Bitcoin

Focus on the pressures of ma18

133

Recently, the main force has been saving face and doing according to our battle plan, but there is nothing to be proud of, because the probability of success is not very high, failure is the norm. So how to go next, whether we can achieve the target of 5 waves, we need to continue to observe. But in addition to forecasting, we have better trading standards to make up for the short board. In the past two days of rally, we have seen two remarkable phenomena. One is that the suppression of ma18 is getting closer and closer, which is a great challenge for bulls. The second is the low 9080 support, if the formation of a double bottom, can bring more long capital. So in a narrow space, many empty to engage in hand-to-hand combat, the next few days will be very cruel. And I give advice, still wait and see, we only help the winner, this is the basic survival law of trading.
We have seen a decline from the high of $13,920 on June 26 to $9,080, which took 21 trading days. In theory, it can be regarded as a cycle to end the adjustment. However, as of yesterday, it may also become a cycle to change the market
Support: low front 9080, trend line 8540 or so
Pressure level: ma18

strategy

Wait and see, wait for the current trend after considering the operation plan.


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.