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CoinWin Team: Is Ethereum about to reverse? Bitcoin in a volatile market, will there be a big waterfall this weekend?
Do not worry if you have no confidant on the road ahead, as there are like-minded people on the investment path. Good afternoon, everyone! I am the Coin King of Coin Victory Team. Thank you all for coming here to read the articles and watch the videos of the King, and I hope that the brothers who have been following the King before will come back.
First of all, let's review the views on the market from the article and video published by the King of Heaven yesterday. Regarding BTC, the King of Heaven suggested entering a short position after the market surged and fell below 68000. This strategy provided two entry opportunities today, the first at a fall to 67500, and the second at the current price of 67900, with limited profits due to the overall Fluctuation of BTC today. As for Ethereum, the King of Heaven recommended entering a short position near 2650, with a stop loss of 25 points. This position also provided two opportunities, and subsequently the market directly fell to a low near 2600. The second drop is currently at a price of 2635, yielding some profit, with an overall profit of over 60 points, which is considered satisfactory.
Currently, the news that has affected the crypto world market is the US election. Previously, there seems to be a sign of reversal in the public opinion affecting the election of Haha Sister. The entertainment and sports circles, led by Meimei, have called on fans to vote for Haha Sister, and the current effect seems to be good. According to insiders, this is because the Democratic Party has obtained the video of Bullshit Dad's party. So the election may change. Although Haha Sister's attitude towards the crypto world has changed to some extent, it is probably a compromise rather than a real attitude, just to please the crypto world capital. If Haha Sister reverses, it will cause a considerable impact on the crypto world.
Let's take another look at the specific trend of BTC. From the daily candlestick, after 3 consecutive positive candles, BTC formed a top doji. It is highly possible that the market will continue to plummet. The main strategy for today is still to go short. The basic idea is not much different from what I mentioned yesterday, which is to go short again if the market breaks through 68000 and then falls below 68000. For fren who don't have time to watch the market, they can consider going short directly near 68500, with a stop loss above 69000. After all, without time to watch the market, the choice of operation will face greater risks. I will still choose lower positions for going long below. Currently, the only position I dare to enter based on the hourly chart is near 64800, where I can consider going long again, because I am bearish in the overall direction. Personally, I think there may be a significant plummet over the weekend. If fren have trapped positions, welcome to join the Coin Victory team and find me. I will help you solve the problem.
Let's take a look at the ETH market. First, let's look at the daily candlestick. It's obviously different from BTC, with three consecutive days of high-level doji, indicating that the market is clearly on the edge of a reversal. It is recommended to focus on shorting when operating. Looking at the hourly chart, ETH is under sustained pressure at the 2650 level. In the short term, you can rely on this position to enter a short position, with a target of around 2580. Below, you can focus on following around 2565, and can enter a long order with a light position, with a stop loss of 25 points. This position can only be taken once. Because the market at the beginning of this month is relatively volatile, we will be live broadcasting the market from Monday to Friday at 8:30 in response to the fluctuation at the beginning of this month. Feel free to join us if you are interested, and I will send you the live room link.
This article is independently written by the Coin Victory team. If you need current price strategies and breakeven, you can find the Coin Victory team across the network. Because the recent market is mainly oscillating, accompanied by intermittent Long Wick Candle market, so when you place orders, remember to control your take-profit and stop-loss well. When facing major market data, the Coin Victory team will also organize live broadcasts across the network. If you need to watch, you can find the Coin Victory team across the network and contact me for the link at that time.
Mainly targeting Spot, contract, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, proficient in style, mobile Lock-up Position tactics revolve around high and low support and pressure for short-term swing trading, high and low for medium to long-term trend analysis, extreme retracement of daily candlesticks, weekly K-line top prediction, monthly line head prediction.