Blockchain Liangqiu: 3.17 Bitcoin/Ethereum Trading Strategy with Market Analysis

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顾景辞
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1 year ago

Attention, look again, and earn millions. Hello everyone, I am analyst Liangqiu. Here I share my views and hope that every friend who follows can have a good profit!

First released on the official account, you can follow the official account Liangqiu, focusing on mainstream coin guidance. Bitcoin/Ethereum fell sharply again last night, with Ethereum directly hitting a low near 3470, and Bitcoin falling to around 64750. It was quite unexpected to have such a big market over the weekend. Our strategy of long positions on the pullback last night also directly incurred losses. We must admit our mistakes. We had a series of successful long positions before, so it's still acceptable to lose one. At this stage of the market, we originally expected some support around 3600 to 3630 for Ethereum, but the result was disappointing as it directly broke through. At the same time, it also directly broke through the middle track of the daily Bollinger Bands. In the future, we will pay attention to the resistance near 3680 to see if a top-bottom reversal can be formed. This position is also the current area where the middle track of the daily Bollinger Bands is located. Below, we will focus on the support near 3470, where the pin was inserted last night.

The same goes for Bitcoin. We are paying attention to the important resistance near 68300 to 68500 at the daily level, and the support near 65000 below. Looking at the four-hour chart, the current market has experienced a certain oversold rebound. Intraday, we will first look at the rebound market recovery, and the main operation can focus on long positions on the pullback.

In terms of operation, enter long positions near 65600 to 65900 for Bitcoin, with a target near 67500 to 68000; for Ethereum, enter long positions near 3530 to 3550, with a target near 3630 to 3660. This article has a time limit, and the market fluctuates greatly. For more specific strategies, real-time guidance is the main focus. You can follow the official account, Liangqiu.

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