Again, bitcoin trends and pressures

29 mars 2019

I have analyzed the trend of the currency, many times in here again, a $6000 break downward, formed in the $3200 rebound, now belongs to the rally, and rebound goal is $4800 to $5200, here is the fall of 0.5-0.618 area, don't break this interval in theory, rebound will end (specific can see more than my previous article). In the magic index article, I elaborated the declining trend, and there was never a K line with a monthly closing positive line lasting more than 2. Therefore, the trend in April will affect the judgment after that. If the negative line in April is closed, theoretically it is still a declining cycle.

For the current situation, I always emphasize here to stay, because now is in a rebound in the sensitive period, before the break through $4100 to $4200, could not confirm the validity of upward breakthrough, if can't break out, there is a variable, is likely to fall again, in a critical position to do so is very dangerous; However, there is no short signal here, so I will give a wait-and-see conclusion. From the past week's moves, it seems better to be long, but for investors with average trading levels in real time, if you go back and recall this week's moves, is it really clear to buy? 22 closed at $3981, today closed at $4008, if you have been holding, in fact, it does not make much sense, and for the bottom, the real wave of rise in the early morning of the 27th, if you do not grasp, other time period is not too good trading opportunities.

We do secondary market trading, security first, in such a highly speculative market, if there is no good trading discipline, it is very difficult. The so-called buddhist theory of holding money is untenable. If you only see the profits and turn a blind eye to the risks, the chances in the secondary market are slim.

Back to dish, we look at short-term XBT pressure, for around $4120 is rising channel of the rail, it is always subject to a wave of rebound, can't break out, the rebound is likely to be dead, if the breakthrough, the next important pressure in the neighborhood of 4200 dollars, it is previous highs, only effective breakthrough here, to open up space.

Our expectations for the market, are a reference, trading is more of a look at the immediate trend, you can not expect to reach $5,200, just hold the currency, that is very dangerous. It's like the weather forecast, it says there's a 20% chance of rain today, you don't have your umbrella with you, and then it rains, you say because the weather forecast says there's no rain, so I'm in the rain. You may think this is ridiculous, but what about the reality? How many people, after listening to some big V, expert's analysis, say that bitcoin can go up to $1 million, and then hold the bitcoin at $18,000! If your money is running out of room, donate it to a charity and don't pay for the big V's comments. Because it's worthless, nobody's going to pay for your loss, and if somebody's really amazing, why don't they trade? It is not always the true traders who make waves in the market.