12-27
BTC moving averages are once again converging, preparing for an explosion.
As shown in the figure: the lifeline is gathering again. The last occurrence was on October 14.
Trend Spirit Data
Up 6000 points, rising to over 100,000 points.
On September 19, a slight increase.
A signal will be sent on January 19, 2024, from 42,000 points, rising to 73,000 points.
On November 1, 2023, a signal will be sent, starting from 34,000 points.
Before that, there was a signal for a large fluctuation in the 20,000-point range.
However, this time it belongs to the downward divergence of the moving averages.
This is the first time in this round of rising market that after the moving averages converge, the price breaks below the lifeline and diverges downwards. There are only two options:
1. Bearish acceleration, but from the trading volume perspective, the decline in recent days is clearly a shrinking decline. The trading volume momentum is not very strong. If calculated according to wave theory, the low point C of this decline will be at 85,283. I have also placed many long contracts in the range of 86,000 points.
Altcoins: Avalanche!
2. Bullish counterattack, which is reasonable. Because it is a bullish market. Next, it will enter a long period of fluctuation. Around 93,000-98,000 points, fluctuating in a range, waiting for the moving averages to repair, and then continue to supply. The time will be very long.
Altcoins: Occasionally there will be a pump, but no strong and powerful coins will emerge.
In summary: Recent trading will be relatively difficult, shorting doesn’t have good prices, which will inevitably lead to losses. Going long is purely left-side guessing the bottom. Many people will place long orders around 92,300, causing price fluctuations. Less trading and more observation is the only choice, especially in contracts, try not to touch them recently. Holding spot and lying flat is the best choice.
