Martin: Market Analysis and Strategy for October 29th

CN
11 months ago

Sometimes, life is a compromise, tolerance, and accommodation. Not everything is suitable for confrontation and forcefulness. Life is colorful, with both sunny days and heavy rain. Being firm has its benefits, and so does tolerance. It's important to assess the situation and act accordingly at all times. Persist in your choices and beliefs, as that is the correct path for you. It doesn't matter how others see you; what's important is for you to be yourself and do what you believe is right.

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ETH Strategy Analysis:

In the short term, the 4-hour ETH market has been fluctuating between 1872 and 1735 in the past 5 days. Currently, the market is under pressure below the BOLL midline, with a pin bar candlestick forming, and the KDJ indicator showing upward movement. The MACD indicator has shrinking green hollow columns. In the short term, there are signs of further upward movement, but as it's currently the weekend, the market is likely to fluctuate between 1820 and 1760 until Sunday evening. After 8 consecutive bullish days, the daily candlestick formed a bearish pin bar on October 27, touching the MA7 moving average before rebounding. The current candlestick on October 28 is a bullish pin bar, with the KDJ indicator showing a bearish crossover at the 75 axis and the MACD indicator showing shrinking red solid columns. The daily chart is currently supported by the MA7 moving average, and if it breaks, the 1730 support level should be watched. The weekly chart is currently showing two consecutive bullish candles, temporarily above the MA30 moving average, with the KDJ indicator showing a bullish crossover and the MACD indicator showing shrinking green hollow columns. In summary: the daily chart is still supported by the MA7 moving average, and there are signs of three consecutive bullish candles on the weekly chart. It is recommended to focus on long positions.

Martin's Daily Strategy

ETH Intraday Operation Suggestions:

Long entry at 1735-1705

Short entry at 1895-1925

BTC Intraday Operation Suggestions:

Long entry at 33820-33600

Short entry at 35300-35500

Suggestions are for reference only. Profits should be managed independently.

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No exaggeration, no empty talk, just precise points! Scan the QR code to follow the official account "Martin's Daily Strategy"

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