Crypto Market Analysis - November 9th

 2020-11-09 10:15:53

Let's review yesterday's market first. 

In the early hours of the morning, the currency price dropped 1,000 points quickly, and then began to rebound after falling to the lowest line of US $14,366. As of today, the daytime shock is rising, and it is now operating around US $15,400.

From the four-hour chart: Bollinger bands are moving upwards and the K-line is running in the upper and middle orbits of the Bollinger bands. The MACD short energy column is gradually shrinking. In the short term, it is still in a bullish trend. Pay attention to the US $15,300 line below and above US $15,800 line.

Judging from the daily chart, after the Doji line closed, there was a sharp correction, but the bulls quickly exerted their strength and quickly stabilized the downtrend. The Bollinger Bands moved upwards in parallel, and the moving averages remained upward. The MACD bulls' energy began to shrink. Look, the bulls dominate, and stable operation is recommended during the day to call back more orders, supplemented by high altitude.


Action suggestions:

Step back to enter the market near US $15,300-15,400, the target position is US $15,550-15,650, stop loss 80 points

Rebound empty orders near US $15,650-15,700 enter the market, target US $15,500-15,400, stop loss 80 points

Tips: Quotes are time-sensitive, thus please pay attention to take good risk control and make good use of "Take profit" and "Stop loss".

P/L calculator
Margin calculator

Open price:
Close price:
Position days:

0.00000000 BTC


0.00 %

Amount required (margin):

0.00000000 BTC

Service charge:

0.00 BTC

Daily interest:

0.00 BTC


Occupation margin:

0.00000000 BTC

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