How long will this rally last?
I mentioned in my articles on September 23rd and 28th that there would be an upward trend when the volume of 27300 increased, but I didn’t expect it to come so soon.
The volume broke through at 4 o'clock in the morning today. When I was sleeping soundly, the US trading time was pulling up, the 4-hour line increased the volume, and the daily line did not increase the volume. However, in the low liquidity market on the weekend, this volume can be considered acceptable.
There is no participation in this wave of rise. In the bear market, most of the time it is in one direction, and transactions in two directions are rarely done.
After looking at the news, there is currently no substantial positive information, and no new large funds have entered. It is still the market funds that are gaming, so this rise seems strange. There are fewer open orders on the contract liquidation map on Coinsoto. Two thirds.
Coinbase has been very active in cooperating with supervision recently, which means it wants to be the boss.
Suggestions:
The approval of the BlackRock ETF application was announced on October 17. The rise is expected speculation, and in line with the recent positive news about the passage of many ETH futures, we need to pay attention to the position near 28600, as well as the news on the 17th. These are two important node.
It is expected that BlackRock's application will still be postponed, because other applications for spot ETFs have been postponed, and the SEC is not yet ready to regulate crypto, so I think this round of increase will not be too high, and the idea of a bull return is still not available, but once the application is approved , is definitely a big plus, just don’t rush, just open it with a probability of 2 to 8.
In terms of operation, I will try small short positions first, pay attention to the relationship between volume and price at any time, gradually increase the position, and choose to stop loss at key positions if there is a breakthrough with volume.
Trading is about making money as expected with a high probability, just control your position and you're done.
Note: No membership fee, steady income from following orders, taking you across levels!
#A9社区 Trend Trading Team
Sincere invitation, let’s grow together🚀
#BTC
I mentioned in my articles on September 23rd and 28th that there would be an upward trend when the volume of 27300 increased, but I didn’t expect it to come so soon.
The volume broke through at 4 o'clock in the morning today. When I was sleeping soundly, the US trading time was pulling up, the 4-hour line increased the volume, and the daily line did not increase the volume. However, in the low liquidity market on the weekend, this volume can be considered acceptable.
There is no participation in this wave of rise. In the bear market, most of the time it is in one direction, and transactions in two directions are rarely done.
After looking at the news, there is currently no substantial positive information, and no new large funds have entered. It is still the market funds that are gaming, so this rise seems strange. There are fewer open orders on the contract liquidation map on Coinsoto. Two thirds.
Coinbase has been very active in cooperating with supervision recently, which means it wants to be the boss.
Suggestions:
The approval of the BlackRock ETF application was announced on October 17. The rise is expected speculation, and in line with the recent positive news about the passage of many ETH futures, we need to pay attention to the position near 28600, as well as the news on the 17th. These are two important node.
It is expected that BlackRock's application will still be postponed, because other applications for spot ETFs have been postponed, and the SEC is not yet ready to regulate crypto, so I think this round of increase will not be too high, and the idea of a bull return is still not available, but once the application is approved , is definitely a big plus, just don’t rush, just open it with a probability of 2 to 8.
In terms of operation, I will try small short positions first, pay attention to the relationship between volume and price at any time, gradually increase the position, and choose to stop loss at key positions if there is a breakthrough with volume.
Trading is about making money as expected with a high probability, just control your position and you're done.
Note: No membership fee, steady income from following orders, taking you across levels!
#A9社区 Trend Trading Team
Sincere invitation, let’s grow together🚀
#BTC
