As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people can take fewer detours and make fewer mistakes in this market. Although I have been earnestly advising, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!
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I am a warrior striving to protect 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 18, 2024
Although the Bitcoin market has reached the target of 63,500 and 64,500 as planned, I entered a long position at 61,800 on the 17th and closed at 64,500, achieving a space target of 2,700 points. Due to risk reasons, I did not chase the short position. Yesterday's article also mentioned the risk of chasing the short position, so I waited for the opportunity to enter the long position at a lower price. Therefore, I entered at over 61,500. Last night, at 10:30, I had to stop loss at 61,100 due to the plunge in the U.S. market. It can be seen that the lowest point last night was below 59,600, breaking through the 60,000 integer mark. There is also a space of over a thousand points below, but for the sake of prudence, I did not capture this portion of the space profit.
As of the time of writing, the current price of Bitcoin is near 61,500. It has rebounded over a thousand points from the lowest point yesterday. The daily K-line yesterday retraced to the EMA trend indicator at 59,500. The KDJ has spread downward, and the value of J has reached around 6.9. After the end of the MACD's top deviation trend, the DIF and DEA also entered a polarized state yesterday. Today, both of these indicators have ended, and DIF and DEA have entered below the 0 axis (strong bearish momentum). The Bollinger Bands have opened up, and the K-line is still hovering around the lower support of the Bollinger Bands at around 61,000.
On the four-hour K-line, it can be seen that the current EMA trend indicator's network-like downward trend is nearing its end. The KDJ is forming an upward golden cross trend, the MACD's bottom deviation trend continues, and the volume has increased while the price is rising. After the Bollinger Bands contracted, the K-line moved away from the lower support at 60,000. The short-term bearish momentum has slowed down, and attention should be paid to the resistance near the high point of 64,500 from yesterday.
In terms of strategy, it is recommended to short at high points and long at low points using the following conventional methods:
Long entry points at the 60,400 and 60,700 range, with targets at 62,100 and 63,000. If the position is broken, continue to look at 63,500. Set the stop loss for long positions below the 60,000 integer mark.
Short entry points at the 64,000 to 64,500 range, with targets at the 63,500 and 62,500 range. If the position is broken, look at the 61,500 exchange point. Set the short position stop loss at 65,100 (slightly away from yesterday's high point to prevent being swept).
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. All risks are at your own discretion.
This article is exclusively provided by the Cryptocurrency Academician and represents the exclusive views of the academician. I have conducted in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. All risks are at your own discretion. Reprinting should indicate the source. Please control your positions reasonably and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. 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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