Academician of currency circle: Bitcoin flag pattern appears on September 26, can the support point of 62800 stabilize the market? The latest operation suggestions are for reference
I said on the 22nd that the rising flag pattern of Bitcoin will appear in this pattern with a high probability when consolidating at a high level. Now it has basically taken shape. You can see how much space there is in the middle by comparing it with the four-hour trend of the market. Yesterday, it was also at the high point of the flag pattern of 64700 and the short target was 63000, which is 1700 points. Although it is currently more than 62800, it does not hinder the space, because the current price of Bitcoin has reached 63600, and there is also 800 points of space. Continue to hold and look at the market
Now it is 2 pm Beijing time, the current price of Bitcoin is 63600 and it is likely to move back to yesterday's high point. The EMA trend indicator shrinks upward, and EMA The 15-hour fast line is still stretching and has reached 62,000. The fast and slow indicators are also shrinking and moving upward. MACD has diverged from the DIF and DEA and started to move out of the energy indicator. The large-scale trend has a high-level top divergence, and the up and down fluctuations will become larger. In addition, the upper track of the Bollinger Band has broken 66,400. The KDJ divergence spreads downward and the K line stretches in the opposite direction. The overall trend is bullish.
The four-hour K line broke the EMA60 at 63,300 and then stretched in the opposite direction to break the EMA15 fast line indicator at 63,550. The MACD top divergence shrinks and increases. DIF and DEA are close to the 0 axis. The K line retreats to the lower track of the Bollinger Band at 62,800 and then stretches to break the middle rule at 63,600. KDJ begins to shrink upward, indicating that the 62,800 support is effective and long orders can continue to be held. Will the fourth time break the previous high after the three previous peaks? Wait and see, the thinking is mainly long for the time being, and consider shorting after the upper support is effective
Short-term thinking reference: The market is not 100%, so you must bring a stop loss, safety first, small losses and big profits are the goal
64800 to 65100 above, short, defense 66200 to 66500 to cover short, target 64000 to 63500, break to see 63000, stop loss 500 points
62800 to 63200 below, long, target 64000 to 64500, break to see 65000 to 65500, stop loss 500 points
Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is at your own risk
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