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 has been 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 learn while they operate, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
3.18 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Bitcoin has repeatedly tested the 82500 line during the day, and bullish sentiment has somewhat warmed up, with prices oscillating upwards and encountering pressure at the 84400 line. Currently, the trend is above the 84000 area, with bullish sentiment weakening and not breaking upwards. Subsequently, the market has once again entered a high-level consolidation.
From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upwards. Currently, the coin price is running below the daily midline. If the price cannot sustain a rebound and break through the Bollinger midline pressure during the day, it is expected that the oscillation and consolidation will continue for a while.
On the short-term hourly chart, the Bollinger Bands are narrowing, with prices rebounding in the middle to upper band area. The MACD histogram on the 4-hour level has turned positive, and the fast and slow lines have formed a golden cross. The current price is fluctuating around 84200, with short-term midline pressure at the 85500 line. If it can break through and stabilize, the price is expected to shoot upwards again. Conversely, if multiple attempts fail to form an effective breakthrough, it is expected that the price will retreat and oscillate within a range. During the day, focus on the midline breakthrough and stabilization, maintaining high shorts and low longs.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily participants can receive free exit strategies.
3.18 Short-term Reference for Bitcoin:
Light short positions at 84800-85500, with a stop loss at 87500, target below 83000.
Long positions in the 81500-80500 range, with a stop loss at 78000.
3.18 Short-term Reference for Ethereum:
Short positions at 1950-1990, with a stop loss at 2180, target below 1900.
Long positions focus on the 1800 breakout situation, in the 1800-1850 range, with a stop loss at 1650, target above 1900.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.
Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily participants can receive free exit strategies.
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 extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about 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 the article, and risks are to be borne by the reader. Manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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, prepare well, and be ready to set off at any time. Keep going!
—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!
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