A young man once asked Jobs: Where does your wisdom come from? Jobs replied: from precise judgment. The young man asked again: Where does accurate judgment come from? Jobs replied: from the accumulation of experience. The young man asked again: where does your experience come from? Jobs replied sincerely: from countless wrong judgments. No one can climb to the pinnacle of success without countless mistakes.
Bitcoin’s short raids fell below the previous low of 21,400 in one fell swoop. The current downward trend has fallen below the half-percentage, and the price may develop further. Bitcoin operation recommends selling at 20700, risk control at 21300, target 19200~17900.
Bitcoin bearishness is based on the following:
1. Bitcoin closed yesterday, indicating that the downward trend has not yet been completed.
2. According to my personal analysis, the five-wave rise of wave A has all ended, and the current retracement trend of wave B has not formed a key turning point of the three-wave pattern, so it may be necessary to get out of the extreme one-wave pattern at present.
3. The upper pressure is 20700~21400, and the lower support is 19200~17900
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Note
Bitcoin keeps falling as I expected, what are you waiting for traders?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.