Jiang Xin's Discussion on the Tang: The Market Trend of Bitcoin on October 17可能

CN
2 hours ago

Good evening everyone, I am Jiang Xin. Yesterday's simulation and adjustments were incredible. The points provided are still those of the market makers, perhaps because I apologized yesterday, I slightly softened my stance towards the market. Strong individuals become soft, and there must be great fortune; it's normal if you haven't heard this saying because I just made it up.

Below are yesterday's multiple thoughts, as well as two adjustments, including today's adjustments, all of which are strokes of genius. This is the composure and confidence of an experienced trader. Last night at five o'clock, Ethereum started at 4216, with an hour of eight consecutive bearish candles. During this time, it rebounded nearly a hundred points around 4000, but the next candle was overwhelmed by selling pressure. At one o'clock in the morning, it dipped to around 3930, liquidating a large number of long positions. There was some resistance here, with the hourly KDJ indicator showing a low-level golden cross, but the RSI indicator failed to break through, only rebounding to 4100 before facing pressure again, dipping to around 3920 at five o'clock in the morning. From here until four o'clock in the afternoon, it was in a low-volume consolidation. Around five o'clock in the afternoon, it dipped to around 3940 and then rebounded to around 4080. We can see that 3980 is a point of divergence and tug-of-war. The entire afternoon was a process of low-volume rebound to repair indicators. The current price is running at the upper band of the hourly Bollinger Bands, with multiple MA indicators beginning to converge, and the hourly EMA30, which is 4020, may become a short-term support.

As for Bitcoin, it faced resistance at 113500. After dipping below the 110000 mark in the early morning, it oscillated narrowly around 111800-110400 during the day, mainly tugging around 110800. After dipping to around 109500 at five o'clock in the afternoon, it rebounded to 101800 but faced resistance again. The entire process was nothing noteworthy, just resistance. The hourly EMA30 is under pressure, and the price is at the mid-band of the hourly Bollinger Bands, running at the lower band of the four-hour chart.

Let's first focus on the oscillation. For Bitcoin, we pay attention to the upper levels of 111800-112500-113800 and the lower levels of 110400-109500-108800-107200.

For Ethereum, we pay attention to the upper levels of 4080-4120-4175 and the lower levels of 4020-3950-3880.

I suggest shorting Bitcoin at 112200, adding at 112800, and taking profit at 113650.

First look at 110400, then at 109200.

For long positions, buy at 108500 with a stop loss at 107800. For Ethereum, add at 4060-4080, add at 4120, and take profit at 4145. First look at 3980, then at 3950; if it breaks down, then look at 3885. If buying long at 3938, take profit at 3910.

Today, like yesterday, during the daily updates, the market moved significantly. Yesterday's post made slight adjustments to the future market range, which has been fully validated by the market! Since the outlook for the future market remains unchanged, no further modifications will be made.

Strategies are time-sensitive, and adjustments will be regularly updated on the public account: Jiang Xin on Trading, welcome to join our family.

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