OKEx Investment Research: The 60-day cost line will play a role as scheduled, and we still need to be cautious before the 9700 level is broken

特邀专栏作者

2020-06-22 18:45 (UTC+8)

This article is about 1702 words, reading the full article takes about 3 minutes

Pay attention to whether the 9700 resistance is effectively broken. If it does not break through for a long time, it will inevitably face a fall below the 60-day moving average support, which is very unfavorable to many parties!

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The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation

The screenshot is from the 4-hour chart of the OKEX Bitcoin quarterly contract: For the market, there are two perspectives, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience. Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .

The current objective trend and coping strategies: Since February 12, the currency price has been trading sideways in a narrow range for more than ten days. So far, there is still no clear signal of breaking away from the consolidation pattern. , Pity me waiting for the majority of retail friends to wait. . .

A little entertainment, soothe your entangled mood, let's talk about the topic. In last Friday’s evening review, it was suggested to pay more attention to the supporting role of the 60-day moving average, and a simple solution was given. At present, it is relatively consistent with the actual trend, and the currency price is adjusted to the vicinity of the 60-day moving average. fall back up.

Although the current short-term trend of the currency price is still in the process of rebounding, the rebound is not strong. The key is that it has not broken away from the suppression of the important short-term resistance of the 9700 line. It is recommended that those who already have multiple orders in their hands can consider continuing to hold them (here is the idea of short-term traders, the focus of attention in the mid-line band should be on the 8550 line, if the price does not break, you can consider reducing the position, but not short positions, do not hold headroom head position), but it is still not suitable for increasing positions. So under what circumstances can you consider increasing your position? I personally think that if the 9700 first-line resistance is broken by heavy volume (preferably after the K-line of the 4-hour chart closes and the price stands above it without a long upper shadow), it can be considered.

Friends who want to be short, it is recommended to watch more and move less before the 60-day moving average has not broken, and then consider it after a clearer signal appears.

resistance and support

Resistance: 9550--9700--10000

Support: 9450--9250--8600

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation

The screenshot is from the quarterly 4-hour chart of OKEX Ethereum: the current objective trend and coping strategies: ETH follows BTC and continues to consolidate, and the midline trend is structurally stronger than BTC. If the market rally continues in the later period, then the potential strength of ETH’s rise is probabilistically speaking Also higher than BTC. However, before the current consolidation situation is over, they are on par with each other.

It is recommended to continue to treat it with volatile thinking. Before the 220-242 consolidation zone is clearly separated, do not rush to chase the rise when it is close to 242, or kill the fall when it is close to 220. If the 242 resistance appears to break through in large quantities (refer to the breakthrough standard for the abbreviation of BTC), the upward trend is expected to continue, and a chasing strategy can be adopted under the premise of strictly controlling the position to deal with it, and at the same time, strict risk control.

The meaning of the Yang line circled in the picture is that if you have multiple positions in your hand, you can consider setting the stop loss below the K line (230). below that price.

resistance and support

Resistance: 242--246--253

Support: 236--230--220

The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - consolidation

The screenshot is from the OKEX EOS quarterly 4-hour chart: the current objective trend and coping strategies: the trend of EOS in the past two days is also more in line with our prediction on Friday evening review. -2.63 interval shock operation.

At present, there are similar bottom deviation phenomena in the currency price level of 4 hours and below, including other mainstream currencies, and now the rebound continues, the stagflation phenomenon is not obvious, and the probability of continuing to rise is relatively high. But in this kind of volatile market, you can't chase the rise even if you are bullish, and only consider buying when the price pulls back. The short-term resistance above is still 2.63. Even if it breaks through effectively, it will be difficult to see a big rise. Near 2.75 is also a strong resistance area. Before trading, you should weigh the profit-loss ratio.

resistance and support

Resistance: 2.63--2.68--2.75

Disclaimer: The content of this column does not constitute any investment advice, and the content is not prepared for any individual investor's specific investment objectives, financial situation and individual needs. Investors should not only invest according to the contents of this column. Before making any investment decision, investors should consider the characteristics of the product, their own investment objectives, acceptable risk level and other factors, and seek professional advice as appropriate.

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