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Course 1: BTC/ETH Market Analysis and Short term Opportunities
Course 2: There are so many trading techniques; Being suitable for oneself is the best
Course 3: Exchange of Student Positions and Trading Issues
Technical Analysis Course Plan/Candlestick Chart/Moving Average/Trend Line/Support Resistance/Fibonacci/
BTC/ETH Trend Analysis and Opinion: Bitcoin's weekly market performance follows a standard meteor candlestick candlestick pattern after three consecutive bullish periods and a fourth week of rising, encountering resistance, and falling back; Indicating that the continuous four week upward trend will come to a temporary end; 97865 will become a clear suppression zone in the short term; The probability of a callback will be greater than that of a sustained uptrend
In the price trend of the daily chart; In the past two weeks, the market has been consolidating in the range of around $6000 between 97865-91700; After encountering resistance at the daily level of 97865 in the second half of last week's four trading days, a group of high-level Twilight Star bearish combination signals were received; Yesterday, on Monday, the price retraced to the triple moving average of 10-15 EMA and ended the decline with a cross star pattern; Indicating that 10-15 EMA has a temporary supportive effect; If the market falls below the EMA support in the next two days, the bearish pullback targets will be seen at 91700 respectively. If the market loses, the bears will continue to explore and test the range of 89000-88000;
Yesterday's market fluctuated on Tuesday, and today's morning session saw a short-term surge reaching the 97500 mark; Whether the short-term rally will restart the bullish upward trend needs to be closely observed after the retracement
Operation tips:
The bullish trend of large cycles at the weekly level still exists; But in the short term, if encountering obvious obstacles, it is recommended to seek opportunities at heights below 98000;
Short term trading opportunities within the day? Looking for specific locations? We will also share in the live broadcast room how to find opportunities for both long and short positions to enter;
Welcome to the Tencent Meeting live broadcast room to discuss and exchange with teachers for more details on currency operations and trading issues!
Recommended idea [High altitude]
Focus on Support Resistance Today
ETH resistance 97865-98000/support 92000-91500
For more details, welcome to the live broadcast room for discussion, learning, and exchange!
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.