I see many people saying that trend lines are broken and prices will rise, but I don't see trend lines this way, or I don't use them to make trading decisions. I can find many cases like this. For example, before the decline in early July, the price broke through the trend line, but it did not continue to rise and fell rapidly.
So I don't think that a reversal will definitely occur after the trend line is broken.
I think trend lines are used to judge the slope of market trends and the strength of current market trends. If the trend line is broken/changed, it only means that the current market trend is starting to weaken and the other side is gradually getting stronger, but it does not mean that the price will immediately strengthen and reverse.
The trend line itself does not have support and pressure properties, because the way of drawing trend lines is different. For example, some people draw needles and lines, some people draw entities, and some people rely on feelings. Some people use logarithmic coordinates, and some people use conventional coordinates. The conclusions drawn with any slight deviation are very different.
So there is a saying that there are thousands of lines for thousands of people.
The uniformity of trend lines is difficult to define, so the same market and K-line can lead to multiple conclusions, so there is no point in further studying the breakthrough of trend lines.
Follow up on BTC market #BTC The market is rebounding, but it has not completely returned to the range. The small channel is currently at the upper edge. There is still a chance to continue to go down. I will wait for the signal that the price is near the key position.
If it is a positive line going up, I may temporarily give up the idea of shorting. $BTC
This is my fifth year in the cryptocurrency world Watching $BNB rise from single digits to a peak of 700U, a hundredfold increase Also watching Binance rise from the original top three to the world's number one, with a market share of over 50% Also witnessing Binance's growth from tens of millions of users to more than 200 million users Over the years, I have also upgraded from a blown-up warrior to a trader who can make a little money Binance has been with me all the way, and I have also been with Binance to grow together.
Although Binance was not my first exchange, it is the exchange I have used the longest. If a newcomer asks me which exchange is reliable, I will definitely recommend Binance first, so that their first cryptocurrency exchange is Binance!
Once again, I wish Binance a happy birthday, and it will get better and better. 200M is just a new starting point!
Step by step, the strength gradually emerges, the trading volume begins to rise, and the market activity increases. There is a chance to move out of the strong upward trend, and you can continue to pay attention to it in the future.
Go ahead and make a profit! Inherit my position and make a profit boldly! Go ahead and make a profit! With my expectations, go short! Go ahead and make a profit! Towards our dream, look towards 50,000! ——Sanmu "Singing for Profit"
Continue to increase your position to short Bitcoin, repeat the previous false breakthrough and weaken! ? | Coin Circle | Bitcoin Market Analysis | BTC ETH | Sanmu
The short-term bearish trend continues #BTC走势预测 The long-term structure breaks down and reverses, and the potential short-term trend starts The cost is OK, with protection This transaction Either you make no profit or you make a lot of profit It’s not my turn to lose money $BTC
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Bearish
I said BTC will fall to 50,000, some people said I was too pessimistic, but this is my optimistic view. #BTC走势预测
Because I only expect this to be a one-stage decline, without considering the result of the subsequent trend continuation, let me say more, I think the price will fall to around 50,000 and then make adjustments (relay) and continue to fall, forming a continuation of the bearish trend, then 40,000 is not impossible.
You can accept BTC to continue to rise for several days, and you can accept BTC to rise by tens of thousands of U, why can't you accept it to continue to fall, and fall by 20,000 U?
Why are you bearish on Bitcoin? How to operate in the current narrow range fluctuation? | Cryptocurrency Circle | Bitcoin Market Analysis | BTC ETH | Sanmu
Bitcoin has entered into a period of shock again. The trend within the shock is the most difficult to make.
The market trend is still bearish. I will continue to hold the previous short orders. If there is no position, I can only pay attention to the price reaching the suppression level. $BTC
He was selling while turning. #德国政府转移比特币 I seem to understand why it didn't fall during the day. Because of poor liquidity, he was waiting for the US stock market to open and wait for sufficient liquidity before shipping...$BTC
Another 3,500 were transferred...worth $200 million. The 8,700 activated previously, maybe another 5,200 need to be transferred? #德国政府转移比特币
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The German government transferred a total of more than 7,000 BTC to CEX today... Last week, it transferred hundreds a day, and this week, it transferred thousands a day... Currently, there are 32,000 left, and it seems that it can't hold on for a few days...#德国政府转移比特币
The German government transferred a total of more than 7,000 BTC to CEX today... Last week, it transferred hundreds a day, and this week, it transferred thousands a day... Currently, there are 32,000 left, and it seems that it can't hold on for a few days...#德国政府转移比特币
On Saturday, Wall Street was closed, the government unit MtGox was not working, the market bulls began to launch sneak attacks, and many copycat stocks began to counterattack upwards!