Technical analysis of BTC contract on April 16:
Today, the daily level of the big cycle closed the small negative line yesterday, and the K-line form is single yin and single yang. The price has reached above the moving average during the strong pullback trend in the previous three trading days. The indicator in the attached picture is running golden cross. Although the current rebound trend seems to be relatively strong, the suppression at the weekly level is still very obvious. Under such circumstances, our transactions must remain short-term, do not be greedy, and enter and close the position. All positions must be decisive, otherwise it is easy to be trapped; in the four-hour chart, the price of the European market yesterday was under pressure and retraced. The K-line pattern was continuously negative, and the price was below the moving average. The indicators in the attached picture were running dead cross, and the moving average pressure was near the 84500 area. On the short-period hourly chart, the K-line pattern was continuously negative, with the correction high point near the 84200 area. Looking at today, it is simple. Use the four-hour moving average pressure as a defense to sell.
Today's BTC short-term contract trading strategy: counter sell in the 84150 area, stop loss in the 84600 area, and target the 83150 area;
Today, the daily level of the big cycle closed the small negative line yesterday, and the K-line form is single yin and single yang. The price has reached above the moving average during the strong pullback trend in the previous three trading days. The indicator in the attached picture is running golden cross. Although the current rebound trend seems to be relatively strong, the suppression at the weekly level is still very obvious. Under such circumstances, our transactions must remain short-term, do not be greedy, and enter and close the position. All positions must be decisive, otherwise it is easy to be trapped; in the four-hour chart, the price of the European market yesterday was under pressure and retraced. The K-line pattern was continuously negative, and the price was below the moving average. The indicators in the attached picture were running dead cross, and the moving average pressure was near the 84500 area. On the short-period hourly chart, the K-line pattern was continuously negative, with the correction high point near the 84200 area. Looking at today, it is simple. Use the four-hour moving average pressure as a defense to sell.
Today's BTC short-term contract trading strategy: counter sell in the 84150 area, stop loss in the 84600 area, and target the 83150 area;
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.