Ruthless washing before the bull market? Waiting for the right moment to reap big rewards
$BTC BTC has been really volatile these days, with a surge of ten thousand points one day and a drop of ten thousand points the next. The spot price I’m holding around 72,000 is just 10,000 points away from buying more to bottom out, patiently waiting ^^
In the past few days, the cryptocurrency market has been tumultuous, but the good news is that after the rise to 65,000, those who missed the boat have finally seen the long-awaited major correction. Through technical analysis, the bullish bat pattern has formed, and the Fibonacci 0.5 level of 88,000 has been breached. We can expect to accumulate spot positions around 72,000 to 77,000. If it falls below 70,000, it’s advisable to stop-loss and exit. This area happens to be near the futures gap. If we can welcome a rebound, the risk-reward ratio will be very attractive, with the furthest target being around 92,000 at the 0.618 level, where we can take partial profits at 85,000 and 90,000 along the way.
The above views are purely for sharing, please take responsibility for your own money ^^
#PEOPLEUSDT fell back after rising high. We are currently observing signs of divergence from the bottom in 1H. If we insert a pin further downward, the recovery position will stabilize around 0.618, and we can enter long orders.
Long order plan: Open orders on the left side in batches of 0.0745~0.075. The stop loss is placed below the previous K line that fell below and was recovered. If the volume exceeds 0.075, those who are brave can add positions on the right side and enjoy a rebound. First take profit 0.08 Second take profit 0.082 Final profit 0.087
Transaction reminder: The market is currently in a feverish stage, with very large fluctuations. Partners who operate contracts must use leverage of less than 5 times to prevent the stop loss from being carried away by the pin. As long as you can hold on to the profit, you can stop the profit or set up protection to protect it. Profits, lest you suffer a sudden plunge/rising and have to take profits and lose money, lose your wife and then lose your troops, it will be very heartbreaking😅
BTC opened a long order when it stepped back on the lower edge of the box on 3/28. Last night, the highest level only reached around 71,600 before being hit again. After observing for 15 minutes, we can find that the nearby rising support is still valid, and it has entered the box to fluctuate at a high level. At this stage, the upper boundary is near 71500. Observe whether the trading volume increases and choose to leave the market or add a position.
Today’s long and short expectations are as follows:
Long order expectations (two sets of scripts):
Script one: Observe for 15 minutes if 70200 is not broken, you can open a long order to see around 71500. Take a short long position and place the stop loss at 70000.
Script two: If the volume breaks through the upper boundary of the box at 71500, open a long order and look at the area of 72400 (the first take profit). Finally, when 73400 is seen, the stop loss is placed at the low point of the previous K line that breaks through the box.
Short order expectations: When the volume falls below 70200, open a short order and look at the lower edge of the 69400 box (first take profit). Finally, when you see 68500, you leave the market. The stop loss is placed at the high point of the K-line where the volume falls below.
Long order expectations: If the volume breaks through the downtrend line, open a long order and look at the area of 72400 (first take profit). Finally, you will see 74000 and leave the market. The stop loss will be placed near the uptrend line.
Short order expectations: With the volume falling below the uptrend line, I opened a short order and looked at the area around 68500 (the first take profit). I finally saw 67500 and left the market. The stop loss was placed near the downtrend line.
Transaction reminder: The market is currently in a feverish stage, with very high fluctuations. Partners who operate contracts must use less than 5 times leverage to avoid stop losses that are too late to be carried away by the pin. As long as you can hold on to the profits, you can stop them or set up protection to protect them. Profits, lest you suffer a sudden plunge/rising and lose profits again, lose money, lose your wife and lose your troops, it will be very heartbreaking~"~
BTC is approaching the 1-hour support. Observe the performance of the support and resistance swap positions near 65,000. You can make long and short expectations.
Long order expectations: If the volume breaks through upward and then goes back to the support, then the support does not break. Open a long order and look at the area of 67500 (first take profit). Finally, you will see 68500 and leave the market. The stop loss is placed at the low point of the previous K-line that broke through.
Short order expectations: It breaks through the support upwards and closes back down to the resistance, but the pullback is blocked. When opening a short order, look at the area of 62200 (the first take profit). Finally, I see 60800 to leave the market. The stop loss is on holiday, breaking through and falling back to the K-line high point.
Transaction reminder: The market is currently in a feverish stage, with very high fluctuations. Partners who operate contracts must use less than 5 times leverage to avoid stop losses that are too late to be carried away by the pin. As long as you can hold on to the profits, you can stop them or set up protection to protect them. Profits, lest you suffer a sudden plunge/rising and have to take profits and lose money, lose your wife and then lose your troops, it will be very heartbreaking~"~
SOL's 15-minute downward pressure line breaks through, and it steps back to the consolidation area of 172.8. The neckline does not break, open long, stop loss 170, look around 186, first take profit 180, second take profit 186
See more views: Recently, the SOL ecological chain has been relatively active, and the hype for MEME coins has not abated. During the consolidation period after the decline of BTC, some currencies have exploded from time to time. It is worth looking forward to another wave of rise. Yesterday, BTC fell below 65,000, and the short-term support is currently at 62500~63500 is consolidating. As long as it does not fall below the key support of 62000 that was killed by this wave of 73000, currencies that break through the 15-minute suppression line in the short term will have the opportunity to make a small gain. Just as Chi Ge @Crypto127 said, sell high and buy low. Buy more at the low position, then go short if U really falls below, and wait for consolidation to continue selling high and buying low.
Transaction reminder: The market is currently in a feverish stage, with very large fluctuations. Partners who operate contracts must use less than 5 times leverage to prevent the stop loss from being taken away by the pin. As long as you can hold on to the profit, you can stop the profit or set up protection to protect it. Profits, lest you suffer a sudden plunge/rising and have to take profits and lose money, lose your wife and then lose your troops, it will be very heartbreaking~"~
BTC is approaching the 1-hour support. Observe the support performance near 61900 and make long and short expectations.
Long orders: It falsely breaks downwards and returns above the support but does not break. Open a long order and look at the 65,000 area (first take profit). Finally, I see 68,500 and leave the market. Before the stop loss, it falsely falls below the K-line low of the retracement.
Short order: The downward volume fell below the retracement support and was blocked. Open a short order and look at the area of 60700 (the first take profit). Finally, I saw 58500 and left the market. The stop loss fell below the previous K-line high point.
The market is currently in a feverish stage, with very high fluctuations. Partners who operate contracts must use less than 5 times leverage to avoid stop losses that are too late to be carried away by the pin. As long as you can hold on to the profits, you can stop them or set up protection to protect them. Profits, lest you suffer a sudden plunge/rising and have to take profits and lose money, lose your wife and then lose your troops, it will be very heartbreaking~"~
ID 15 minutes to test the support, the volume near 1.07 fell below and the pullback was blocked to open a short position. Look down to the area of 0.858. If there is a profit, take profit in batches and withdraw the stop loss of 1.12.
BTC has a 15-minute triangle structure. If it goes up, go long and look at 67700. If it goes down, go short and look at 65600. The price will return to the triangle trend and stop loss.
If the trend line is broken and the trend line is reversed but cannot be broken, there are multiple entry opportunities. Place the stop loss at the previous low position.