[Market Analysis - April 20]
Let's take a look at the Ahr999 indicator today
The current indicator value is 1.2, and the lowest in the past two days was 1.12.
The indicator value is lower than the fixed investment line of 1.2, which means that Bitcoin is suitable for fixed investment purchases
Looking back at the performance of indicators in previous bull markets, in the bull market correction, the number of times the indicator fell below the fixed investment line was very small, and the number of times it fell below the fixed investment line in the early stage of the bull market was 0
From this, it can be considered that the correction of Bitcoin to around 6w in recent days is already a relatively deep correction. Even if it can be adjusted downward, the space is not large.
So since the 14th, my analysis and operation plan have not changed, and Bitcoin has basically been moving according to my expectations in these seven days.
To summarize:
Analytically, as shown in Figure 2, this is an old chart that has been posted several times. The best case scenario is that the price will fluctuate between 60,000 and 65,000 before resuming its rise. If it falls below the support, the lower limit is to fall below 59,000 and then fall by about 10%.
In terms of operation, 1/3 of the funds are invested in the support area of 59,000 to 61,000. The remaining funds should either be filled up after the right signal of the end of the adjustment appears, or filled up below in case of a fall below the support. You can attack or defend. These are all clear. In the past few days, the price of the big cake has also given 3 opportunities to enter the market near 6w.
