On Saturday, I gave everyone the general direction to go long, looking for a 4-hour rebound. ETH has a need to reach around 2940-3020, and BTC 89200-92400. As of now, from the 4-hour to daily chart, there is still upward demand. You can check the 4-hour and daily candlesticks. The smaller timeframes are quite choppy, with back-and-forth fluctuations, but my personal trading approach is to go long on dips, although the stop-loss is a bit wide, as shown in the chart below. Personally, I don't care how it moves or shakes out on the 15-minute or 1-hour charts, or how it tests patience. As long as there are no short signals on the 4-hour, 12-hour, or daily charts, I won't take a short position (except for ultra-short-term trades, which I basically can't do or execute, so I focus on the overall big trend). Currently, on the major trend, ETH has strong support at 2760. The reasonable support and defense level is at 2680, which is a bit wide, so I personally control my position size and set my stop-loss below 2760. BTC support is at 85400, with reasonable defense below 83400. Currently, the range is 89200-92400. The overall trend is still oscillating upward. Just my personal opinion, for reference only. Chatting in the live stream at 14:00. See you later if you have time, guys.
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13:20
On Saturday, I gave everyone the general direction to go long, looking for a 4-hour rebound. ETH has a need to reach around 2940-3020, and BTC 89200-92400. As of now, from the 4-hour to daily chart, there is still upward demand. You can check the 4-hour and daily candlesticks. The smaller timeframes are quite choppy, with back-and-forth fluctuations, but my personal trading approach is to go long on dips, although the stop-loss is a bit wide, as shown in the chart below.
Personally, I don't care how it moves or shakes out on the 15-minute or 1-hour charts, or how it tests patience. As long as there are no short signals on the 4-hour, 12-hour, or daily charts, I won't take a short position (except for ultra-short-term trades, which I basically can't do or execute, so I focus on the overall big trend).
Currently, on the major trend, ETH has strong support at 2760. The reasonable support and defense level is at 2680, which is a bit wide, so I personally control my position size and set my stop-loss below 2760. BTC support is at 85400, with reasonable defense below 83400. Currently, the range is 89200-92400. The overall trend is still oscillating upward.
Just my personal opinion, for reference only.
Chatting in the live stream at 14:00. See you later if you have time, guys.