peter-l

peter-l

In bitcoin trading, many chart forms are applied, such as double bottom, double top, head and shoulder bottom, triangle, etc. The most important one belongs to triangle sorting. I think a lot of people remember last November's crash. At that time, bitcoin was in a large convergence triangle, which failed to break upward several times and was well supported in...

peter-l

We have made a judgment on eos before, which formed a deviation from the bottom of daily line level after 5 waves fell, and we saw a deviation from the bottom synchronously in 4 and 6 hours yesterday. Although we saw that the trend of bitcoin was not clear, the mainstream currency showed a significantly stronger performance than bitcoin due to the over-fall of...

peter-l

We see that the current operation of bitcoin is supported by the one in the figure. Here is the upward trend line, which is also the first line of defense for bulls as we mentioned a few days ago. However, whether the bottom can be completed here is unknown Bulls: trendline support, long-term average support Bears: ma6 down, macd trend bears Bm has a position...

peter-l

Eos in fact always small amplitude, at the end of the year fell to creepy-crawlies panic, behind the rise is very surprising, however, he is resolute, adjustment since peaking in June, this time go standard abdce5 waves of adjustment, if looked from the wave type, the current in go down, the last of the wave, I judge target in 3.1 or so, if you can go to where,...

peter-l

I've often said that analysis and prediction, which is a judgment of the future based on historical data and using the law of probability, is not really a guide to trading. But a lot of people like to predict, like to guess the bottom, began to fall, first try to find some support, and then wait for the currency price, excited, busy admission, do not want to be...

peter-l

We see that the damage from the two hour deviation is still very clear. Compare the current trend with previous adjustments So after breaking the ma18, macd is also facing a dead fork, short term to see the bears, then how to deal with it? First of all, we can see that there is a big triangle shape here, so the bottom of the triangle is the target position...

peter-l

When bitcoin has entered a critical mass, the air is filled with the smell of smoke, and even the accidental shooting of a gun may trigger a multi-air war. Ok's bitcoin quarterly contract currently holds 606 million positions, which has been continuously increased in the past four days. However, what we have seen is the price fluctuation, which indicates that the...

peter-l

We see from the end of June after peak, there are two big level adjustment, I did it in the previous description, compare the former two to form the features of the head. The following conclusions are drawn In common I chose the 2-hour chart as a reference, and we saw that the first chart was on July 10, and the second chart was on July 21. In both cases,...

peter-l

On August 3, we analyzed the trend of bitcoin, gave a judgment of 5 waves at that time, and analyzed the target of the previous 2 times, also suggested that the target this time is the trend line, 12,000-12,200 usd. Now it seems that the rebound target has been achieved, and the following trend will face divergence. Although the daily line out of the long market,...

peter-l

We saw bitcoin continue to strengthen after breaking through ma18. Judging from the June high of $13,900, the correction of the past 32 days is likely to run in a large wave of four, while the current correction is likely to be for five waves since the $3,200, which tend to move more quickly and with the possibility of failure. We compare three rallies in...

peter-l

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...

peter-l

On July 18, 2018, I made my first contribution to the golden plate of golden finance. Before I knew it, digital currency was bitcoin, a synonym for a ponzi scheme. From then on, I began to gradually understand the market and analyze the logic behind it through charts. Gradually, I felt I could fit into the market and even get closer to it. The reason why I use...

peter-l

In the past few trading days, there has been some space for bitcoin to rebound, but the balance is a bit grim now, because we have been watching the pressure from ma18 is increasing, and the original support of ma72 is accelerating upward. In a gradually converging pattern, the market faces a choice. If we look at the down cycle, the correction should come to an...

peter-l

Yesterday we gave the shape of the head and shoulders bottom, and prompt $11100 if the effective breakthrough, would be better, but we see in 2 hour period, the position and no effective breakthrough (I also suggests the didn't choose left shoulder neck line 10700, the line is to prevent cheating, but still want to cheat line we see the final main technique, false...

peter-l

We are looking at crude oil futures , now from the monthly chart, is in a medium - to long-term down channel , two relatively clear support and pressure levels are $77, 33 Because current data suggest the us will dominate the oil market for the next five years. Given the cost reduction of shale gas and the secondary development of oil and gas fields in Texas, it...

peter-l

After 20 days of declines, the market's risks have been initially released and the bulls are regrouping to prepare for a counterattack. In the 2-hour chart, we captured the shape of the bottom of the head and shoulder. Although the right shoulder is still being repaired, we can feel the thoughts of bulls. First of all, let's look at the 2-hour level, which is...

peter-l

Yesterday, I explained the trend of bitcoin with the method of drawing lines with double tops, and predicted the trend. However, the prediction does not represent strategy, our trading is completed by strategy, and the prediction is an effective reference. I have emphasized this many times in this article. Today we analyze the current trend from another Angle....

peter-l

While we tend to be on the right side of the trade, the prediction on the left also helps us anticipate trends and avoid unprepared battles. Let's take a look at the XBT, because it's coming out of a two-headed pattern, and we've gone through the two-headed adjustment criteria, even with a 1:1 head to neck drop of $3,270, the target should be $6,380. However,...