Crypto Circle News
April 16 Hot Topics:
1. XRP may receive SEC approval for a spot ETF due to market liquidity and leading leveraged products.
2. Semler Scientific applies to register and issue up to $500 million in securities, intending to use part of it for Bitcoin acquisition.
3. The CyberKongz NFT series has received SEC approval and plans to undergo a rebranding.
4. Aztec launches the StealthNote platform to protect anonymous whistleblowers.
5. TD Cowen warns that the crypto industry faces increasing political risks due to investments related to Trump.
Trading Insights
After years in the crypto circle, I have summarized several methods and tips for short-term trading to share with everyone!
Skillfully Use Technical Analysis to Seize Trading Opportunities
Technical analysis is an important tool for short-term trading in the crypto circle. By analyzing historical price and trading volume data, one can predict future price trends. Common indicators include:
① Moving Averages: Such as the 5-day and 10-day moving averages. When the short-term moving average crosses above the long-term moving average, it may signal a buying opportunity; conversely, crossing below may signal a selling opportunity.
② Relative Strength Index (RSI): When RSI exceeds 70, it indicates that the market is overbought, and prices may fall, suggesting a sell; below 30 indicates the market is oversold, and prices may rise, suggesting a buy.
③ Bollinger Bands: Comprised of three lines, with the middle line being the moving average and the upper and lower lines indicating price volatility ranges. When the price touches the upper band, it may face resistance, signaling a selling opportunity; touching the lower band may provide support, signaling a buying opportunity.Closely Monitor Trading Volume to Confirm Trend Signals
Trading volume is a key indicator of market activity and capital flow. When prices rise and trading volume increases simultaneously, it indicates a strong upward trend, suggesting to hold or buy; if prices rise but volume decreases, the upward trend may be hard to sustain, requiring caution. Similarly, if prices fall with increasing volume, the downward trend may continue; low volume may indicate a weakening downward trend. A significant increase in volume when breaking through key resistance or support levels is an important signal for trend confirmation.Strictly Implement Risk Control to Safeguard Principal
Risk control is the core of short-term trading and is crucial for investment success. Recommendations include:
① Diversify Investments: Do not concentrate all funds in one cryptocurrency; diversify investments across various mainstream and potential cryptocurrencies to reduce risks from the volatility of a single asset.
② Set Stop-Loss Orders: Establish stop-loss points before each trade, such as selling decisively if losses reach 5%-10% to prevent further losses.
③ Control Position Size: The position size for a single trade should not exceed 20% of total funds to prevent significant losses from individual trading errors.Accurately Capture Short-Term Hotspots and Profit from Trends
The crypto circle has rapid shifts in hotspots. Paying attention to popular projects or newly launched cryptocurrencies can help seize short-term price fluctuation opportunities. For example, if a project has a significant technological breakthrough, partnership news, or a new cryptocurrency garners market attention during its initial launch, prices often experience considerable volatility. However, be cautious as high-volatility cryptocurrencies carry high risks; set appropriate stop-loss and take-profit levels.Rationally Utilize Arbitrage Trading to Earn Price Differences
Arbitrage can be conducted by exploiting price differences between different exchanges. For instance, if a cryptocurrency is priced lower on Exchange A and higher on Exchange B, one can buy on Exchange A and sell on Exchange B to profit from the price difference. When operating, be mindful of transaction fees, withdrawal times, and other costs to ensure that the price difference covers costs and leaves room for profit. Additionally, some exchanges may have restrictions on arbitrage trading, so it’s essential to understand these in advance.
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading orders from the Big White Community this week. Congratulations to those who followed along; if your trades are not going well, you can come and try your luck.
The data is real, and each order has a screenshot from when it was issued.
**Search for the public account: *Big White Talks About Coins*
BTC
Analysis
Bitcoin's daily line fell from a high of around 86450 to a low of around 83550 yesterday, closing around 83600. The support level is near MA14; if it breaks, it could drop to around 81550. A pullback could provide a buying opportunity nearby. The resistance level is near MA60; if broken, it could rise to around MA200. A rebound to this area could provide a selling opportunity. MACD shows a decrease in bullish momentum. The four-hour support level is near MA120; if broken, it could drop to around MA60. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; if broken, it could rise to around MA14. A rebound to this area could provide a selling opportunity. MACD shows an increase in bearish momentum.
ETH
Analysis
Ethereum's daily line fell from a high of around 1660 to a low of around 1585 yesterday, closing around 1590. The support level is near 1545; if broken, it could drop to around 1445. A pullback could provide a buying opportunity nearby. The resistance level is near MA30; a rebound to this area could provide a selling opportunity. MACD shows an increase in bullish momentum. The four-hour resistance level is near MA30; if broken, it could rise to around MA14. A rebound to this area could provide a selling opportunity. MACD shows an increase in bearish momentum, forming a death cross.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article may have a certain lag. If you have any questions, feel free to consult.
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