Trend Analysis of Mid-September Market Trends

CN
1 year ago

The weekend is coming, and you can use your spare time to accompany your family and children. Although the market has slowed down, the pace has accelerated compared to the previous period. Looking back at the trend of the week, the overall coin price is still oscillating within a wide range. The price of the leading cryptocurrency has shown signs of recovery, rising from the 24881 level to test the 26885 level, approaching a gain of over 2000 points. The key CPI information released this week was "bearish," but the coin price did not decline as expected and instead surged. This is related to the buying pressure in the market, leading to a situation of forced short covering and extreme panic in the market sentiment. It's easy to buy at the bottom and sell at the peak, but after selling, the coin price retraces. Here, "mindset" and "psychological resilience" are crucial.

On the daily chart, the price is running in a parallel channel, forming a state of consolidation. The price formed a double top but failed to continue the upward momentum, causing a brief state of tension between bulls and bears. The trading volume has effectively converted, indicating a potential shift to a bearish trend. The moving averages are flat and converging, showing a clear trend reversal, currently leaning towards a bearish recovery.

Looking at the 4-hour chart, the price has recovered and made a second attempt to test the resistance, but faced pressure. In the short term, there is a clear demand for a rebound in the coin price. Currently, the candlestick is running within the middle range of the Bollinger Bands, with the channel narrowing upwards. The bearish trading volume is showing signs of weakening, accompanied by a turning point towards bearishness. The moving averages have clearly turned, and the short-term oscillation is turning bearish, suggesting a bearish view for the rebound.

BTC Short-term Strategy: Short at 27200-27000, target breaking through 26000 and reaching 25000 (Ethereum synchronized)

BCH Short-term Strategy: Short at 228-226, target 200, breaking through 185

Last week's actual trading statistics were transparent and no losses were incurred. Bitcoin gained 1195 points, Ethereum gained 85 points, and Litecoin gained 26.14 points. Based on a $20,000 short-term position with a 10% margin, one position required a margin of $2000, opening 150 Ethereum and 10 Bitcoin, totaling 1500 Litecoin.

Completed in one week:

Bitcoin: 2000×10=20000u

Ethereum: 85×150=12750u

Litecoin: 26.14×1500=39210u

For example, when operating with three currencies simultaneously, a client with $20,000 completed 71,960 units of profit in one week, achieving a 3.1 times return on investment in one week.

The short-term entry threshold starts at 3000u, trend following at 10000u, and conservative at 2000 points. For friends who trust the character, skills, and technology of the old Xu, prepare your chips and join the actual trading members. Waiting for the market to finish before taking action is meaningless.

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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink