Today is Monday, let's take a look at the weekly trend of Bitcoin.The weekly trend of Bitcoin is currently rising due to the inertia formed during the early sprint stage
Today is Monday, let's take a look at the weekly trend of Bitcoin.
The weekly trend of Bitcoin is currently rising due to the inertia formed during the early sprint stage. Whether it will be in a high volatility stage at present has revealed some clues on the market.
For the tracking of market trends, readers who have been following me should be very clear, or some people with a certain foundation in trading technology can also understand. The market analysis and tracking on Mondays and Thursdays have been fully validated for a considerable period of time.
When summarizing, we need to have a supportive and effective basis for detection, rather than simply believing that breaking through the pressure level will definitely lead to an increase, and falling below the support level will definitely lead to a decrease.
The actual significance of price prediction and time based on perception is not significant. There are many people in the market who trade and enjoy hanging orders, but the logic behind it is actually very simple, that is, they lack confidence in the market trend.
If you have enough confidence, why choose to trade on order instead of market price? Why do you pursue buying at the lowest point and selling at the highest point?
For a long time, the habitual thinking of hanging orders for trading is likely to lead to short selling or being trapped.
Next, let's take a closer look at the daily trend:
The daily trend of Bitcoin is currently experiencing a period of volatility after a significant sprint, and is likely to evolve into a high volatility in the future, as follows:
After a full wave of rise, there was a peak deviation in quantity and price;
There is a special signal during the high-speed sprint stage, that is, Shangying Changyang;
Although the price has broken through the previous high point, there has been a contraction and increase in volume compared to the bulls, indicating that important pressure has been encountered above. This pressure range is a dense trading area formed in the previous bull market, with some holding stocks;
The form of the K line in the past two days has been the "upper suspension line", and the effectiveness of the upper suspension line needs to be verified by subsequent K lines.
Based on the above analysis, overall, the probability of a daily decline increasing is greater than the probability of an increase.
The movements of financial markets often exhibit certain patterns, and phenomena that have occurred in the past will also occur now and continue to occur in the future.
The essence of the financial market is to hide human nature, and behind it lies some laws, such as greed, hatred, ignorance, and slowness of perception. In many coin circles, the reason for the decline is that people generally make similar mistakes, while those who can maintain stable growth only make very few mistakes.
It is very important for us to recognize the foundation of the market, so that we can avoid the trap of greed, anger, ignorance, and doubt. To abandon the small actions of photo opportunities, reduce uncertainty, and leave behind the most likely successful choices. Only in this way can we continue to survive and live better in the coin circle.
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