Crypto Circle Academician: On September 16, Bitcoin and Ethereum both showed three crows warning! Is your long position still waiting for dawn? Latest market analysis and operational advice for reference.

CN
6 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 114,888. It is now 1:30 AM Beijing time. The highest price before this article was published was 116,760. The trading idea given yesterday has been validated. The idea of exiting south at 116,500 and leaving at 114,500 can be reviewed. After the daily K-line pierced upward, the main force began to sell off in large quantities, forming three consecutive bearish candles. Pay attention to the daily trend indicator convergence point at 113,500. The MACD is still in a two-level weathering phase. The main force's attempt to break through the upper Bollinger Band at 116,860 failed and fell back. Therefore, if it breaks the previous low during the day, pay attention to the first support at 113,500 and the middle track support of the Bollinger Band at 112,000. The four-hour K-line also shows three consecutive bearish candles, breaking below the EMA30 trend line at 114,900. The K-line has reached the lower Bollinger Band at 114,700. Currently, the main force is consolidating around the lower band. The support is effective, but the main force has the momentum to further explore downward. So temporarily, after taking profits by going south, wait for the trend to clarify before entering again. First, preserve your chips and survive.

Short-term reference: Small losses and big gains are the goal.

For going north, the trial entry point is from 113,500 to 113,000, with a stop-loss at 112,500, risking 300 points, targeting 114,500 to 115,000, and if broken, looking at 115,500.

For going south, the trial entry point is from 116,000 to 116,500, with a stop-loss at 117,000, risking 500 points, targeting 115,500 to 115,000, and if broken, looking at 114,500.

Ethereum (ETH)

The current price of Ethereum is 4,499. It is now 1:30 AM Beijing time. The highest price before this article was published was 4,668. The trading idea of going south at 4,650 is valid and can be held. The daily line has seen three consecutive days of lower highs, forming three crows, and has reached the EMA15 fast line support at 4,460. The next step is the medium-term EMA30 trend support at 4,370 and the middle track support of the Bollinger Band at 4,415. The four-hour K-line has reached the horizontal support at 4,460 and the EMA120 support at 4,440. If this line is lost, the bearish trend will continue, and the market can be shorted accordingly. If the support holds, it will continue to consolidate at high levels in the short term, aiming to break through 4,600. The MACD has been continuously reducing volume and increasing positions, with DIF and DEA also starting to push down towards the zero axis. The short-term support at 4,460 and the lower Bollinger Band support at 4,480 are effective, so pay attention to this support area. If it holds, consider going north; if it breaks, consider going south.

Short-term reference: Always set stop-losses; safety first.

If the price breaks below 4,480 to 4,450, go south, with a stop-loss at 4,520, risking 30 points, targeting 4,420 to 4,380, and if broken, looking at 4,330.

If the price does not break below 4,450 to 4,420, go north, with a stop-loss at 4,380, risking 30 points, targeting 4,500 to 4,550, and if broken, looking at 4,600.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the crypto circle academician and represents the unique views of the academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The crypto circle academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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