Sunday chart analysis and support resistance levels



1. Performance of the trend:

Bitcoin: The current trend is a standard bearish continuation pattern, with platform resistance at 107300. This round of decline is relatively mild. Throughout the day, the attempts to break through 107300 may not be successful, and there is a high probability of continuing to retrace downward. The key bullish-bearish watershed above is at 110000. As long as it cannot stabilize above 110000 next week, the market will continue to decline, indicating that overall market confidence is insufficient and requires a long period of repair. Even when good news comes, people are hesitant to buy. We will have to wait for a better buying opportunity.

Ethereum: The trend is also very weak, starting to decline from October 14th and facing resistance without being able to rise. It has been moving in a fluctuating downward trend. Currently, attention needs to be paid to the area around 3920; as long as it cannot break through during the day, the downtrend will continue. On the downside, keep an eye on the strong break below around 3440; do not rush to buy long positions. The downside space will be completely opened up.

SOL: The trend is the weakest, and there is a double top structure on a smaller timeframe. Let's look for a retracement to the 183 position; if it breaks below, it will continue to decline, and support will be at the range consolidation. Recently, I've been using small positions and setting good stop losses. There is plenty of space both above and below. The current formation and sentiment make it difficult to rise; specifically, let's see the U.S. stock futures on Monday.

2 Risks: The main risk lies in Bitcoin, while the second-tier coins have already touched the bull-bear decomposition line in the Bitcoin range of 100,000-95,000. If Ethereum breaks below 3,400 without a strong rebound to recover, it may experience long-term fluctuations below. The next major bull run may take at least three months to start. Currently, there seems to be no distinction between bulls and bears, just a transfer of liquidity. Right now, there is a lack of capital entering the market. The last big drop scared away a lot of funds. Let's wait, as the probability of a surge in the near term is low. The probability of continued decline is high.

3 Trend Prediction: As long as Bitcoin can stay above 106000, there will be a continuous horizontal fluctuation of 1000 points, with a direction choice next week or at night. The market lacks confidence, and short positions should be taken at highs.

4 major trend judgments: This week closed with a bearish candlestick, and the weekly top reversal pattern is basically confirmed. It is uncertain if there will be another strong rebound. At this position, the market may enter a phase of low liquidity with persistent small-range sideways fluctuations. However, trading at this position without a stop-loss could result in severe losses if the market suddenly moves.

The points from yesterday can still be used.

Intraday entry points for long and short positions (as long as the previous low or previous high is not broken, the points in the opposite direction will not change)

Trade by monitoring weak intermediate levels, and place orders at strong extreme points (Bitcoin stop loss at 800 points, Ethereum at 25 points, SOL at 1.5). Regarding take profit: if the position is profitable, reduce the position and wait until it corresponds to the stop, it is better to buy more at the support level. The extreme take profit level is the strong resistance level given during the day, and reduce positions at each resistance above.

SOL weak resistance at 187 medium at 189.1 strong at 192.5

SOL support weak 185.4 medium 184.1 strong 183 limit 180.3-177

ETH weak resistance 3920 medium 3870 strong 4050

ETH support weak 3855 medium 3810 strong 3765 limit 3710

BTC weak resistance 107300 medium 108600 strong 110000

BTC support weak 106500 medium 105300 can strong 104300 limit 102600

Position transfer rules! Please strictly follow the position transfer plan until the end of the year!

1. Only take trades with stop loss! 2. Live calls for short and long positions can operate simultaneously on three cryptocurrencies! Take profit and reduce positions afterward! Use high point stop loss!

3 So people open dual-position holding! If you open a short position, reduce the long position taken at the bottom. Holding both long and short positions! In the live broadcast room, reduce the position for Bitcoin by 500 points, Ethereum by 20, and SOL by 1.

Remaining position with a needle tip stop loss. Small profits are taken, not large profits; if the trend continues, additional positions will be arranged and rolled!

4 Every point on the screen can be intervened every day, but pay attention to the market data strength. When it's strong, enter and exit quickly, and don't enter if it directly breaks through! When it's weak, try to hold on.

You can not make a profit, but you cannot lose!

Old Wang's trading rules:

95% of ordinary traders rely on their brains to trade.

5% of experts - mindlessly trade according to the system

Ordinary traders - spend 90% of their time trading

Experts spend 90% of their time waiting for signals.

What truly makes the difference—is not technology, but the attitude towards

The execution power of rules, experts set the rules, strive

To execute with determination.

The end of trading is the system, the end of the system is

Execution, the end of execution is waiting, waiting ends.

The head is the signal, the end of the signal is the system, constantly

Repeat this process
BTC0.86%
ETH1.41%
SOL2.15%
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Stuart_Crownvip
· 1h ago
That’s huge—$ASTER is on 🔥
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20PerDayvip
· 9h ago
Hold tight, we are about to To da moon 🛫
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