Bitcoin fell sharply after it formed its head and shoulders. In fact, the history of the formation of the head and shoulder, the success rate is not high, we see the June arc top ended in failure. But this time it seems very standard, and in the surrounding market has not yet appeared before a sharp decline in the formation of shorts should be considered very bold.
It also confirms the logic that Bitcoin did not follow the U.S. stock, but the U.S. stock followed the bitcoin.
After the plunge, the L pattern was formed, which is bitcoin's most classic pattern. I've written articles about it before.
L-type trend, up and up the chance is actually equal. It doesn't make much sense to judgment. It is important to grasp the opportunities after the trend has been formed.
1, direct upward breakthrough, because of the moving average pressure, so ma18 may be blocked, unless it is a bull market, otherwise the rebound is not optimistic.
2, go down, it is possible to form a 4-hour bottom departure, because the daily line ma144 is below, while the CME gap at $9665, if the gap will also produce a rebound momentum. So form the bottom signal down, rebound, should be a better opportunity.
Recommendation: Although it is possible to form a bottom-off opportunity, but do not run away, the probability of failure also has, so pay attention to the right-hand entry strategy.
It also confirms the logic that Bitcoin did not follow the U.S. stock, but the U.S. stock followed the bitcoin.
After the plunge, the L pattern was formed, which is bitcoin's most classic pattern. I've written articles about it before.
L-type trend, up and up the chance is actually equal. It doesn't make much sense to judgment. It is important to grasp the opportunities after the trend has been formed.
1, direct upward breakthrough, because of the moving average pressure, so ma18 may be blocked, unless it is a bull market, otherwise the rebound is not optimistic.
2, go down, it is possible to form a 4-hour bottom departure, because the daily line ma144 is below, while the CME gap at $9665, if the gap will also produce a rebound momentum. So form the bottom signal down, rebound, should be a better opportunity.
Recommendation: Although it is possible to form a bottom-off opportunity, but do not run away, the probability of failure also has, so pay attention to the right-hand entry strategy.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
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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.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
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.