1.5 Bitcoin market analysis after a sharp pullback bull
Updated
Yesterday, Bitcoin ushered in the biggest callback in the recent rising market, with a callback of more than 20%. It was under pressure at 33850 in the early morning. Yesterday's early morning strategy stated that the market could not stabilize 33800 and the market could be empty. The market went out of expectations. In the midday, the market plummeted by nearly 5,000 dollars, and the lower pin was inserted to 27777 and quickly retreated. Generally, the plunge is reversed after the pin is inserted, so don't kill in the plunge, or you will fall into the trap of the dealer. At around 10 o'clock in the evening, there was a wave of lure, so the indicators and K-line patterns are bullish, but it is a trick of the market, touching around 32180 and stepping back around $1,000pp. Looking at the end of the 7 consecutive positives on the daily line, the Yinxian stopped the bulls’ offensive, which is also in line with the prediction given in the article yesterday. Looking at the MACD in 4 hours, the deadlock trend has not yet finished. I personally expect it to fluctuate and fall to build up the market, to fill the gap of the previous violent rise. For the hourly chart, we still use Fibonacci. The recent market volatility is large. We have to look at the larger range. The upper 38.2 is near the 32100 line to allow us to enter the market with an empty position. The break is at the 30 MA and 23.6. The interval approach is the 32700-33100 interval. The 29600-29300 interval is given below. If you accidentally break the position, you must pay attention to the 28600 line. Here, you are considering entering the market. It is a small probability event. The market fluctuates greatly, and you should do a good job of risk control when entering the market. Suggestions are for reference only.
Note
12:00 Bitcoin 30400 to 30700 target 31700 or 31400 SL:30,000
18:00
update: bitcoin 32000 short rebound 32300 short, Target 30,000
Long : bitcoin 30,000 target 30900 to 31200
Order cancelled
18:00update: bitcoin 32000 short rebound 32300 short, Target 30,000
Long : bitcoin 30,000 target 30900 to 31200
Trade active
18:00update: bitcoin 32000 short rebound 32300 short, Target 31,500 ton 30,300
Long : bitcoin 30,000 target 30900 to 31200
Note
Good midnight, first of all, from the 30-minute market trend, Bitcoin prices around the 30-minute Brin belt range of the third line, the top out of the M-top form, in the nearly 24 hours at the price of $32700 to form suppression, the bottom in the price of $30000 to form support, and Brin belt third line began to level, kdj index 70 axis dead fork down, dif index fast and slow line began to adjust near the 0 axis The red release began to reduce, so this is why the head of the coin player was willing to give suggestions on Tuesday night that the layout was empty. As mentioned in the previous article, Bitcoin will not usher in such a crazy surge as Saturday and weekend in a short period of time, so it is only necessary to maintain the layout of high throwing and low suction. In looking at the 4-hour chart, it has never broken through the suppression of the middle track during the day, and has always been running near the middle and lower tracks. If Bitcoin has a chance to fall $29900 at midnight, investor friends can do more in this price layout, because this position is exactly the support of the four-hour Brin belt. And the dif index began to run down the fast and slow line, and the macd green falling energy began to shrink, and the kdj index began to cross near the 59 axis value. Once the gold fork was formed, it was not a problem for Bitcoin to break through $33000. Now the rise and fall is just adjusting and adjusting the repair technical indicators. Therefore, money circle investment friends please be patient to operate, do not chase up and down. Especially in the early hours of the morning Bitcoin market is still very strange.
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