Focus on Contract and Spot Video Explanation
Every day, I share my personal trading suggestions at the end of the public account for fans. Reviewing yesterday, regardless of right or wrong, is in the past; today we continue to move forward together.
The candlestick chart is like a math problem; with reasonable logic and calculations of highs and lows, we can find relative exit points! Whether in short or medium-term cycles, reasonable choices can be made.
Looking at the ETH 4-hour chart, it is still in the process of a continuously declining bottom support. The low is already near the bottom support of the range. If the support below can stabilize and maintain effective operation above the 3120 retracement, then the high of the range can still refer to around 3800, with the mid-range line maintained around 3450-3500. From a layout perspective, it is relatively reasonable to focus on buying at the low of the retracement while ensuring good defense. If during the market's retracement, the bottom support in this range is triggered and starts to break down, we need to pay attention to the K-line arrangement point after the rebound being above the strong-weak conversion line, in which case we still focus on buying. Conversely, if the K-line arrangement point is below the strong-weak conversion line, we need to adjust our thinking to focus on the current bottom support of 3120 and the subsequent top structure pressure at 3120, looking primarily for a decline. Therefore, the bottoming situation of this retracement determines the future market trajectory. The text description is limited; you can refer to today's video link for further understanding.
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Mainly focused on spot and contract trading, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT.
Specializing in styles, moving lock positions strategy revolves around high and low support and resistance.
Short-term wave highs and lows, medium to long-term trend trades, daily extreme pullbacks, weekly K-top predictions, monthly head predictions.
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