I plan to quit the circle. I found that trading is not as profitable as being a monk. I plan to find a temple with incense and use the money earned from the temple to buy BTC...
Let's get back to the point. My trading ideas today are quite tangled. BTC fluctuates, ETH breaks new highs, and there are big differences in the altcoins. AVAX has a good structure and broke the previous high, but similar to WIF and CHZ, I think there are short opportunities. After comprehensive analysis, I still plan to short the weak altcoins
Macro:
This week is a big data week, ADP employment on Wednesday, the Federal Reserve interest rate decision on Thursday, and non-agricultural data on Friday. You need to pay attention to this time point
Technically:
BTC's current upper line resistance has not been broken, and the small-level evening star is bearish, but it needs to be understood that the entire structure and trend of BTC are still healthy and upward, so Once the upper line breaks through here, I will cancel the short position. It is easy to see the bull flag go to the previous high.
ETH is particularly strong today and breaks a new high. In fact, this trend of ETH makes me feel very entangled in shorting the alt, because I am not very good at touching the left side of the callback, but my personal understanding is that ETH still has upper line resistance on the weekly chart, so it will not touch the left side of the short position until it reaches 4100.
For the alt, I am struggling between WIF and CHZ today. In the end, I chose CHZ, which is less popular. The daily level is in a large consolidation structure. I think most of the alts that have not broken through today have CM's inducement behavior in the upward price, that is, to find the high point of the new descending channel. You can try the bearish channel structure on the left.
There is a very beautiful bearish gold K line in the 4-hour level K line. At the same time, the TD high is 13 turns, the stop loss is above the upper shadow line, and the take profit is below the huge space. First, open a 1wu position on Binance Smart Money to start a first position.
The above is only my own thoughts on opening orders today. You can discuss but do not recommend copying homework. You can only rely on yourself to trade. In terms of position management, I have said before that I always fix 1wu (leverage multiplied by margin)