In a person's self-discipline, there is infinite potential. The level of your self-discipline determines the height of your life.
There are no shortcuts in life, but every step you take counts.
The more diligent and hardworking you are, the more disciplined and outstanding you become. I am Zhou Yueying, focusing on the mainstream currency trend analysis, providing insights into the market based on my own technical expertise.
First release on the public account. For friends who want to verify my strength, follow the public account at the end of the article to find Yueying. There are daily price strategy suggestions at irregular times in the circle of friends. The above mentioned Ethereum 2019 long, the rebound to 2044 has limited downside potential. Let's see today's sharing!!
Bitcoin Technical Analysis———
On the daily chart, the candlestick received support at the middle track and rebounded. The previous candlestick formed a doji and is currently testing the support of the 7-day moving average. The key support below the slightly open Bollinger Bands is still around the middle track. The MACD fast and slow lines continue to extend downwards, and the green volume bars are switching between increasing and decreasing volume. The KDJ three lines are crossing upwards but are being resisted and showing signs of turning downwards. The VR index is consolidating near a value of 140. On the 4-hour chart, yesterday's market saw a retracement around the 38500 level, and the current market is running above the middle track of the Bollinger Bands. In the short term, it is being resisted by the 7-day moving average. The slightly open Bollinger Bands form short-term support with the crossover of the 30-day moving average and the middle track. The MACD fast and slow lines are turning downwards with continuous decreasing volume bars. The KDJ is extending downwards, paying attention to the support near the 0 value. The VR index is consolidating near a value of 100. Overall, the market has once again failed to break through the resistance around the 38500 level. The market is now in a cycle, with the candlesticks still forming a rising trend of higher lows, but after multiple attempts, the resistance above has not been broken. The support for the rising trend line is around 37000. If it does not fall below this level, the market will continue to rebound. The market has now entered a converging triangle oscillation at the end, and the turning point is getting closer. In the short term, the operation is still mainly focused on buying at support without breaking, and I personally lean towards a breakthrough upwards. See short-term recommendations;
Bitcoin Short-term Strategy Recommendation: Long at 37390. (Activate the strategy for profit and manage it yourself)
Ethereum Technical Analysis————
Ethereum's increase yesterday was not as strong as Bitcoin's, but the retracement was a bit more intense. On the daily chart, it is currently testing the support of the middle track. The key support below is around 1980-2000. If this support is effective, there will be a rebound. If it falls below, it will continue to seek lower support around 1950-1930. In the short term, you can first enter a long position around the support of 2000. I won't go into other technical aspects, see short-term recommendations;
Ethereum Short-term Strategy Recommendation: Long at 2007. (Activate the strategy for profit and manage it yourself)
——I am Zhou Yueying, a teacher dedicated to technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and profit together! Public account: I am Zhou Yueying V Blog: Financial Expert Zhou Yueying
Article publication has a delay in review, and the market changes in an instant. The above suggestions are for reference only, and the risk is yours to bear! The market changes drastically every day. All I can do is to provide some weak assistance based on my many years of practical experience, and guide everyone's investment decisions and management in the right direction. Meeting is fate. I am a person who believes in fate. If you have any doubts or unresolved issues in the currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.
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