20:00 live broadcast)
"The upside is limited, the kinetic energy is weak, the short position has not appeared, and the risk of washing the market has intensified", which is a one-sentence summary of the current market, as shown in the figure belowThe interpretation is as follows, reviewing the historical daily line level, we can clearly see that after the formation of the top on 9.23 last year, the price has repeatedly returned to the key pressure zone of 9850 (buying hold-up area), even if the fundamentals have a very large Positive (big market pull), the price did not break through this position in the end, but quickly fell back to a new low. The hype at the beginning of this year was halved, and it was expected to rise again. The support returned to around 3800, and the current market has come to the key area around 8200.
According to the previous logical trend, there should not be a breakthrough here (8200), because a breakthrough means the unwinding of the buying. If I am the main force, I have no intention to unwind the retail investors. I just want to create a buying climax and set more It's in my interest to be a retail investor.
On the other hand, the downward trend line (the red part in the figure) is still not touched, and the conditions for a trend reversal are not met technically, and there is almost no decent callback during this period of rise, which should not be the case for a healthy bottoming process. There must be at least one downward washing, and this kind of washing must be a deep washing. If it is not deep, how can it be washed away? Right.
So after analyzing so much, my opinion is still the same as before. The target position for short and long is around 8000. You can make a false breakthrough. I think the limit position will be around 8200. If the price really goes up as expected, then I will Pay more attention to short trading opportunities.
Daily puzzle
I will collect some of the questions of the friends in the group every day, and make a targeted answer in the daily tweets. I sincerely hope to help all the currency friends, stop profit every day, and work together.
Q1. Many retail investors haven’t gotten into the car yet. Why won’t the main force pull more than 8200?
Answer: On the contrary, retail investors are actually already in the car. Just imagine that when you see the price from 3,500 to nearly 8,000 now, isn’t it itchy? The more it is at this time, the more we must be vigilant against Gou Zhuang's intentional downward washing and getting stuck.
Q2. When is the time to buy the bottom?
Answer: It depends on your own understanding of the market. For me personally, the current price can buy less "bottom positions" for medium and long-term allocation. The positions will not be very heavy, 10% is enough, and I will wait for more positions The bottom confirmation after the dishwashing is not the time yet.
Q3. When can you be free?
Trading straregy
Trading straregy
The trading strategy is for reference only, the point is Bitget, other platforms are different, compare by yourself.
The daily level is bullish, and there is still some room for strong pressure from the top. In the day, you can consider short-term and long-term. With the DASH positive blessing, the relative odds of doing long are relatively high. At the same time, AB=CD on the technical side, and FIBO expands 382 positions. Point to the key position of 8120, so the long target position can be seen near 8120 first, and it is enough to pay attention to the short trading opportunity to intervene when it is in place.
Step back on the support of the small daily level to intervene and do more. If the volume quickly breaks through 7752, you can chase more with light storage. The upper target first sees the 8000 integer mark. Key support: 7630, 7500, 7200, 7000, key pressure: 7800, 8000, 8200
other species
ETH
Before the price reaches 202, you can consider stepping back to go long. After it is in place, consider shorting the light position. At present, it is a high-level shock and convergence market. The upward space is insufficient and the downward space is relatively easy to be opened. The thinking is mainly light positions are low and long, and the key support is: 192.6, 186, 178.9, key pressure: 200, 205, if the support is broken, pressure will be formed, which can be used as the profit stop level for long orders to open short with backhand.
EOS
At present, it cannot be regarded as an effective breakthrough. The trend is similar to that of EETH. Try to step back on the support as much as possible, protect profits in time, and make money. Key support: 2.74, 2.66, 2.58, key pressure: 2.85.
BCH
At present, the supply did not follow after the break of the high-level wedge at the daily line level, and the shape changed to a rectangular inner triangle.
DASH
It is certain not to short the current production reduction expectation. The key pressure is 92.5. If you can break through in large quantities, you can buy more orders. Before you break through, wait patiently for the opportunity to step back around 80.7
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