$ETH Evening Thoughts: 7.23.
The “second coin” (two-bao) has nothing much to say—it's stronger than the “big coin” (da-bao). The big coin at least briefly wicked below and then broke false through 65,500, while the second coin didn’t even have a false break of the range box. It’s still moving within the consolidation box of 1943–1910. The second coin is still the same as the daytime view: as long as it can’t break above 1943, the uptrend can’t be sustained; if it doesn’t break below 1910, it can’t fall down either. So it can only keep ranging around within the 1943–1910 consolidation box.
A break above 1943 would look toward the prior high and then 1985. A break below 1910 would look toward 1895 and then 1851. So the second coin has no trading opportunity for now—it can only be waited on to either break out or break down, and then do a right-side trade.
When the second coin breaks out above 1936 with volume, the aggressive crowd can chase longs on the right side. When it breaks down below 1903 with volume, the right-side crowd can chase shorts. Pay attention to changes in volume and place stops accordingly.
On the hourly timeframe: once it holds above 1936, look up to 1958–1985.
On the 4-hour timeframe: if it breaks below 1910, look down to 1892–1852.
Why is the second coin so hard/strong? Because the exchange rate has been in an uptrend. As long as the second coin’s exchange rate doesn’t fall below 0.02875, the second coin will remain strong. Only when the second coin’s exchange rate falls below 0.02875 can it shift from strong to weak. That’s it—meeting adjourned.
$ETH
#基金经理2023年3月来首次看多黄金
The “second coin” (two-bao) has nothing much to say—it's stronger than the “big coin” (da-bao). The big coin at least briefly wicked below and then broke false through 65,500, while the second coin didn’t even have a false break of the range box. It’s still moving within the consolidation box of 1943–1910. The second coin is still the same as the daytime view: as long as it can’t break above 1943, the uptrend can’t be sustained; if it doesn’t break below 1910, it can’t fall down either. So it can only keep ranging around within the 1943–1910 consolidation box.
A break above 1943 would look toward the prior high and then 1985. A break below 1910 would look toward 1895 and then 1851. So the second coin has no trading opportunity for now—it can only be waited on to either break out or break down, and then do a right-side trade.
When the second coin breaks out above 1936 with volume, the aggressive crowd can chase longs on the right side. When it breaks down below 1903 with volume, the right-side crowd can chase shorts. Pay attention to changes in volume and place stops accordingly.
On the hourly timeframe: once it holds above 1936, look up to 1958–1985.
On the 4-hour timeframe: if it breaks below 1910, look down to 1892–1852.
Why is the second coin so hard/strong? Because the exchange rate has been in an uptrend. As long as the second coin’s exchange rate doesn’t fall below 0.02875, the second coin will remain strong. Only when the second coin’s exchange rate falls below 0.02875 can it shift from strong to weak. That’s it—meeting adjourned.
$ETH
#基金经理2023年3月来首次看多黄金
