As a senior person in the crypto, I have been committed to providing useful suggestions to everyone, hoping that everyone will take fewer detours and make fewer wrong orders in this market. Although I have been earnestly advising you, you still need to explore the road of investment by yourself. Learning is endless, and the experience you have learned is the real wealth!
There is no need to over-demonstrate your strength. The key is to gain recognition from more people. On the road of investment, it is more important to do your best than to prove your strength to others. You will know whether it is a mule or a horse by taking it out for a walk.
The secret of trading is to wait. It is purposeful. Waiting beats 99% of people. Trend traders wait for callbacks. Oscillators wait for highs and lows. Rebound traders wait for volume. Breakout traders wait for pullbacks. Find the bottom and buy the dips. Wait for a reversal.
I am an academician of the crypto and a warrior who has always been protecting the leeks. I wish my fans to achieve financial freedom in 2024. Let’s cheer together!
Crypto Academician: 2024.6.22 Bitcoin (BTC) Latest Market Analysis Reference
This kind of oscillating downward trend has been going on for a long time, from June 7th to now, near the end of the month, the market has been hovering around the 64,000 mark. As of 2 a.m. before press time, the daily K-line was blocked below the EMA90 trend indicator pressure level of 65,000, the KDJ contraction K-line diverged, the Bollinger Bands opened, the distance between long and short positions widened, and the K-line left the lower track support of 62,700. The middle track pressure level is 67,300. The overall trend is consolidating, and the MACD shrinking volume and increasing funds K-line also diverges. This bottom divergence is not necessarily a reversal signal. It is expected that the main force will have a wave of bottoming out and then stretch. Pay attention to the support point of the major trend below, around 61,300.
The four-hour K-line downward channel continues, and the EMA trend indicator ends its alternating downward diffusion. The K-line is blocked by the EMA15 resistance point of 64400. The KDJ spreads downward, the Bollinger Bands close, and the long and short positions begin to shrink. The lower track has reached 63700, and the upper track has fallen to 65000. The MACD bottom divergence continues to decline, and the DIF and DEA shrink at low levels. The overall trend shows a sideways repair. It is expected that there will be a wave of retracement to break the previous low. You can wait for opportunities with short positions. After the retracement to the lower support is effective, you can start to arrange more. Just be patient for the time being.
Short-term ideas for reference:
The entry point for long positions is 62500 to 62300, and the defense point is 61300 to 61500. The stop loss is 400 points. The exit target is 63500 to 64000. The second target is 64800 to 65300. If it breaks, it will be 66000.
The entry point for short is 66300 to 66600, and the defense is 67200 to 67400. The exit target is 65300 to 65000, and the second target is 64000 to 64300. If it breaks, it will be around 63500, and the stop loss is 400 points.
The fundamental of trading is survival, followed by profit. Therefore, before each operation, think clearly whether your operation is reasonable and whether the principal is safe. You must form a set of trading ideas of your own and continuously optimize and improve them. Although the suggestions of academicians in the crypto cannot make you rich overnight, they can always help you. Only those who survive in the crypto for a long time and persist to the end can get the results they want. I hope you can understand. The specific operation is based on the real-time data of the market. For more information and details, please contact the author. There is a delay in the release of the article. The suggestions are for reference only and you bear the risks at your own risk.
This article is exclusively contributed by the academician of the crypto, and only represents the exclusive views of the academician. There are in-depth studies on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of article push, the above views and suggestions are not real-time, for reference only, at your own risk, please indicate the source for reprinting, and reasonably control the position when making orders, and do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and don't let the profits that should have been obtained fly away. There is no need to be smarter than the market in investment. When the trend comes, respond to it and follow it; when there is no trend, observe it and be quiet. It is not too late to wait for the trend to finally become clear before taking action. Tomorrow's success comes from today's choice. God rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses are inadvertent. Develop the habit of strictly taking stop loss and stop profit for each order. The academician of the crypto wishes you a happy investment!
