Coin King: Bitcoin is in line with predictions and is under pressure. This article tells you where the support is
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. When the market was soaring yesterday, many currency friends asked whether the king would have a chance to make more? What Tianwang said is that the callback has not yet been in place, and there must be a big retracement. Before the voice fell, the market made a deep correction at night. Friends who follow Tianwang’s articles can see that yesterday Tianwang clearly gave the above market suppression , Bitcoin is at the 52,000 line, and Ethereum is at the 1,650 line. The best two opportunities from last night to now, Bitcoin rebounded after 50100, and rebounded to 50700 from 49000 in the afternoon. Ethereum rebounded from 1550 to 1600 in the morning, and rebounded to 1590 from the lowest point of 1535 in the afternoon. The market did not give too many opportunities to enter the market, but our real warehouse group has grasped these two waves. I am very happy, and I don’t understand the whole network to find Wanbi Tianwang.
In the previous article (the title of the whole network: Bitcoin King: Bitcoin is a big positive line, thousands of troops meet each other, and the upper suppression first appears), the king has repeatedly clarified a point of view, any market is not unilateral The rise is just fine. It must be accompanied by a deep correction in the market, and only by taking steps can we get out of the big situation.
Let’s take a look at the specific currency. Bitcoin’s highest rise was around 52,600, and then it was blocked and fell back to test the 50,000 mark. At present, the market is running below 49,000. Overall, the market is running in the Bollinger Middle Rail on the 4-hour chart. The 5-day moving average and the 10-day moving average of the market are currently showing signs of sticking to the dead cross. The MACD and KDJ above the indicators in the attached picture are both short-term energy heavy volume and dead cross operation, indicating that the market has a demand for callback in the short term. It depends on whether the support below can be supported. Personally, I am more optimistic that the follow-up will still maintain the upward trend, because From the perspective of the daily line, the overall trend of the current market has not changed significantly, and the support below the 48,000 line is relatively dense. Convergence, in terms of indicators in the attached picture, KDJ is currently running in a golden cross, and the short energy of MACD is also shrinking, and the indicators show signs of a golden fork. Focus on the short-term 50,000 first-line suppression, the first support below can be placed at the 30 moving average, 47,800 and 48,000 first-line, radical currency lovers can choose to enter long orders at this position, and the second support range can be given to Tianwang’s previous article The position of 47200 has been mentioned many times in it. Prudent friends can choose to enter long positions at this position. When these points are reached, they can enter with light positions. Taking them well is just to control the risk and hold them. More intraday layouts are subject to the firm offer .
For the market of Ethereum, Tianwang said in the article yesterday that the market will test 1650 and then fall back. It also reached around 1650 as expected, and then fell back. The current market is running at 1550, and there is a downward trend. From a 4-hour point of view, the current market is running on the Bollinger middle track. If it can stand firmly below the Bollinger middle track, then the market will definitely go down to the Bollinger lower track. It is recommended to focus on the support range of 1480 to 1450 within the day. At present, the KDJ and MACD of the 4-hour chart are dead forks and the energy of the bulls continues to shrink, so in the short-term, I am more optimistic that the market can be called back to the entry point. Looking at the market from the hourly chart, it is supported after stepping back to 1520. This position is also the lower track position of Bollinger on the hourly chart. If you want to operate for aggressive short positions, you can go to the light position at 1520 to try long positions. The stop loss band is just below 1500, and the profit can be seen directly at 1580. This list is only suitable for friends with more aggressive operating styles. Steady friends still wait until 1480 is given before entering the market. If there is a change in the market, the firm group will be the main one.
In the recent market, there have been more ups and downs, whether it is a step back or a rebound, it will be relatively strong, so if the entry point is not well grasped, it is easy to cause losses. Many coin lovers often ask me whether this position is long or short at the middle point. In the words of the king, I will never make an order at the middle position. I either go to the top to do it, or wait until the bottom to do it. And making orders randomly, the market will happen every day, so there is no need to rush for a while. And I also have some suggestions, that is, try not to hold positions overnight when making contracts. If you want to stay overnight, you must take a stop loss and stop profit. I hope everyone can maintain independent thinking. Your assets have realized appreciation. If you encounter problems in the currency circle and don’t know what to do when making a contract, you can chat with me on the Internet.
