58COIN Daily Trading Reference

[58COIN] Feb. 20, 2019, Wednesday


BTC remained at a high level yesterday. On the daily chart, the current price is near the resistance level around 4,000. The MACD, KDJ, and RSI are flat. Whether the market continues the uptrend or fall back at the high level remains uncertain, investors need to be cautious. On the 4-hour chart, the current price is blocked near 4,000, the KDJ death cross occurs and the MACD death cross is about to occur. The market may fall back, please pay attention to the support situation around 3,870. If it falls below, there may be a large drop. On the 1 hour chart, the Bollinger Band is flat, the short-term market oscillates, the lower support level is around 3,870, the middle resistance level is around 3,930, and the upper resistance level is around 3,990. Currently, as the market moves to the important resistance level, the direction is uncertain, the short-term market oscillates, it is recommended to buy low and sell high.

Resistance Level: 3,930; 3,945; 3,975; 3,995; 4,030; 4,070; 4,120; 4,150; 4,200

Support Level: 3,895; 3,870; 3,845; 3,820; 3,790; 3,760; 3,730; 3,700

Suggestions: Long: 3,890–3,860; stop loss: 3,840; target: 3,910; 3,940; 3,970

Short: 3,970–3,990; stop loss: 4,000; target: 3,940; 3,920; 3,890


Resistance Level: 3.59; 3.61; 3.63; 3.65; 3.68; 3.72; 3.77; 3.8

Support Level: 3.52; 3.46; 3.41; 3.34; 3.23; 3.13; 3.09; 2.95

Suggestions: Long: 3.52–3.46; stop loss: 3.44; target: 3.58; 3.66

Short: 3.66–3.69; stop loss: 3.72; target: 3.59; 3.55; 3.51

The specific operation is subject to the real-time prompt in the market!


The trading strategy is for reference only and the investment risk is borne by yourself. Investment involves risks, you should conduct your own research when entering the market!


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