Trader Chen Shu: Bitcoin and Ethereum market strategy No. 1 on October 16th. Yesterday's strategy successfully verified the intraday shrinking volume and rising attention to the strength of the callback. The article analysis on October 15th gave the idea of falling first and then rising. First, 6.55 was given for shorting and 6.48 was given, and then 6.48-45 was given for longing. The highest rise was around 68,000. The long order won 3,000 points of profit. The point prediction was accurate. Ethereum also gained. Congratulations to friends who followed the article's ideas. The current market remains at a high level of 67,000. Please see the following analysis for how to operate. From the daily chart of Bitcoin, although it went up and down yesterday, the daily line still received a red K-line with upper and lower shadows. The daily pressure level is still at 6.83. In the short term, we need to pay attention to the selling pressure of the locked-in disk at this line; in the 4-hour chart, the current price is still strong along the MA5/10 daily moving average, and the downward correction strength is limited. The short-term support can focus on the gains and losses of the 4-hour MA5/10 daily moving average. Pay attention to the risks of chasing highs with shrinking volume. Since this round of rise, there has been no phased correction since the rise. Beware of a large-scale correction at the end of the week.
Ethereum rushed to a high point of 2700 yesterday and received a green K-bar with upper and lower shadows on the daily line. The pressure level is consistent with the picture in the article yesterday at 2700. The short-term periodic pressure level is to look at the weekly MA2660 line. Before breaking through and stabilizing, it is difficult to see a strong rise; in the 1-hour chart, the price is currently divided in the short term, and the currency price fluctuates around the MA10/30 daily moving average. Pay attention to the support of the hourly MA60 daily moving average (2580).
Lunch operation ideas:
BTC: 6.63-6.6 range light position long, target 6.3-6.8 range; above 6.83-6.88 light position short look 1-2000 point callback
ETH: 2580 near light position long, target 2630-2660; above 2700-2680 light position short look 60-100 point callback
Note: Short-term continues to maintain strong, but the market has begun to diverge, the more upward the waterfall, the greater the force, in the process of rising, try not to chase the rise, long need to bring stop loss, the next market focus on the breakthrough of 6.83 pressure level, after overbought, there has been no shock correction market, short-term attention.
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