Market analysis: ADA hits a new high, beware of batch shipments, the mainstream rebounds, and dealers bloodbath contract bulls
Opinion: The days are short and many, the layout of BTC
After the market plummeted, I have been emphasizing that it is not a reversal of the trend. In terms of thinking, I have always maintained the idea of doing more on dips. Don’t over-interpret this big negative K. You can see it here
Yesterday, the market repeatedly grinded a set of days. The price was crazily tested at the support of 9400. If it can’t fall, it will rise. Moreover, the bullish trend line is still alive. The negative line is obviously to wash away the bulls. If the follow-up shorts do not continue to show their strength, it means that the bulls are strong. The evidence of the main washing (as shown in the figure below)
One thing that needs to be vigilant during the rising process is the place where the big Yin line above fell, which shows a lot of supply power. This kind of selling power will give rise to the market’s short-selling sentiment and sell orders at this position. Hold the long positions and pay attention to timely reduce positions and lock in profits. That's it, don't go chasing more in the obvious pressure zone
In addition, BCH, LTC, and ADA led the market this morning, followed by EOS, and ETH did not increase much. BTC is still suppressed by 9700. You can consider planning to make up for the increase
In terms of the future market, the long-term slow bull market, the demarcation point is when to increase the volume and upside, and confirm the breakthrough of the key pressure level of 10500. After the breakthrough, there will be a basis for a further bull market. Before it falls below 8600, it will maintain a low-many view
At present, investors in the market can be roughly divided into 4 categories, one is holding currency and waiting to rise, the other is chasing the rise in the middle, and has a small floating profit, one is chasing the rise at a high level and is currently trapped, and the other is short/light positions For those who are short-sellers, those who are chasing the rise will be trapped to death by the large-scale killing, those who hold currency wait and see, those with floating profits are very nervous (because the entry cost is not good, and they will face floating profit-taking at any time), and those with short positions and light positions will enter the market Opportunity, whether you dare to enter or not depends on yourself
I think as long as you are not the group of people chasing high quilts, you will not have any big problems. Not chasing high is what I repeatedly recommend everyone to do. It is like doing business. If you have a better cost, you will have With a lot of profits, you can make a lot of tricks compared to others, you can snipe others, hold it patiently, use 8600 as the last line of defense for many troops, and use the 10,000-point mark as a position to increase positions, you can outperform most people
The following are the general trading strategies for futures spot
Price benchmarking: Binance spot entry period: 1 hour or less Scope of application: Today
Today's Strategy: BTC
As shown in the figure below, an upward triangle formed after a smooth falling market, it is better to wait for a breakthrough before intervening. At present, it is recommended to wait and see. If you want to play a game, you can place a breakthrough order on both sides to intervene, and the stop loss can be reversed.
Key support: 9520, 9350 Key pressure: 9750, 10000, 10250 Direction: Shock, wait and see
Today's Strategy: ETH
If the price touches the large-level supply area, it will fall back. If it does not break through 232, it will be regarded as a callback. If you go long on dips, holders of short orders need to lighten up their positions in advance around 232 to prevent a sudden rebound from taking profits. If they can break through 256, Then follow-up see 280 key support: 240, 232 key pressure: 247, 253 direction: go long on dips
Today's Strategy: EOS
Short-term bulls are strong, touch 618 immediately, if there is a signal, you can intervene in shorting, and before it arrives, maintain the bulls' thinking. Key support: 2.7, 2.6, key pressure: 2.76, 2.82, direction: go long on dips
Brief update on other varieties:
BCH: Standing on yesterday's target position, forming an effective breakthrough, stepping back to 250 at the hourly level can be long,
LTC: Continue to operate in a multi-shock range, the price is at the pressure level, you can consider stepping back around 46.85 to stabilize and go long, the pressure is 48, 50, and the support is 47, 45
ADA: There is a suspicion of pumping up shipments. Those with heavy positions need to be cautious. If the price falls below the upward trend line, they will all leave the market. New interventions can wait to step back around 0.085
LINK: Reached the weekly pressure zone, not suitable for new intervention, strong selling pressure, temporarily wait and see
Analyzing with an analyst's mind
Execute with the discipline of a trader
