The market is filled with fear. The joke goes that people are so worried about the employment of an old man far away on the other side of the ocean.
But when I looked at the K-line, the market is going to rise sharply!
This is a trend line chart of Bitcoin. The four low points correspond to 8.5 days, 9.5 days, 10.10 days, and 11.5 days. The corresponding oversold indicators also show that the market is oversold. And in the corresponding period, the market is full of fear and uncertainty about the future. But the fact is that after each fear, Bitcoin continues to rise!
Next, let’s look at Ethereum:
Although Ether is in a sideways consolidation, it also maintains the same frequency. I am not sure whether Ether can start a trend rise in this rise, but it is certain that the rise will start at this time!
From a strict point of view, the weekly trend of Ethereum is not very optimistic. A short-term rise is more likely, but the correction after the rise needs to be paid attention to in time.
The same situation exists in the weekly chart of Bitcoin and most currencies. Next, we need to pay attention to whether the weekly trend has reached the bottom, so that a bigger rise will come!
Next, the market will burst out, and hot concepts will continue. When the market heats up, the demons will dance wildly, and you may be caught off guard by the rise!
At the end of 2017, a group of 100x coins appeared. At the end of 2020 and 203, 10x coins appeared frequently. The opportunities for encryption are about to unfold!
(This is just a sharing of opinions, not investment advice)
