This article is exclusively analyzed by Baiqi & Guanyuyu, representing the exclusive viewpoints of Baiqi & Guanyuyu. They have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article, the following viewpoints and suggestions are not real-time and are for reference only. Please bear the risks and indicate the source when reposting. Reasonably control your position when trading, and do not overexpose or go all in. For more cryptocurrencies and spot trading strategies, please follow the official account.
BTC
Yesterday's review: After trading sideways, it tested the bottom again, and the current support at 57600 is effective.
Recent focus: Support at 57600 below, support at 54600 below, extreme needle insertion at 50500-49000. Resistance at 61200-62700 above.
Key focus: Support at 57600 below, resistance at 61200 above. Extreme needle insertion at 50500-49000.
If the 61200 resistance is effective, go long if it retraces to 57800 without breaking. Also, pay attention to the accelerated downtrend if it falls below 57600.
Structural form: Three bottom probes at the 2-hour level. Neckline at 57600 support, 54600 support.
Trading ideas<<<<<<
Long position: Rebound to the 54600-54000 range without breaking, and go long if there is a bottom formation signal on the 5-minute or 30-minute chart.
Long position: Rebound to the 57600-56600 range without breaking, and go long if there is a bottom formation signal on the 5-minute or 30-minute chart.
Short position: Rebound to the 62700-63700 range without breaking, and go short if there is a top formation signal on the 5-minute or 30-minute chart.
Short position: Rebound to the 63700-65000 range without breaking, and go short if there is a top formation signal on the 5-minute or 30-minute chart.
Personal viewpoint:
After breaking the slope line yesterday, it led to an accelerated downtrend, and successfully formed a bottom after the needle insertion in 30 minutes. Currently, it seems to have formed a bottom within the day, so the trading idea should be to go long on retracement.
The weekly K-line is currently a large bearish candle, and the BTC weekly level retracement is not deep. However, whether it can retest the lower shadow of the weekly K-line is a question.
In the past two weeks, I have always gone long when there is a retest of the lower shadow, and not gone long without it. However, from the current market situation, the depth of the ETH weekly test seems to be enough. Therefore, I am not so persistent that BTC will also test so deeply. So, when BTC falls again, I will start to layout long positions with a small position.
Layout strategy: 1% total position, entering 2-4 times. For example: enter 0.25% total position at 58000, 0.25% at 56000, 0.25% at 54000, and 0.25% at 52000.
By doing this, I won't be troubled by missing out on the market, and won't put too much pressure on myself due to heavy positions. I rarely use stop-loss orders, so I will control the position to manage the risk. For lightly positioned orders, you must be able to hold them. If the profit is too high and you can't hold it, then reduce the position to take some profit, and then continue to hold. Until a long-term chart gives a signal to stop rising.
Everyone should pay attention to position management and be cautious about heavy positions.
Graphical explanation: The yellow line represents the structure and form, the red line represents the slope line of the wave band, and the white line represents the support and resistance of the key neckline. Go short near the upper range within the range, and go long near the lower range within the range. If the entity breaks the support and resistance, you can lightly chase long or short. Set the stop loss to the top and bottom of the broken K-line.
ETH
Yesterday's review: After trading sideways, it tested the bottom again, and the support at 2380 is effective.
Recent focus: Resistance at 2550-2510 above, extreme needle insertion at the top to 2720-2740 range.
Structural form: Three bottom at the 2-hour level, neckline at 2380 support, 2510-2550 resistance.
Points to note: Support at 2380 below, 2310 support, resistance at 2510 above.
Extreme upward needle insertion at 2720-2740 or 2650-2670. Extreme downward needle insertion at 2320 and 2120.
Trading ideas<<<<<<
Short position: Go short if the rebound to 2720-2740 does not break through, and there is a top formation signal on the 5-minute or 30-minute chart.
Short position: Go short if the rebound to 2550-2590 does not break through, and there is a top formation signal on the 5-minute or 30-minute chart.
Long position: Go long if the rebound to the 2120-2050 range does not break, and there is a bottom formation signal on the 5-minute or 30-minute chart.
Long position: Go long if the rebound to the 2380-2340 range does not break, and there is a bottom formation signal on the 5-minute or 30-minute chart.
Personal viewpoint:
From a monthly perspective, there is no end to the downtrend. If the weekly K-line closes with a large entity, the market is likely to continue to decline.
Pay attention to the strategy orders given below.
The K-line has upper shadow, entity, and lower shadow. For the monthly K-line, pay attention to giving the lower shadow first, then the upper shadow, and then the entity.
When switching between multiple time periods, pay attention to extreme market conditions, wash trading in both directions, and do not blindly add positions.
Everyone should pay attention to position management and be cautious about heavy positions.
Graphical explanation: The yellow line represents the structure and form, the breaking of the large wave band slope. The white line represents the support and resistance of the key neckline. Go short near the upper range within the range, and go long near the lower range within the range. If the entity breaks the support and resistance, you can lightly chase long or short. Set the stop loss to the top and bottom of the broken K-line.
One cold knowledge a day:
How to lightly position long-term orders, divide the total position you want to enter into 2-4 times. After entering, do not sell at will. For long-term orders on the daily chart, do not exit without a double K or triple K reversal signal. (Lightly positioning cannot withstand excessive volatility)
The analysis and strategies have a time limit, please refer to the real-time guidance on the official account!
[Friendly reminder]: The above content is original by Baiqi & Guanyuyu. The advertisements at the end of the article and in the comments section are not related to Baiqi & Guanyuyu. Please discern carefully, thank you for your appreciation. Welcome all investors to follow Baiqi & Guanyuyu's WeChat official account to learn more about real-time market analysis.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
