Captain Wanbi: 3.6 Bitcoin and Ethereum market analysis, has the downtrend stopped after another retracement and bottoming?
Good morning guys, have a great weekend! I'm Captain Wanbi. In a person's life, there are always more times when you are frustrated and less time when you are proud. No matter you are frustrated or proud, you must be calm. Be calm when you are frustrated, and calm when you are proud. If setbacks are the wealth of life, then trauma is the driving force for progress. Victory or defeat is a common matter for military strategists, and sorrow and joy are human nature. No one's life will be smooth sailing. If you can face temporary failure with an indifferent attitude, success is only a matter of time.
Bitcoin Market Analysis——
Bitcoin Market Analysis——
Ethereum Market Analysis——
Ethereum Market Analysis——
Yesterday, the market of Ethereum touched the 1548 line in the morning and stepped back under pressure. The shorts attacked strongly. After the lower part retreated to around 1445, it rebounded slightly by about 30 dollars and entered the shock adjustment. At around 4 o'clock in the evening, it stepped back again around 1442 and took a back draw. Afterwards, it closed the sun continuously and began to attack upwards. The upper pin reached 1514 and then stepped back on the vicinity of 1448 to quickly reverse to form the upper and lower pins. The trend of Ethereum is linked to Bitcoin in the near future, but there are slight deviations in technical indicators on the daily line, so pay attention to the news to prevent independent market. The 4-hour level is still in the same direction as Bitcoin. For short-term operation, it is recommended to look at the hourly chart above to enter the market around 1570-1590, break the position to stabilize and give up, and enter the market around 1620-1650. There are many entries around 1500-1470 below, break the position and give up, pay attention to the position of 20 above and below the golden section line 1430. The suggestion is for reference only, do a good job of risk control when entering the market, and grasp the profit margin by yourself.Text/Captain Wanbi (AYZ5108)
