New Insights: Bitcoin Market Outlook After August 18.

CN
3 hours ago

Good evening, everyone, I am Xin Ya, um. In fact, I often write about my choices and feelings, and I know that most of it is redundant nonsense. Forget it, I'll force myself to revise it a bit.

Let's talk about the recent market situation. Last weekend, the market oscillated around 63,000, on Sunday the night session tested 63,200, and then dropped to 62,700. On Monday morning, it shook upward, with low trading volume. It is worth noting that 63,500 faced some resistance, and the bear's force was very weak during the process. After breaking 63,800 during the night session on the 17th, the bulls made an effort, reaching a high of 64,600. During the pullback, the trading volume was also low, and the bulls did not follow up aggressively, testing around 64,400 three times during the oscillation process. There was no obvious pressure here, more like the bulls were rhythmically exiting their positions.

The pressure on the order book is above the four-hour central level, around 65,200. Here is above the four-hour central level. A preliminary judgment is that the main force is suppressing the price, not allowing it to rise too quickly; otherwise, the follow-up momentum will be insufficient, and if it goes up, it will also fall back rapidly.

The one-hour EMA120 and EMA144 are sticky around 63,600, the 15-minute EMA120 and one-hour EMA30 are at 64,000, and the four-hour EMA120 and EMA144 are sticky at 63,800. Many important positions are very close together, so the market will either oscillate repeatedly around this range or rely on it to gradually move upward.
Below Bitcoin, pay close attention to 63,800, 63,200, 62,800.
Above, pay close attention to 64,500, 65,200, 66,000.
These are all points of past bullish and bearish confrontations and positions.

Based on these positions, plans for different margin ratios can be varied and changed.
You can enter the market at 63,800, add at 63,200, and double dip at 62,800.
You can also enter at 63,500 and set a stop-loss at 62,600.

However, for the reverse short position, entry at divergence points must have a stop-loss of 300 to 500 points, and move in the opposite direction. These are all natural fluctuation ranges. My view for the market after the 17th is a three to five segment upward struggle; today is just the first segment.

Um, the future market movements can be summarized in a few ways: after a 15-minute level oscillation (15-minute pullback), there will be a 15-minute level upward movement that perfects a one-hour upward movement. If this one-hour upward movement does not break the four-hour central level around 65,200, the future market will still be in a four-hour level oscillation. If it breaks, the future market is expected to test 68,000. This is what I favor, while another possibility is repeated oscillation within the range of 62,800-65,200.

As for Ethereum, synchronize processing.
Pay attention to these positions: 1868, 1886, 1928, 1960.
Enter short at 1886, add significantly at 1868, and the bias is still towards going long.

In the short term, first look at 1950, and consider taking partial profits at 1920.

The small-scale central level of Ethereum is continuously migrating upward, raising some before it oscillates again. When the market starts, it will have momentum.

You might not understand why the market oscillates and moves sideways like this. You can check the changes in options and some main positions' costs to understand. Writing this way is clean and refreshing, but this style is not Xin Ya at all. Tomorrow is the Qixi Festival; I wish lovers to finally become a couple.

Follow along, WeChat official account: Xin Ya Talks Chan

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