【Partial Market Analysis and Trading Ideas Sharing】Ethereum reminds to bottom-fish at 4170 for a 5-5 wave. If you can't catch it, you can also get on board in real time when it drops during the day on August 18. Set a profit protection stop-loss at the cost price when the CPI data is released at 20:30 on August 12 (must rise).
I have already reminded everyone in my public articles about 4050-4100-4170! Those who have seen it can catch the bottom!
Take profit: 4484.67-4646 (focus) - 4817.57 (focus) - 4850
Let's focus on 4646!
Daily stochrsi and other indicators show that it has peaked, while the 4-hour stochrsi has not yet peaked, just a little short! Waiting for the appearance of a top divergence arc top!
Bitcoin is too weak to comment on, it has lagged behind Ethereum too much! In the past, Bitcoin would rise first, followed by Ethereum, but now Bitcoin is completely still, which is very abnormal! 120000 has not fully stabilized, let alone 121000. Whether it can reach a historical new high is temporarily a question mark! This is very abnormal, and I can only comfort everyone that as long as it doesn't break 118000, there is still a chance.
Whether Bitcoin reaches a new high has nothing to do with me; trading is a science. I have previously said that bottom-fishing should only be done with Ethereum, not Bitcoin, nor altcoins. If everyone calculates the profit-loss ratio, they will understand!
Bottom-fishing Ethereum has a high profit ratio: the profit-loss ratio reaches 11/3 to 17/3.
The reason not to bottom-fish Bitcoin is that there are differences and it is not 100% certain to reach a new high; the space is too small, and the profit-loss ratio is low.
The reason not to bottom-fish altcoins is the fear that altcoins will fall without rising, easily leading to losses, and the space is even smaller than Ethereum (Ethereum has a maximum of 17% space); the risk is greater than Ethereum! The profit-loss ratio is low.