This wave of market I have previously described as "blunt knife cutting meat", we clearly see november 5, the four cycles experienced: down - shock - rebound - then fall, this is a very typical "continuous decline" trend.
But in this trend, we can still find good opportunities. Look at the 1, 2, 3 in the figure, there is a rebound, the target bit is about 0.5 in Fibonacci.
If you look at the current trend, the rebound opportunity exists.
Tip: Trading in the digital money market, lack of fundamental analysis, more to see the technical pointer operation, and Fibonacci is a very widely used line-drawing technology, for many short-term traders, should be more studied.
Strategy: Short-term, if the price exceeds $8140, the target is around $8,300, which is the position of figure 4. There is about 2% room for growth. For spot trading, profits are low. So this trading strategy is more suitable for "contracts". Note that any trade must set stop loss, once not according to the predetermined trend, must be timely stop loss.
But in this trend, we can still find good opportunities. Look at the 1, 2, 3 in the figure, there is a rebound, the target bit is about 0.5 in Fibonacci.
If you look at the current trend, the rebound opportunity exists.
Tip: Trading in the digital money market, lack of fundamental analysis, more to see the technical pointer operation, and Fibonacci is a very widely used line-drawing technology, for many short-term traders, should be more studied.
Strategy: Short-term, if the price exceeds $8140, the target is around $8,300, which is the position of figure 4. There is about 2% room for growth. For spot trading, profits are low. So this trading strategy is more suitable for "contracts". Note that any trade must set stop loss, once not according to the predetermined trend, must be timely stop loss.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
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.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
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.