Cryptocurrency News
April 18 Highlights:
1. The Federal Reserve Chair hints at possible easing of cryptocurrency regulations for banks.
2. Cryptocurrency exchange eXch announces it will cease operations on May 1.
3. Amid market volatility, Coinbase International's BTC perpetual contracts reach a weekly trading volume of $10 billion.
4. New memorandum from the U.S. Department of Justice: significant shift in cryptocurrency policy.
5. The U.S. SEC officially announces the agenda and participants for the cryptocurrency custody roundtable.
Trading Insights
- Strictly control positions, avoid gambling with account funds of 1000, keep margin control at 50-100 (5%-10%). Use high leverage for short-term trades with quick entries and exits, taking profits at 20%-50%; for long-term trades, use low leverage and proceed steadily, avoiding full margin bets.
- Ironclad stop-loss rules: take profits when the market is favorable. The market changes rapidly, so set stop-loss lines in advance to protect yourself, and secure profits. Don’t let greed consume your profits, and don’t frantically average down on losses, as it will only deepen your predicament.
- Avoid emotional trading: fear and greed are the main culprits of losses! Develop a trading plan before entering the market, limit the number of trades per day, and refuse to chase prices emotionally.
- Accurately judge market conditions: ① In a volatile market (common on weekends), act quickly and exit immediately if there are profits. ② In a trending market, trade in the direction of the trend, buying on dips/selling on highs.
- Trend is king: follow the trend by analyzing weekly and daily charts; trading against the trend is like giving away money! Grasp the trend to ensure consistent profits.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and test the waters.
Data is real, and each trade has a screenshot from the time it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily chart showed an increase from a low of around 83700 to a high of around 85450 yesterday, closing around 84900. The support level is near MA30; if it breaks, it could drop to MA14. A pullback can be used to buy near this level. The resistance level is near MA60; if it breaks, it could reach MA200. A rebound near this level can be used to sell. MACD shows a decrease in bullish momentum. The four-hour chart shows support near MA200; if it breaks, it could drop to MA120. A pullback can be used to buy near this level. MACD shows a decrease in bearish momentum and signs of a golden cross forming.
ETH
Analysis
Ethereum's daily chart showed an increase from a low of around 1560 to a high of around 1615 yesterday, closing around 1585. The support level is near 1545; if it breaks, it could drop to 1465. A pullback can be used to buy near this level. The resistance level is near 1670; if it breaks, it could reach MA30. A rebound near this level can be used to sell. MACD shows an increase in bullish momentum. The four-hour chart shows resistance near MA30; if it breaks, it could reach MA90. A rebound near this level can be used to sell. MACD is stabilizing with dual lines converging.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific trading advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have some lag; if you have any questions, feel free to consult.
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