The support of Bitcoin and Ethereum will gradually move down, are you ready for the long layout?
Let’s take a look at the market. Friends who have been following Wangyuan for a period of time should be clear about Wangyuan’s thoughts in the past few days. As mentioned in the previous two articles, after the market soared and touched the neckline of the head and shoulders in the early stage, in the short term, you want to Breaking through the neckline is very difficult, but from the perspective of the five-wave upward pattern, if the previous three-wave pattern ends and a new five-wave upward pattern starts, then the first wave will form at the neckline and retreat. Here we It needs to be known first that there must be an expansion wave in the basic wave, and generally the expansion wave is the third wave, so on the basis of the third wave as the expansion wave, the second wave is best to exceed the Fibonacci 0.618 times of the first wave Withdrawal, but it exceeds the position of 0.5, so this is also the layout pending order area for the medium and long-term long orders below us.
We have also mentioned the short-term market. The breakthrough below mainly focuses on 10800 and 10600. From the overall market operation of today's white market, we can see that 10800 is basically broken. In the short term, we will no longer intervene in multiple orders and multiple single points. It can be moved down to the middle track of the daily line and the MA10 moving average, and the single point above can be moved down appropriately, and it can be placed near the MA30 moving average.
To sum it up is:
Enter more orders around 10650-10700 below, and place the stop loss below 10600.
Enter an empty order near 11050-10950 above, and place the stop loss above 11130.
The target is 150-250 points, or you can take profit according to your own psychological expectations.
From the daily line of Ethereum, we can see that there are many moving average supports and belows in the 370-375 area, and from the previous three supports, the support point of 375 may move down, so in the short term we You can focus on here, if the support is effective, you can still establish long orders here, and the upper suppression is still at the position of 390. From the previous breakthrough situation, if there is no strong breakthrough in the later period, the pressure effect is still there. The operation is still around the range of 370 and 390.
To sum it up is:
Set up a long order near 365-370 below, stop loss below 360,
Create an empty order near 390-385 above, stop loss above 395,
The target is 10-15 points, or take profit according to your own psychological expectations.
