The market is currently gradually entering a weak phase. Will it change or reverse in the future? How should we arrange our positions for the day?

CN
1 year ago

Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Thursday, March 14, 2024, and I am Yibo! We are not predicting trades, but actually observing market fluctuations (narrowing, spreading), structure (market batch structure), emotions (external market US stocks, US dollars, etc.). As a trader, you (through trading) affect prices, and prices also affect your emotions and behavior as a factor.

With the landing of the Cancun upgrade driving the continuous rise of the greed index, these bearish pieces of information currently do not have much impact on the market. On the other hand, the volume of net inflows into the market is very large, which is a very good signal for the market. Two important data will be announced tonight at 8:30, retail sales month-on-month and initial jobless claims. If the retail sales month-on-month is higher than expected, it is bearish, and if the initial jobless claims are higher than expected, it is bullish. This will bring about market fluctuations. If there is a significant deviation from expectations leading to bearishness, coupled with the impact of CPI higher than expected, it will confirm high inflation, so there is still some risk! If the deviation from expectations is not significant, then the currency circle will continue to play on!

Yesterday, after the opening of the big cake, the currency price continued to fluctuate and rise all the way until the afternoon, reaching a new high of 73700, but did not continue, instead oscillating back to the 71600 area, stopping the decline and rebounding and correcting. The current market is running in the 73000 range. From a technical perspective, looking at the four-hour level line shape, there is not much explanation, maintaining a high-level consolidation state, after the pullback is the recovery and rise, the oscillating rhythm drives the transformation of yin and yang, and the small cycle is still mainly maintaining a high-level correction, without much need for a significant pullback, maintaining an oscillating bottom-building rhythm. On the one-hour level line, the running channel is in a narrowed state of consolidation, it is difficult for the price to stabilize after the upward probe, forming a retracement and correction, the volume is still releasing weak bearishness, the moving average turns but there is no space for release, the rhythm of the pullback and correction is strong, more for further preparation for the conversion, so we maintain the main strategy of buying low on the pullback. It is recommended to go long around 72700-72300 for the big cake, with a target focus on the 74500-75500 range!

The fluctuation of Ethereum last night was actually quite large, fluctuating up and down, with resistance near 4015 and support at the 3950 level below. Looking at the hourly chart, the support at the 3950 level has not been broken in the early morning's repeated probes, and the 4-hour chart shows that the overall trend is still around the rise. Although the rhythm has slowed down a lot, after a brief rest, the price has risen again and broken through, the weekly K line is still relatively full, and there is still ample space above in this running state. The price once again broke through on the daily chart, although there was a small retracement, from the perspective of space and continuation, it is still a strong correction under the strong trend. The various moving average indicators in the small cycle are still showing a divergent state, indicating that the bullish structure remains unchanged, and the space for Ethereum's rise is large. Looking at the daily Bollinger Bands, which continue to expand upwards, KDJ forms a cross and rises, with a focus on resistance at 4160-4180 above, the intraday strategy is still to maintain a retracement and bullish view.

In this market, it ultimately comes down to ability. If your ability is insufficient, what the market gives you will eventually be taken back. Therefore, when your wealth exceeds your ability, you need to control the retracement, although this control is futile, because that kind of profitable arrogance and arrogance will ultimately destroy a person's rationality. However, we do not have to worry about the situation where our wealth is lower than our ability in the capital market, because this kind of imbalance will eventually be corrected by time. If it is not corrected, there is only one reason, which is that your ability is insufficient. If you are still in a state of confusion, do not understand the technology, do not know how to read the market, do not know when to enter, do not know when to stop loss, do not know when to take profit, randomly add positions, get trapped at the bottom, cannot hold onto profits, and cannot seize the opportunity when the market comes. These are common problems among retail investors, but it's okay, you come to me, and I will guide you in the right direction for trading. A thousand words are not as good as one profitable trade. Instead of frequent operations, it's better to be precise, making every trade valuable. What you need to do is find Yibo, and what we need to do is prove that what we say is not empty. 24-hour real-time guidance for trading. The market fluctuates quickly, and due to the impact of review timeliness, the main focus for the subsequent market trends is real-time layout in actual trading. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

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