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April 21 Midday Silk Road and Suggestions
Bitcoin breaks through 76273 with high volume, follow-up long positions;
75299 with high volume breaks below, rebound unable to recover, do not chase short positions on the right side, set good stop-loss.
Bitcoin breaks above and stabilizes at 76273 on the hourly chart, aiming higher at 77474-78323;
if it cannot go above 76273, it’s useless.
On the 4-hour chart, if it breaks below 75236, look down to 73758-71990.
Upper resistance: 76273-77474-78323
Lower support: 75281-73750-71970
Silk Road Pattern
Second Bitcoin breaks through 2317 with high volume, follow-up long positions;
close and set stop-loss.
2280 with high volume breaks below, follow-up short positions;
set good stop-loss.
Rebound to 2229 confirms support is effective, add one long position,
break below 2182, stop-loss.
Second Bitcoin on the hourly chart stabilizes at 2317, aiming up at 2346-2376.
Watch for 2376 above to add one short position,
break through 2417, stop-loss.
Left-side order: 2176 long, break below 2132, stop-loss.
Upper resistance: 2317-2346-2376
Lower support: 2280-2229-2175
On the 4-hour chart, if it breaks below 2281, look down to 2220-2159.
Second Bitcoin has again fallen below 2310, hoping it does not break the triangle to stay within the range for consolidation.
Once the triangle is broken downward, the low point of yesterday’s needle insertion cannot hold, and it will test the support at 2235 below.
To stop the decline, it must return above 2310 to have a chance to reach the high points indicated by the red arrow and 2379.
That’s all for now.
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