Today's Market Analysis 5.20
Click to watch the video "Today's Market Analysis 5.20":
- https://zhuanlan.zhihu.com/p/698814894
- https://weibo.com/7866282591/OfaIy36wi
- https://www.bilibili.com/video/BV1dr421575Z?t=5.0
(Video recording time: 2024.5.20.14:00)
☀ BTC Major Trend: Upward; Minor Trend: Upward; Short-term Trend: Upward; BTC spot or low leverage: If you can accept a stop loss at 63000, you can buy on dips.
☀ ETH Major Trend: Downward; Minor Trend: Upward; Short-term Trend: Upward; ETH spot or low leverage: If you can accept a stop loss at 2920, you can buy on dips.
✿In the previous three videos, Lao Wang said, "Breaking through 67300 is crucial! If it breaks through, the minor trend will completely change, and it is not recommended to short anymore!" Based on the current situation, unless it falls below 64500 again, do not short.
✿Analysis without me, trading with me. Analysis with subjective imagination is wishful thinking. Trading must follow the trend and take advantage of opportunities. Whether long or short, aim for maximum profit at minimal cost. Hold on when right, run when wrong.
(For details, please watch the video)
✿ETH: Buy at 4045, near 3670, and set a moving stop profit at around 3240 for unprofitable short positions. On May 18, automatic short position at 3135 when touching the daily EMA60 index, with a maximum stop loss of 2%.
✿BTC: Buy at 38700, 46900, 47800, and near 50290 for unprofitable long positions, and set a moving stop profit at around 56700. Automatic entry at 56900 when touching the 12-hour RSI index at 20, set break-even stop or 58600. Buy near 60700 for unprofitable long positions, set break-even stop or hold near the low of the current cycle. On May 17, continue to set a stop loss at 68200 for the short position entered at 67300.
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The "Focus Points" were released at 2024.5.20.14:00. (Limit price orders are very risky, and stop loss may result in significant losses! Please operate with caution.)
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BTC Short-term Ambush Focus Suggestions (Do not open a position if the focus points are not met. Be careful not to activate it accidentally, and manage profits and losses on your own):
Short: (Automatic entry) ❶ Automatic short when touching the 12-hour RSI index at 80, with a stop loss of 1.5% (or manage it on your own), ❷ Automatic short when touching the red X trend line, with a stop loss of 1.5% (or manage it on your own).
Long: (Automatic entry) ❶ Automatic long when touching the daily RSI index at 20, with a stop loss of 2% (or manage it on your own), ❷ Automatic long when touching the white X trend line, with a stop loss of 2% (or manage it on your own).
(Focus) ❶ Near 64600, ❷ Near 67500, defend near 63000, target near 73000 or above.
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ETH Short-term Ambush Operation Suggestions (Do not open a position if the focus points are not met. Be careful not to activate it accidentally, and manage profits and losses on your own):
Short: (Automatic entry) ❶ Automatic short when touching the 12-hour RSI index at 80, with a stop loss of 1.5% (or manage it on your own), ❶ Automatic short when touching the upper track of the downward parallel line segment, with a stop loss of 1.5% (or manage it on your own), ❶ Automatic short when touching the white X trend line, with a stop loss of 1.5% (or manage it on your own).
Long: (Automatic entry) ❶ Automatic long when touching the daily RSI index at 20, with a stop loss of 2% (or manage it on your own), ❶ Automatic long when touching the lower track of the downward parallel line segment, with a stop loss of 1.5% (or manage it on your own).
(Focus) ❶ Focus near 3017, stop loss near 2960, ❶ 2720, defend near 2680, ❶ 2400, defend near 2350, target near 4045 or above.
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Special Reminder: Do not trade frequently, and do not place limit orders against the trend.
The operation suggestions are fixed after release, but the market changes rapidly. To reduce risks, increase the winning rate and profit, it is strongly recommended to watch the more scientific methods in the video for a comprehensive understanding.
Lao Wang's Quotes
✿Do not hold on to profits, as the profits will eventually be returned to the market due to "holding".
✿Do not guess the top or bottom, as the profits guessed will eventually be returned to the market due to "guessing".
✿Do not rely on news, as it is just "guessing" the top and bottom.
✿Do not judge the trend based on secondary chart indicators.
✿Do not easily exit when in profit, as it may be running at the halfway point.
✿Do not get excited by large candlesticks, as it may be a "show" for you.
✿Do not think that the market you see is the last wave, as there are opportunities every day as long as your capital is still there.
✿Do not trade frequently, as it will lead to losing the big picture and increase the chance of making mistakes, as well as increase trading costs.
✿Do not trade against the trend, hold firmly when right, run when wrong.
✿Do not buy low out of greed, or sell high due to price, do not act recklessly without a change in trend.
✿Do not make trading your main business, do not stare at the screen, as the time spent staring at the screen is inversely proportional to the profit.
✿Do not easily trust others' opinions, unless you are sure they are worth believing.
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☯The market is guessed by the majority, and when it accumulates to a certain amount, it will erupt in the opposite direction of the majority's guess.
☯Trading is the most difficult skill to master. The finer the skill, the smaller the risk. Impatience and roughness are extremely dangerous.
☯Qualified traders can not only grasp the direction of the major trend but also have the ability to insight into micro-changes, as any major market movement starts from the one-minute cycle and never returns…
☯Rather than envying the fish at the edge of the abyss, it is better to retreat and set up a net.
☯Accumulating wealth is not as good as having a skill.
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