Pay attention to the rebound pressure level of bitcoin

18 juil. 2019

Let's look at a multi-periodic graph. I used to like to use a multi-periodic graph. It's easy to see.

First look at the 60-minute cycle, adjustment, moving average pressure is very obvious, so the short line is not optimistic, and 11600 is the top of the dense trading area, that is to say, if there is a rebound, where will also be a very strong resistance.

120 minutes cycle and 60 minutes similar, KDJ in the high adjustment demand, and medium-term average pressure, rebound is not optimistic, even the construction of the platform can not say that the bottom will be completed.

240 minutes cycle, rebound, but belongs to the oversold rebound, because the pressure in 11400, so far from the average of a repair market. As for breaking the average, there is no conclusion.

Daily line we see the support of ma72 is still obvious, I also said here may have a few days of sideways trend, because the short term overshoot down. However, it is too early to judge whether ma72 will form a bottom. We see KDJ has slipped to the oversold area, so the market has rebound demand. If the suppression of ma6 can break through, we will consider building a bottom around ma72. The day line to see the support of the intensive trading area around $7800, so the bulls are not safe landing.

At present, the most critical is risk aversion, you do not know where the bottom, there is no need to predict, it is useless, the right side trading in the currency circle is the best standard.