Crypto Circle News
November 17 Highlights:
1. Ripple CEO: The crypto industry has accepted Trump, and Trump has accepted the crypto industry.
2. XRP price surges as the SEC faces legal issues and favorable regulatory changes are imminent.
3. Coinbase jumps to the top of the App Store's free finance applications.
4. Deribit: An investor sold 375 BTC worth of $90,000 Bitcoin put and call options for the end of the year today.
5. Gemini co-founder criticizes Gensler: No amount of apologies can make up for the harm done to the crypto industry.
Trading Insights
The bears are basically all trapped, and there isn't much adjustment possible. It's hard to get in, so we can't let them escape. Personally, I don't think the market will correct deeply. As I mentioned a few days ago, the speed of the main upward wave in this late bull market is twice as fast as in the previous bull market, leaving little time for adjustments. If you're not on the bus, you'll basically just have to watch the whole process. Those waiting for a big drop to adjust, or even absurdly saying they are waiting for a bear market, will miss out on a big opportunity that comes only once in several years. These people who missed the boat are mostly talking about risk control, but you need to understand that there has already been an eight-month adjustment. The premise of risk control is that the future is uncertain or that prices have risen to a very high level. The market has clearly indicated that the bull market has arrived, and the eight-month adjustment has ended. It's truly ridiculous to still be controlling risk; rather than saying they are controlling risk, it's more accurate to say they missed the opportunity and are looking for psychological comfort.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Big White community this week. Congratulations to the friends who followed along. If your trades are not going well, you can come and test the waters.
The data is real, and each trade has a screenshot from the time it was sent.
Search for the public account: Big White Talks Coins
BTC
Analysis
Bitcoin's daily line fell from a high of around 91,800 to a low of around 90,050 yesterday, closing around 90,600. The upper resistance is around 92,000, and the lower support is near the MA7 moving average. A pullback can be bought near this level. The MACD shows a decrease in bullish volume. The four-hour trend is volatile, with support near the MA30. A pullback can be bought near this level, while the MACD shows an increase in bearish volume.
ETH
Analysis
Ethereum's daily line rebounded from a low of around 3,070 to a high of around 3,220 yesterday, closing around 3,135. The upper resistance is near the MA7 moving average, and the lower support is near the MA14. If it breaks below, it could drop to the MA200. A pullback can be bought near this level. The MACD shows a decrease in bullish volume and signs of a death cross. The four-hour bottom support is near the MA90. A pullback can be bought near this level, while the upper resistance is near the MA30. A breakout could lead to a target of around 3,300. The MACD is fluctuating and flattening, with the two lines converging.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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