Ten years to sharpen a sword, there are reasons for the ups and downs; Bulls and bears do not love war, it is safe to put it in the bag.
Hello everyone, I am Tommy, a crypto economist, a trader rooted in the currency circle, and have been studying Ethereum (ETH) for 6 years. First, let me talk about the three things I don't do in my trading: don't trade when tired, sleepy, or exhausted; don't trade when in a bad mood; don't trade when unable to understand the market trends. (In a bad state, it is impossible to perform at a normal level, so judgment of the market will result in significant errors)
Follow the public account: K-line Life Tommy: Opportunities are created in different time periods every day, so there is no need to rush. The original intention has never changed. While creating profits, I focus on professional risk control, making investments valuable, walking for the long term, and not letting down the encounters and trust in the past. I am available 24 hours a day for real-time guidance. If you have any questions, you can leave a message. All strategies are open and free.
Review: After a week of sideways consolidation, the market accelerated its decline again in the evening with the FTX claim. Ethereum fell to the 1530 level, and the premise mentioned in the article was that as long as there is no appearance of a bullish volume standing firm above the 1650 resistance, the trend is still to continue shorting at high levels. Short-term targeting a 50-point decline. Judging from the market sentiment, the bulls are still in extreme panic.
The short-term bottoming at the 1620 level on the 12-hour chart also did not show a signal of increased capital inflow. The short-term trend is to look at 1620-1520. The daily chart shows a volume-led decline close to the downtrend channel line. The situation suggests a small rebound, and the interval operation strategy looks at the retracement of the resistance level to choose to enter in batches.
The hint given on the 10th on the daily chart did not break through the previous platform level of 1680-1700, and volume support is needed. If these two conditions are not met, the short-term trend is still to look for a second rebound.
Operation-wise, it is necessary to repeatedly observe whether 1650-1665 can break through with volume. If it rises and then falls, enter short positions. If there is a volume breakthrough, continue to look upwards at 1720-1750 (currently still valid).
Bitcoin's support at 25800 on the 10th was also broken, and it continues to look for the next support level near 25500-25000. The medium bearish candle pierced the previous platform level, and the bearish trend is still strong.
In the short term, first look for a rebound in the 25000-25500 range. If there is increased bullish capital, then look at the 25600-26100 range. If 25500 does not hold, continue to look for a second rebound at 25500.
Regarding MKR, the premise was to hold short positions directly and look for the 960-680 range, holding a small position to exchange time for space (do not hold a heavy position in altcoins, as they are easily manipulated, suitable for holding a small position in the medium term)
The new investment plan for September is still ongoing. For real-time guidance, please follow the public account at the end of the article for more information.
Only ETH's returns are publicly disclosed and can be checked online. Real-time guidance is the main source of actual trading data. For details, follow the public account to learn more.
Mainly targeting spot, futures, BTC/ETH/ETC
Expertise: K-line trading
Original trading volume battle tactics.
Short-term swing highs and lows, medium and long-term trend trades, daily extreme retracements, weekly K-line top predictions, monthly head predictions
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Please be cautious in distinguishing between true and false. Thank you for reading!
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