Finance Zhongyi: Update on the intraday strategy for Bitcoin and Ethereum on October 19th.

CN
1 year ago

10.19 Day Nei Big Pancake Ethereum Route Update

Good morning, iron buddies, it's a new day and we can see the market after a night. There hasn't been much change, and we can see that the recent market fluctuations have mostly been maintained at 100-200 points during the day and night, which is quite intriguing. We can see that the market probed near 29100 yesterday, and long positions successfully gained over 600 points. Although the subsequent market gave a small pullback, it also gave everyone confidence in the rebound. After adding positions at a low level, the market rebounded to around 28430, and we took profits to secure a small fortune. In this market, it is necessary to be firm in one's beliefs and not be wishy-washy, as this will only lead to buying when it falls and selling when it rises. This should be self-evident to everyone.

The daily chart still maintains the recent fluctuations and is currently waiting for the early eight o'clock closing, which may bring a small market trend. Overall, the trend is still upward, with the MACD lines continuing to rise without any signs of a turnaround. The bullish momentum is strong. Looking at the four-hour Bollinger Bands, the narrowing of the bands indicates that the market has been oscillating above the midline. All the preparations made so far are for the next round of expansion. It's not urgent; let's wait patiently for the flowers to bloom.

Bitcoin 28200-28100 long, target near 28800

Ethereum 1550-1540 long, target near 1590

For the latest updates, follow: Weibo Finance Zhong Yi

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