Bitcoin rushes up and falls back, be wary of long shipments, do not chase high
BTC review analysis
————Trader C.Axelord
BTC review analysis
There is nothing to see on the BTC daily line. The market fluctuates at a high level. Continuing the judgment of the previous few days, the focus today is that there is a very obvious phenomenon of long shipments at a small level, and we need to be vigilant
1. What is shipment?
To put it simply, it literally means that when you hold a long order of BTC, you want to sell it at this time, and the process of placing the sell order in the market for transaction is "shipment"
2. Why should we be wary of shipping behavior?
This involves the essential principle of the financial market. I talked to you in the last live broadcast. The price fluctuations come from the game of order volume between buyers and sellers, and long-term shipments mean the reduction of long-term orders and the weakening of one party’s power. Once the strength of the other party is shown, it will have a very large impact on the market price
It's like two people boxing. If one person has no food and no strength, he can easily be overwhelmed by the other in good condition. The principle is the same.
3. Does the shipment mean that the price will reverse quickly?
No, the price reversal means the change of the trend, and the change of the trend needs time and space to run, and it does not happen overnight, so the appearance of the shipment behavior often means two things. Second, be wary of possible short intervention. If both of these things happen, the trend will reverse with a high probability
Before this happens, all you can do is protect your positions, keep your profits, and don’t let the ducks you get fly away
4. Is it more or less now?
06.10: Maintain yesterday's thinking
Mainstream contract strategy
06.08: There is a high probability of fluctuation between 9800 and 9300. During this period, selling high and buying low are the main strategies. If it breaks above 9800, you can establish a long order and is expected to hit 10,000 points. If it breaks below 9300, you will turn to a short position. The stop loss is fixed to 200 points.
06.09: The price hits the upper edge of the range as scheduled, intervening in the short-selling and taking profits in a timely manner. At the same time, this kind of heaven and earth needle has no analytical significance, the price has not changed, and the market outlook is bearish. The operation idea remains yesterday, and the direction after the breakthrough is concerned
06.10: Maintain yesterday's thinking
06.11: Convergence of the top shape, the key is to see if 6.57 can break through, and the top will be confirmed if it breaks, wait and see now, don’t easily intervene in long orders, the risk is relatively high
ETH
06.08: 246.5-236 sell high and buy low
06.09: Same as yesterday, if you enter the short market, you can protect the position in time, and if you don’t intervene, look at yesterday’s strategy
06.10: Maintain yesterday's thinking
06.11: The performance is not very strong, the overall is converging at a high level, there is a chance to go up, the premise is to break through 253.7, the stop loss can be set here for short orders, and go long around 243.6
EOS
06.08: Convergent market, the price repeatedly touches the upper and lower edges, pay attention to the long and short opportunities of the upper and lower edges, weak back stepping on the long side around 2.757, short around 2.825
06.09: Go out of the small-level short market, break the position to short at 2.74, reverse the short position around 2.78, and stop the loss before the high
06.10: Maintain yesterday's thinking
06.11: Shock range, do not subjectively predict the ups and downs before breaking through, you can sell high and buy low between 243.4 and 251.6, reconsider the trading direction after the breakthrough
BCH
06.08: You can intervene short around 255, which is almost the current price. Just place the stop loss at 257.7. Converge the market, the stop loss is not much, and there is a lot of room for the bottom edge of the stop profit.
06.09: Maintain yesterday's point of view, sell high and buy low, there is not much room, run in time
06.10: Maintain yesterday's thinking
06.11: It is relatively weak, but it will be more aggressive once it moves. At present, it is recommended to wait and see. If you are aggressive, you can choose to stabilize at 255 and intervene in long orders. The target is 264.5
LTC
06.08: If the supply line is slightly broken through, the breakthrough rate is not good. You can pay attention to whether the strength of the dip can break through 46.2. If you stand firm, you can take a lot of light positions. If you are not stable, you need to test the support of 45.48. If it breaks, it will be a If there is a large section of space, you can consider establishing a long distance around 45.5
06.09: 45.5 The number of establishments just hit the needle, and some positions can be reduced to take profits. The overall trend is mainly to converge
06.10: Maintain yesterday's thinking
06.11: It is expected to continue to fluctuate between 46.67 - 45.99, sell high and buy low
XRP
06.08: If the pressure is very heavy and you can’t get through, you can go short, around 0.2033, the current low, just put the stop loss at 0.2055
06.09: Maintain yesterday's thinking
06.10: Maintain yesterday's thinking
06.11: Unknown direction, wait and see
ETC
06.08: If the position is reversed and shorted, it is around 6.8555 and the target is around 6.6. It is still in the range of shocks, and there is no obvious directionality. It is good to stop profit in time when encountering the support level
06.09: If the anti-drawing is expected to be near the high level yesterday, you can continue to hold the short position. If you have not intervened, wait for yesterday's point to re-intervene
06.10: Maintain yesterday's thinking
06.11: Convergence of the top shape, the key is to see if 6.57 can break through, and the top will be confirmed if it breaks, wait and see now, don’t easily intervene in long orders, the risk is relatively high
