Last week's market was quite good, with Bitcoin rebounding by over 6 points, while other counterfeit currencies rebounded more.This has caused many retail investors to become restless and start shouting 'bulls'
Last week's market was quite good, with Bitcoin rebounding by over 6 points, while other counterfeit currencies rebounded more.
This has caused many retail investors to become restless and start shouting 'bulls'.
If the market rises a little, it will be bullish. If it falls a little, it will break the new low of $15487. It looks like I amBe in a state of fear and trembling
If we use the rise and fall to determine the bull and bear, and judge the trend, there is only one final result of trading in this way:Leave the scene in disgrace.
At present, there are squares on every exchange and Aicoin, including the microblog official account, etc., and people are talking about the market every minute. There are five minutes, 15 minutes, 30 minutes, and one hour, etc.
Various news is flying all over the world, and many retail investors follow this information to make contracts at all levels, without their own subjective consciousness or knowing what level they should do.
And today with the same person, tomorrow with the same person, but when others are right, they never keep up, and when they are wrong, they keep up time and time again.
This is using one's own funds to verify someone else's technology.
Determine a level, confirm a person, fix funds each time, follow the operation ten times, then see the winning rate, and decide whether to continue following, so that there may still be a little chance.
Following someone for a long time may also lead to learning some of their trading essence.
Just like a monkey breaking corn, following it once, continuing to follow if it's right, and changing people if it's wrong. This only keeps paying tuition fees and cannot learn knowledge at all. It won't help improve technology at all.
Yesterday Monday, Bitcoin closed weekly, and I will continue to see if the trend has not changed.
Bitcoin has rebounded after stopping its decline at $25000 and is currently operating in a volatile zone.
Last week, it began to rebound and the high and low points gradually moved upwards, forming an upward trend. Currently, there are no signs of a reversal.
But it also arrived near the first pressure level, above which was the high oscillation range of the entire wave of calves, with a lot of pressure.
Above the second pressure level above is the pressure level formed by the entire upward bull market, which is even greater and requires our close attention.
Last week, there was a mid to long term positive line, but it did not increase in volume or break through the first pressure level, so the rebound will not be too strong,The probability of further oscillation is relatively high.
The market trend in October will be more clearly divided into two levels, with some currencies rising and others falling.
The above analysis only represents personal opinions and does not represent any investment suggestions.
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