Cryptocurrency News
August 18th Hot Topics:
- Today's panic and greed index is 37, changing to fear level.
- The US SEC is preparing to approve the listing of Ethereum futures ETF products before October 10th.
- Evergrande Group files for bankruptcy protection in the US.
- $8.01 billion USD liquidated across the entire network in the past hour.
- WSJ: SpaceX has sold $373 million USD worth of Bitcoin.
Trading Insights
How to plan the correct stop-loss and take-profit positions? Do you understand the importance of stop-loss?
Dislike the consequences of setting stop-loss: In fact, when it comes to stop-loss, no one really wants to set it because once the stop-loss is set, there is a risk of the position being liquidated. However, some people still hold a mentality of luck, believing that the market will rebound or fall back, and they resist setting stop-loss to recover losses. In reality, not setting a stop-loss carries the risk of the position being trapped, and once trapped, the position is not far from being liquidated. Setting a stop-loss is definitely a measure to avoid the market reversing, preventing further losses after misjudging the market.
Trading with high leverage or full position carries risks: There are always risks in investment, as all investment friends know. However, if you always trade with high leverage or full position, the risk will be greater. You may have made profits on nine trades out of ten, but the loss on that one trade may wipe out your entire capital. We need to control the risk and steadily make profits, rather than blindly and recklessly operate, resulting in disastrous losses.
Search for the public account: Big White Coin
BTC
Analysis
The morning's 4000-point waterfall in the market broke the two-month wide range shock, dropping to the support rebound line at 24707. Congratulations to friends who followed yesterday's strategy and profited greatly from short positions. Currently, the coin price is running near 26410, with the four-hour candlestick chart showing eight consecutive declines, and the MACD bearish trend gradually increasing with the death cross of the two lines downward. In the short term, the bearish trend is relatively strong. Although there is a long needle, the rebound strength is not significant. Overall, it presents a bearish trend, and there is still a possibility of further decline in the trend. Do not rush to buy the dip, be cautious of triggering panic and continuing to sell off. Overall, it is safer to short at the high rebound, with resistance at 26800-27000 and support at 26000-25600.
ETH
Analysis
Ethereum showed a oscillating downward trend yesterday, with a morning waterfall breaking through multiple supports, dropping to the support rebound line at 1500. Congratulations to friends who followed yesterday's strategy and profited from short positions. Currently, the coin price is running near 1675, with the four-hour candlestick chart showing a rapid rebound after a long needle, temporarily stopping the short-term bearish trend. Currently, the market is running above the trend line, with the MACD bearish trend showing an increasing volume with the death cross of the two lines, and the rebound strength is relatively weak. Overall, the trend still leans towards bearish, and there are no indicators to reference at the moment. Do not rush to buy the dip, and the probability of oscillating downward is high. The strategy suggests following the trend and focusing on shorting at the high rebound, with resistance at 1690-1730 and support at 1650-1630.
Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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。
