Coin King: Bitcoin hits 52,000 and falls back, and the key nodes have not broken through, and we need to work harder
Don't worry about ignorance in the road ahead, but there are friends on the investment road. Hello everyone, I am the King of Wanbi, and I am very happy to review the market with you at this time this afternoon. First of all, it coincides with March 8th, I wish all female compatriots a happy holiday! Last week, after today's continuous decline, the Bitcoin market first stopped falling and rebounded at 43,000 points, and then was supported again at 47,000 points and rebounded to hit the 52,000 mark. At present, it is under pressure again in the short term. The divergence of the entire market can be said to be increasing. In this round of rebound, Ethereum, the most beautiful boy on the market, led the entire market. At present, the rest of the currencies have not achieved effective follow-up, and are currently only a small symbolic rebound. If this wave of gains can be maintained, then the follow-up supplementary growth of other currencies is foreseeable.
Yesterday morning, Tianwang’s strategy for Bitcoin was to directly go long at 49,000 points, and in the evening he gave a strategy of directly going long at 50,500 points. The goal is to directly see that 52,000 points have almost arrived this morning. Ethereum gave that near 1640, you can enter the long and single take-profit point, and the 1720 was also successfully reached. In fact, the recent market is very simple. The overall trend has been fluctuating back and forth between Bollinger’s upper track and Bollinger’s lower track. The low position is the main one. In this market, smart people will always make a lot of money. Tianwang will regularly analyze and explain the market of the day every day. There are also many friends who come to chat privately and want to get some real-time market analysis and advice. The whole network The king of looking for money also knows everything, because I hope that friends who follow me can harvest their own wealth in the currency circle.
The position of 52,000 points has been mentioned many times in the previous articles of Bitcoin King. This position can be said to be a link between the past and the future. As long as the market can break through 52,000, we can boldly say that the big bull is back. After the breakthrough, even From my personal point of view, I suggest that you can chase some long orders with light positions. On the contrary, if 52000 is not broken through strongly, then the market will continue to fluctuate. At present, the overall trend of Bitcoin is still relatively strong. The recent fluctuations are also very violent, but the rise is fast and the fall is also fast. Almost no matter whether it is rising or falling, the range exceeds 1,000 points, and each time the market is basically The above all happened in the middle of the night, and many coin lovers would feel that it was impossible to do it, but from the perspective of the king of heaven, in the coin circle, there are green hills left, and they are not afraid of being burned out. It’s not a pity if you can’t do it. If you really want to make a stop loss, it’s also very good to place a good order at a more critical node position. Let’s take a look at the daily line of Bitcoin first. Yesterday’s closing line was successfully closed above the middle rail of Bollinger, so overall, there is still a trend of continuing to break through today. Currently, the 5-day moving average and the 10-day moving average are combined at 48300. A short-term support. Judging from the 4-hour chart, the market has been suppressed and fell back at the Bollinger upper rail. At present, it has touched the Bollinger middle rail of the market in the short term and rebounded slightly. The KDJ on the attached indicator is currently running at a dead cross, and the MACD has also turned to short energy. On the whole, there is a need for a callback in the current short-term market. It may be more obvious on the hourly chart. The market as a whole has broken the support of Bollinger’s lower track. At present, the indicators attached to the small rebound are all bearish. So today in the short term, we should not aggressively advance more ahead of time, but wait until At the key support level, try to enter the market with more orders. It is suggested that Bitcoin, at the bottom of 48500, radical friends can buy more; steady friends wait until the position of 47800 to buy more, all are 1/10 positions, and the target is 1000 points.
In a word, Ethereum is thriving. In just two trading days, it broke the two key nodes above 1600 and 1700 given in Tianwang's previous article, and the trend turned from empty to bullish in an instant. Judging from the daily line, Ethereum is in a continuous positive period, and has strongly broken through the Bollinger middle track, and is currently rushing towards the Bollinger upper track. As of the time of writing, Ethereum is currently running around 1680. At present, the 5-day moving average has also begun to turn upwards and run through the 10-day moving average. The MACD on the attached indicator is about to start to increase the energy of the bulls, but KDJ shows signs of turning the head, indicating that there is still some suppression at the top, but the overall strength is not too strong. There may be a temporary pullback in the short term. From the 4-hour chart, it may be more obvious. After touching the Bollinger upper rail, the current market has achieved three consecutive negatives. The indicators MACD and KDJ in the attached picture are both running short, and the market is moving towards the Bollinger middle rail. Signs, currently focus on the lower support level of 1600. For short-term operations, look at the lower track of Bollinger below the hourly chart. The position of 1640 is also the long-short watershed that I mentioned in the previous article. As long as the market rises above 1640, I suggest Chasing more positions. In terms of the overall layout of Ethereum today, I personally suggest that 1600 to 1625 can be entered into multiple orders in batches, with a target of 1700, and it is enough to operate with 1/10 of the position.
Because the recent market may fluctuate greatly, after many currency friends joined me, they asked me what I think of the market from morning till night. Ethereum fluctuated by 20 to 30 points, and Bitcoin fluctuated by 200 to 300 points, so I asked me if the market was about to break through. In fact, in this kind of market, neither the long order nor the short order has broken the position. It is a range trend. Don’t worry, if you reach the support level or suppression level I gave, you can just place an order. Don’t worry if you do it, and don’t worry if you don’t. When you make an order, you have to understand the overall trend of the market, which position is support, and which position is suppression. Otherwise, it is okay to meet reliable analysts in the currency circle, and the order may be gone if you encounter unreliable ones. , if you encounter any problems on the road to the currency circle, please feel free to find me and chat with me at any time, hoping to untie your knot, just look for Wanbi Tianwang on the whole network.
Disclaimer: I, Bitianwang (Public Account Wanbitianwang) are mainly oriented towards the current contract, and strive to be objective and fair in the content and opinions contained in the article (report), but do not guarantee its accuracy, completeness, timeliness, etc.; in this article (report) The information or opinions expressed do not constitute any investment advice, and Bitianwang (Wanbitianwang) is not responsible for any actions taken due to the use of this article (report), please participate in the cryptocurrency market with caution.
