BTC -2.21%-strategy-go-short-when-the-top-reaches-39500-target-profit-at-1000-2000-points">February 22 Bitcoin strategy: go short when the top reaches 39500, target profit at 1000-2000 points
Since this month, Bitcoin has been affected by the Ukraine incident and has continued to decline. Yesterday, it rebounded to the highest level of 39,500 and continued to decline. At present, it has reached the lowest level of 36,350, with a decline of more than 3,000 US dollars. Judging from the current K-line, is it possible to buy the bottom now? Now is not the time to grab the bottom. Find 1.22 so far, link the highest point of 45821, the Fibonacci dividing line of the low point of 32917. Pay attention to the golden ratio point of 0.236, which is the 35962 line. This is a support point. From the 4-hour chart, the K line is a wave of three consecutive Yin. Today, the focus is on the upper resistance at 39500 and the lower support at 35900.
The bottom reaches 35900 to do more, and the target is to see the profit of 1000-2000 points.
ETH -2.49%-strategy-on-february-22-go-short-when-the-top-reaches-2760-target-profit-at-100-200-points">Ethereum strategy on February 22: go short when the top reaches 2760, target profit at 100-200 points
Compared to Bitcoin, Ethereum has been more active in the recent trend. According to data, in the past two weeks, the daily destruction of Ethereum has averaged about 6,910 pieces per day, indicating that the activity of Ethereum on the chain has declined, which may have an impact on the market. Returning to the market, the highest price of Ethereum reached 2759 yesterday, and the lowest price today reached 2506, a decline of more than 250 US dollars. Compared with Bitcoin, the decline is not that big, so today Ethereum should complete the fall. Returning to the market, the three consecutive declines in the 4-hour chart broke the first support below. Similarly, everyone open the disk and use the Fibonacci dividing line to link the high point of 3283 and the low point of 2159. You can see the complete golden ratio. The ratio of 0.236 is the 2424 line as the final support point.
The bottom reaches 2420 to do more, the target is to see the profit of 100-200 points.
