Bitcoin / TetherUSShort
[08/09] Beast Trading _ Today's Bitcoin Perspective
[08/09] Beast Trading _ Today's Bitcoin Perspective
Yesterday in the market, I told you that it was a common long position section, which was an upward C wave after convergence B, or a rise in the form of 1,2,3-1,3-2, and I told you to approach the short position conservatively.
As predicted, Bitcoin showed a strong rise and rose to 24.2k.
How should we respond to the sale at this point?
First, let's look at two perspectives that we can see at this point in time.
The first point of view is that the B-wave rise ended at the high point made by the rise yesterday.
From this point of view, it's a view that it can shift to a downward trend and come down pretty strongly, and in this case, the target value is likely to fall from 21.8k to 22k, let alone a 22.3k low point renewal.
The second point of view is that the accumulated trading volume yesterday is not small, so the rising trading volume is added again and the 24690 high point is renewed.
In the case of this perspective, it still belongs to a strong upward trend, and it can be analyzed that adjustment is occurring at the current small wave scale.
Assuming that the upward trend is still continuing, and the buying volume is attached, from this point of view, it is likely to rise to 26.1 to 26.3k, let alone renew the overall high point.
Both are views from a relatively large framework, so it would be good to refer to in the process of setting a big direction.
*Trading view plot is the first view.
*So far, I think the first view is a little more likely, but if there's a strong uptick, I think I'll scrap this view and respond with a second view.
Finally, I think we're going to maintain the view that bitcoins are going to go from 25 to 26 k until 20.7 k is broken. I think it'll be the difference between reaching it right away or reaching it with deep adjustment.
Yesterday in the market, I told you that it was a common long position section, which was an upward C wave after convergence B, or a rise in the form of 1,2,3-1,3-2, and I told you to approach the short position conservatively.
As predicted, Bitcoin showed a strong rise and rose to 24.2k.
How should we respond to the sale at this point?
First, let's look at two perspectives that we can see at this point in time.
The first point of view is that the B-wave rise ended at the high point made by the rise yesterday.
From this point of view, it's a view that it can shift to a downward trend and come down pretty strongly, and in this case, the target value is likely to fall from 21.8k to 22k, let alone a 22.3k low point renewal.
The second point of view is that the accumulated trading volume yesterday is not small, so the rising trading volume is added again and the 24690 high point is renewed.
In the case of this perspective, it still belongs to a strong upward trend, and it can be analyzed that adjustment is occurring at the current small wave scale.
Assuming that the upward trend is still continuing, and the buying volume is attached, from this point of view, it is likely to rise to 26.1 to 26.3k, let alone renew the overall high point.
Both are views from a relatively large framework, so it would be good to refer to in the process of setting a big direction.
*Trading view plot is the first view.
*So far, I think the first view is a little more likely, but if there's a strong uptick, I think I'll scrap this view and respond with a second view.
Finally, I think we're going to maintain the view that bitcoins are going to go from 25 to 26 k until 20.7 k is broken. I think it'll be the difference between reaching it right away or reaching it with deep adjustment.
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