Market laws, twists and turns, reincarnation, internal cultivation of the mind, external cultivation of actions, the road to success is long and arduous. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable; the success story of an investor is actually a history of learning and growth. Through hardships and beautiful scenery, never forget the original intention, and you will eventually succeed.
2023.9.18 BTC——————
The weekly chart is expected to close with a positive candle, indicating a clear improvement in the downtrend, but it does not mean that there will be no downward market this week. It is evident on the daily chart that there is resistance around 26,600, with bullish volume slowly increasing on the MACD, and the fast and slow lines diverging upwards. The KDJ fast line is running bluntly at a high level, indicating a need to find support. On the short-term four-hour chart, the Bollinger Bands are contracting, and the price is running in the Bollinger contraction channel from the previous uptrend. Pay attention to the support at 26,500 during the day; if it breaks, it may go to around 26,100. The overall candlestick and MACD on the one-hour chart show a bearish divergence, indicating a need for downward correction in technical indicators. Based on the above, the suggestion for the day is to focus on short positions during rebounds.
Pending Orders:
Short 26,700-26,900, defend 300 points, target 400-900 points
Long 25,900-26,100, defend 300 points, target 500-800 points
2023.9.18 ETH———————
The weekly chart for Ethereum shows a doji star, indicating signs of a halt in the decline, but overall indicators are bearish, suggesting a possibility of a decline. On the daily chart, Ethereum is still within the Bollinger downtrend channel, with no effective breakthrough of the high resistance at 1640-1650, so it cannot be considered an uptrend. On the four-hour chart, Ethereum continues to maintain a Bollinger oscillating market, with attention to the resistance at 1648 and upward support at 1610. Similarly, on the one-hour candlestick chart, there is a bearish divergence, indicating a need for downward correction. Based on the above, the suggestion for the day is to focus on short positions during rebounds for Ethereum.
Pending Orders:
Short 1640-1650, defend 30 points, target above 40 points
Long 1610-1620, defend 30 points, target above 30 points
This content is exclusively created by senior analyst Qin Chuan, who has researched various investment fields such as Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations and has solid theoretical knowledge and practical experience. He is skilled in combining technical and fundamental analysis, emphasizes capital management and risk control, and has a stable and decisive operating style. He is widely recognized by investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment is risky, so be cautious when entering the market.
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