[09/13] Beast Trading _ Today's Bitcoin Analysis
Bitcoin has been on a steady rise in recent days and has already risen to 22k.
Although most of the auxiliary indicators indicate a decline, it seems that the characteristics of the upward trend are shown in terms of continuing the rise and rising without any adjustment, the shape and angle of the rise.
I compared it to last year's chart because it felt similar to when it renewed its low point and fell near the low point and then rose.
[Bitcoin movement in June last year]
1. Renew low point
2. Rise for a momentarily
3. Lowering near the low without renewing the low
4. Strong rise without adjustment
5. Falling from the reporting point, briefly falling due to resistance
6. Since then, it has surpassed the downward trend and has risen strongly
[The current movement of Bitcoin]
1. Renew low point
2. Rise for a momentarily
3. Lowering near the low without renewing the low
4. Strong rise without adjustment (appearing)
5. ?
I analyzed it from the perspective of Fractal.
I don't think there's a possibility of the current movement, so if you keep these scenarios in mind, it will be more helpful for risk management.
Finally, the cpi announcement is scheduled today.
It is expected that the fluctuation will be very strong during the cpi announcement, and whether it is up or down, the direction will be very big.
I hope you all manage your risks well and have a great fight today!
Although most of the auxiliary indicators indicate a decline, it seems that the characteristics of the upward trend are shown in terms of continuing the rise and rising without any adjustment, the shape and angle of the rise.
I compared it to last year's chart because it felt similar to when it renewed its low point and fell near the low point and then rose.
[Bitcoin movement in June last year]
1. Renew low point
2. Rise for a momentarily
3. Lowering near the low without renewing the low
4. Strong rise without adjustment
5. Falling from the reporting point, briefly falling due to resistance
6. Since then, it has surpassed the downward trend and has risen strongly
[The current movement of Bitcoin]
1. Renew low point
2. Rise for a momentarily
3. Lowering near the low without renewing the low
4. Strong rise without adjustment (appearing)
5. ?
I analyzed it from the perspective of Fractal.
I don't think there's a possibility of the current movement, so if you keep these scenarios in mind, it will be more helpful for risk management.
Finally, the cpi announcement is scheduled today.
It is expected that the fluctuation will be very strong during the cpi announcement, and whether it is up or down, the direction will be very big.
I hope you all manage your risks well and have a great fight today!
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