Bitcoin daily line fell below the oscillating trend, and it is currently in a downward trend. From the current market, there is no obvious signal of stopping the decline and reversing.
In the downward trend, we need to find the support position. If the stop-loss signal appears at the key support position, then this round of decline and correction is in place. In the process of decline, the short-selling volume is gradually shrinking, the K-line entity column is gradually shrinking, and the lower shadow is long. These are all clues of the weakening of the short-selling force.
The large level restricts the small level, and the small level will evolve into the large level. Let's take a look at the four-hour trend: after a full decline, a hammer line with large volume appeared, the market stopped falling, and the subsequent inertia fell, and the price did not break the new low, indicating that the support position below is relatively strong. Then the inverted hammer line appeared, and the bullish engulfing pattern appeared later, which also verified the effectiveness of the inverted hammer line.
The last four hours formed a pregnant line pattern with the previous positive line. The market will fluctuate at this position. Judging from the current clues on the market, whether it is a downward relay or a reversal, we need to pay close attention to the next market trend. Only a small-level reversal, 👗➕薇:1983211157 restores a healthy upward trend, then the subsequent trend will evolve into a daily-level upward trend.
The market analysis and judgment should be objective, empty, rational, and without personal emotions. Instead of judging whether the subsequent rise or fall is based on the price rise and fall, the rise and fall will be shown on the K-line of the market, as long as we can understand the market.
And this is what we can never get around when trading in the currency circle. We all know that we don’t understand foreign languages and have no way to communicate with others. If we are in the currency circle and can’t even understand the most basic market, can we really get the results we want by feeling or imagination, even if it is a trend?
We all understand the truth. We are adults. Is it really difficult to do and change? It is necessary to use an unbearable price to exchange for the final awakening. In the financial market, I am afraid that not everyone can bear it. When trading in the currency circle, cherish it while you go. It is best not to think about how much you can earn first, but to think about how you can do it so as not to lose money.
