The general direction has been reminding me of the end of the bear market since Bitcoin fell to $15487 on November 23 last year. Until now, in the past six months, the weekly market analysis has not changed my view on the trend and has been reminding me that the trend has been ongoing
The general direction has been reminding me of the end of the bear market since Bitcoin fell to $15487 on November 23 last year. Until now, in the past six months, the weekly market analysis has not changed my view on the trend and has been reminding me that the trend has been ongoing.
The recent market trend has caused the vast majority of people in the market to panic. The voices I hear are all about to plummet, and I have been emphasizing in my articles for the past two weeks,It's too early to say that the trend is over now.
When the Hammer Line appeared on the daily line a few days ago, I had an analysis with everyone. The range formed by the two support levels of $25200- $26500 is important support, and the appearance of the 'Hammer Line' in the important support range is a stop down signal,
This morning at 8 o'clock, I received a long down shadow line, which once again hit the support below. The energy of this line is measured, indicating that the support below is effective, and the measurement indicates that the bulls are starting to exert force.
So based on the above clues, from the current short-term market perspective, it may disappoint those who are still watching the sharp decline.
Combined with Monday's market analysis of the weekly line, the weekly line indicates that the decline is weak, and the daily line analyzed now shows a stop down signal. I can only think that those who are still waiting for the recent market to plummet are imagining the market.
For example, a few months ago, I reminded Bitcoin that the bear market had bottomed out and was about to start rising. Before the rise, many people thought it was still a bear market, but now? Stepping in the air, missing out, and then buying counterfeit coins recklessly, resulting in a disastrous loss.
But do these represent the end of the current trend? No, it can only be said that there is a lack of awareness, and even when trends come, they cannot make money. However, these people are obsessed with confidence and believe that if you lose money, you will have experience and will not lose again. In fact, various pitfalls in the financial market are waiting for you to jump.
People who used to say that when a bull market came, they could easily make money, but I don't know what's happening now. Bitcoin has risen from 15000 to 30000, and if you can't understand this trend, it's always a hindsight. It's even more difficult to catch a bull market because the truth is the same. It's all about laying out high-quality value potential currencies based on the development of blockchain, and having the ability to identify bottoms and judge bottoms, Then, one must have the ability to identify the end of a bull market and cash out at the top to obtain returns.
The future bull trend is very important for everyone, as it is an opportunity to change a person's fate. Last year's big bear market downturn has passed, and the future bull period will be better year by year. However, if you are always confused about trading, and the currency you invest in does not understand what is valuable, nor can you understand the trend or identify the market, how can you seize this future trend? Welcome to follow!
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