Strength does not need to be overly demonstrated. The key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.
As a senior figure in the cryptocurrency circle, I have always been committed to providing beneficial advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I am earnest, the investment path still needs to be explored by oneself. Learning is endless, and the experience gained is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!
As a senior figure in the cryptocurrency circle, I have always been committed to providing beneficial advice to everyone, hoping that people will take fewer detours and make fewer mistakes in this market. Although I am earnest, the investment path still needs to be explored by oneself. Learning is endless, and the experience gained is the real wealth!
Strength does not need to be overly demonstrated. The key is to gain more recognition from others. On the investment path, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.
I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's cheer together!
Cryptocurrency Academician: Bitcoin (BTC) Latest Market Analysis Reference for April 14, 2024
How many people have been liquidated in Bitcoin these days? With two consecutive days of washing the market, at 12:31 am on the 13th, I posted on my Moments to remind everyone that the feast was beginning. If you don't want to be liquidated, you can short at the high points. Being cautious is the priority, don't go long, or even operate at all. I didn't make any trades yesterday, even though I had planned to short after the market broke through 68,000, at least to see some hope for the long side, and then I could comfortably short. The fluctuations in my mind were controlled by the main force. There was no trading all day until the early hours of today, and there was no market movement. I had to go to bed with a heavy heart.
As of the time of writing, it is around 63,700. Yesterday's daily K-line was at 67,950, the lowest was at 59,650, and it closed near the round number of 64,000. (Liquidation and market washing) The fluctuations were significant, with the main force fluctuating up and down by more than $10,000 for two consecutive days of liquidation, causing Bitcoin to fall below the EMA60 support point and retest the important support near EMA90 at around 59,600, and then return to the support near EMA60 at 63,500.
It has been less than a month since the last time the daily K-line trend indicator fell below EMA60 on January 18. (Steady callback continues to be short), KDJ is opening downward, breaking through the value of 22.48, and MACD is decreasing in volume. There has been no sign of the main force increasing funds for four consecutive days, indicating that the current short trend is strong and it is difficult for the bulls to recover. DIF and DEA are spreading downward from high levels, especially the speed at which DIF is descending is very fast, and it is close to the 0 axis line. However, the short trend has not ended yet. The Bollinger Bands have made adjustments both up and down, and the lower band has fallen below 64,200. There is no need to worry that the market will stay outside the Bollinger Bands for too long; it will return to the Bollinger Channel.
Looking at the four-hour K-line, it can be seen that before 8 o'clock, it pierced below the 60,000 mark, and after 8 o'clock, the K-line returned to around 64,000, with a span of about 5,000 points. The EMA trend indicator is alternately spreading downward in a net-like pattern, and the downward alternation has not ended. The short trend remains unchanged. KDJ is starting to converge, but the MACD is decreasing in volume, and a short-term trend can be seen. It hovers around 64,000, the Bollinger Bands are opening downward, and the midline has dropped to 68,500, which is the position of the lower band support two days ago. Today's lower band has reached 63,800 and is still continuing to decline, so the overall trend is short.
The suggested approach is to continue shorting on the callback: The first entry point for shorting is at 65,000, the second entry point is at 65,500, the stop-loss point for shorting is at 65,800, the first exit point is at 63,000, and the second exit point is at 60,500. Long strategies are not currently provided. Those who are eager to bottom fish can consult with professionals. Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Please bear the risks responsibly.
This article is exclusively provided by the Cryptocurrency Academician and represents the Academician's exclusive viewpoint. It has in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, and others. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting should indicate the source. Please control your positions reasonably and do not over-leverage or go all in. The Academician also hopes that investors understand that the market is always right. If you are wrong, you should reflect on your own problems and not let the potential profits slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment journey!
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