#K Trend formation is not based on imagination, profit accumulation is not based on luck! There may be mistakes, there may be negligence, but all of that is due to risks in trading, and risks can only be managed, not avoided, because without risk is equivalent to no profit, so only by understanding risk management can we master profit.


Hello everyone, I am trader Gege. Continuing from before, Bitcoin rose to around 85500 last night and is now in a consolidation phase at a high level, while Ethereum, despite experiencing a drop to a buy strategy position, currently has no significant room to move. If you are already in, make sure to maintain your defense, it can be held.
There is news announced in the morning, we all know, the previous article also mentioned, including their own views have also been outlined, tonight's news can be said that the world's capital is waiting to see the landing, the period of time before and after the landing, there is a high possibility that there will be a wash market, so short-term trading friends, Gege's suggestion is to wait and see, and it may be a good option to rest earlier. After all, for the short term, the news side is only suitable for watching, not for doing. If you want to participate, you must arrange your position reasonably to do the risk control protection that must be done to avoid staying up late. Well, after the chat, today is only from the technical side, and friends who want to operate can refer to it.
The movement at the current daily level of Bitcoin is in line with yesterday's expectations. After the previous candle closed bullish, today the price again tested the MA7 area and gained support for another rebound. It is currently testing yesterday's short strategy position (sekitar 86200 with a tolerance of 200 dolar). A recall occurs, which indicates that this small resistance level is temporarily effective. Next, we will see if the price can stabilize at the EMA200 and the middle line. If so, tonight there is a high probability of continuing the movement further, testing the upper line and near the previous high. Conversely, if a small resistance around 86000 remains effective, bulls should not be too optimistic. At the 4H level, the price managed to break through the MA60 and test the EMA200. For the short term, it can refer to support near MA60 and MA7 to enter positions. If the price falls below the lowest point of the day, then it is best not to participate.
Mother Tian's daily level has pulled back to MA7, but there has been no effective breakout, so the buying position strategy at 1850 yesterday can be maintained, just provide some protection. For the short term, pay attention first to the resistance around the midline and MA30, this is also resistance around MA60 at the 4H level. For the short term, watch for support around 1800, if it breaks, then there will be no participation. Today's article only provides one directional position for reference, if the mentioned breakout point appears, then there will be no participation, tonight it is better to observe more and act less. Personally, I am optimistic that after the negative news is over, there will be a rebound, the article from two days ago also indicated this view, but this is just a personal opinion, there must be respect for the news, as the market is always there, there is no need to rush. Although it is said that the bigger the wave, the more expensive the fish, it is still not wrong to be cautious. What do you think?
Short-term Bitcoin trading: take a buy position at the line of 84800-843000
Step-mother of short-term trading: buy at line 1850-1820
PS: Activating the strategy should ideally be used only once.
Suggestions are for reference only, enter well into risk management, profit space and stop loss space set by oneself, concrete strategies based on the situation at that time can be consulted.
Alright, friends, we have to say goodbye until the next episode, may everything get better, and may the future in the cryptocurrency world be bright and smooth! More real-time suggestions will be sent internally. Today's brief update ends here.
Writing / I am a Gege trader A friend who is willing to accompany you to rise again #BTC #PI #ETH
ADA4,56%
BTC0,35%
ETH0,26%
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