Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 11.17

Bitcoin continued its rebound from yesterday, with prices maintaining a fluctuation above 90,000 during the day. The short-term trend shows an upward fluctuation, and it is once again approaching yesterday's resistance area.

From the four-hour chart, the current price is running above the middle axis. In the 4-hour cycle, both the DIF and DEA are negative, and the MACD histogram shows green bars but with signs of shortening, indicating that the bearish strength is weakening, and there is a limit to the short-term rebound. The current price is above the EMA7 and gradually approaching the EMA30. If it can break through the EMA30, it may further test higher resistance levels. Everyone can take advantage of this opportunity for a short-term long position.

Short-term Reference for Bitcoin on 11.17:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.

Long position: Buy in the range of 89,900-90,400, with a stop loss at 88,000 and a target above 91,000.

Short position: Sell in the range of 93,500-94,000, with a target of 500-800 points, a stop loss at 95,000.

There may be delays in sending messages; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

Mr. Coin's Cryptocurrency Market Analysis Reference for Ethereum (ETH) on 11.17

After opening today, Ethereum retraced and rebounded, with the current price around 3,170. The short-term trend is weaker compared to Bitcoin, and the resistance above is slowly moving down. If the price cannot break through the short-term resistance of 3,250, there is a possibility of testing the support below.

From the four-hour chart, the Bollinger Bands are opening downwards, and the price is running in the middle band area, with upward momentum weakening. If the support at 3,100 is broken, there is a risk of further retracement below 3,000. If it breaks, one can follow up with a short position. The short-term trend for Ethereum remains weak, with resistance at 3,250. Until it breaks through, it is recommended to maintain a short position for rebounds. If it breaks the short-term support, one can follow up with a short position.

From the current trend, it can be seen that the overall market is still maintaining a wide fluctuation, with prices repeatedly moving up and down, and the short-term momentum is relatively strong. Therefore, everyone must control risks before entering the market, remember to operate with light positions, and pay attention to timely profit-taking. It is not advisable to blindly follow the market without breaking key support or resistance. If you have any questions, feel free to ask me, and if you need analysis on other cryptocurrencies, you can also contact Mr. Coin at any time.

Short-term Reference for Ethereum on 11.17:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
Short position: Sell in the range of 3,240-3,200, with a stop loss at 3,380 and a target below 3,150.

Long position: Focus on the range of 2,900-2,960, with a stop loss of 50 points and a target above 3,060.

There may be delays in sending messages; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique views. There may be delays in sending messages; risks are to be borne by the reader. Control your positions reasonably when trading, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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