Recently, $BTC has been fluctuating at high levels, so how long will this fluctuation last? My personal view is that the #BTC fluctuation cycle lasts about half a year. According to the 'Wave Theory', if the large wave 4 exists, then its duration will be similar to that of the large wave 2; The previous article mentioned large wave 2, and from the timeline, the duration of large wave 2 is half a year; Large wave 4 ≈ Large wave 2 ≈ half a year
BTC starts to correct, how are those netizens who criticized me a few days ago?
An article on technical analysis I wrote a few days ago (Will BTC drop to 75,000?) Some netizens have been complaining, and I haven't seen them speak these past couple of days. I wonder if they've been liquidated? 🤣 Is anyone still alive willing to speak up? When trading, it's important to be more rational and less emotional. Wishing you good luck #BTC #吐槽
Wrote an article yesterday (Will BTC drop to 75000?), and then there was some cursing. Is it not normal to express different opinions? Opening your mouth to curse, truly high morals~ As for those who curse, 1. Did not carefully read the article's content, it only provides future trend estimates derived from technical analysis, it did not say that a top pattern has appeared, and that shorting can be done now, etc.; 2. There’s nothing in the stomach, unlearned and unskilled, opening one’s mouth to talk about 'technical theory' is useless, that 'technical theory' is useless... I want to complain 'Dear, what do you use as a reference for trading coins? News? Data? Technology? Emotions?'
Recently, BTC has risen to the estimated price range, so the question is whether it will continue to rise in one go or take a break and fall back?
My personal view is a break - a fall back. Referring to the previous article (Can BTC rise to 100,000?), the wave data of 123 mentioned indicates that the major third wave is complete, and the major fourth wave is about to begin; Based on the previous retracement of the major second wave, the normal decline is 19,000 points, with an extreme of 25,000 points; Therefore, the major fourth wave will decline to a normal 104,000 - 19,000 = 85,000, with an extreme of 104,000 - 25,000 = 79,000;
And the first support price is around 87,000, and the second support price is around 75,000;
Now the bull market may have been carried out for 1/3, #BTC☀ funds have flowed out, and it has entered the cottage season. At this time, it is often too late to change positions~ Pay attention to market sentiment, and try to catch new sectors when they come out.
The US election is currently in full swing. If Trump loses the election, what will be the reaction? Will the market fall or rise?
first If Trump loses the election, it will be bad news for BTC, which means it will fall. Trump's current and previous remarks and statements: ①Have a very friendly attitude towards BTC; ② The team that supports him, most of them hold and are optimistic about BTC; ③ It is recommended that the United States establish a dedicated BTC strategic reserve agency in the future;
The financial market always moves in anticipation, that is, when the market has good or bad expectations about an event before it is confirmed, the market price will fluctuate in advance;
A few days ago, a netizen sent a private message asking, "Can BTC rise to 100,000?" This article will discuss this issue. My personal opinion: BTC can rise to 100,000.
I won’t talk about the fundamentals here. Friends who want to see fundamental analysis can look through the previous articles. From a technical point of view. BTC from 25,000 to 45,000 is small wave 1; BTC from 45,000 to 39,000 is a small wave 2; BTC from 39,000 to 73,000 is a small wave 3; Small waves 1, 2, and 3 form big wave 1, with an increase of 73,000-25,000=48,000; Currently, from 73,000 to 55,000, it is the big 2nd wave; Then from the perspective of wave theory, there will definitely be a big wave 3, and the increase of big wave 3 will be almost the same as that of big wave 1, that is, an increase of 48,000 points.
BTC cannot fall below the shutdown price of 32,000?
BTC belongs to POW. Through dedicated mining machines, powered on and running, you can get BTC rewards by paying computing power. Therefore, BTC has a cost, which is commonly known as the “shutdown price”. Shutdown price = (unit electricity cost/H in the area where the mining machine is located multiplied by 24 hours) divided by the number of BTC obtained in 24 hours
at present The “shutdown price” in low-electricity areas is around 32,000; The "shutdown price" in areas with high electricity prices is around 55,000.
Some people think that because of the existence of the “shutdown price”, BTC will not fall below this price; This is an illusion. In the past, BTC has fallen below the shutdown price.
I was wondering why I didn’t see any long orders that should have been made after the BTC divergence at night. It turns out that there was no transaction and the orders were automatically cancelled🙃
After BTC rose to 73,000, it fluctuated sideways for half a year and is currently fluctuating around 60,000. So can BTC fall back to the 40000s? I think the probability of falling to the 4-digit range again is not small, but the probability of falling to 40,000 will be relatively small. The effective support prices below BTC are 49,000 and 41,000 respectively. It has reached around 49,000 in early August and is currently preparing for a second bottom.
When prices fluctuate, we not only need to predict future trends and ranges, but also formulate our strategies based on the predictions on how to achieve the desired returns. If it falls to the 40s, I think that would be a good opportunity to enter the market;
BTC has risen from a low of around 15,000 to around 73,000, and then has been fluctuating sideways for about 6 months. So is it still possible to buy at this high price? Personally, I think it is definitely possible. First of all, you need to know that the relationship between BTC and the US dollar is an inverse correlation, that is, when the US dollar appreciates, BTC falls; when the US dollar depreciates, BTC rises. Data review: In April 2021, the US dollar index fell to a low of around 89 and started to rise; BTC rose to a high of around 60,000 and started to fall. In October 2022, the US dollar index rose to a peak of around 113 and started to fall; BTC fell to a low of around 19,000 and started to rise.
The U.S. dollar index has fallen in the fifth wave. Which direction will BTC move in the next few months?
The U.S. dollar index has continued to fall recently, and has formed a small five-wave decline at the daily level, with prices hitting near the monthly price support of the past two years.
Judging from the monthly line indicators, the bullish momentum of the US dollar index is still there, so this support is likely to be effective; Judging from the daily indicators, the US dollar index will go up for a while and then fall again;
Linked to BTC: The US dollar index rose, BTC fell; The US dollar index fell, BTC rose; Currently, the U.S. dollar index and BTC weekly indicators are inversely correlated, which is very consistent.
Therefore, I personally believe that BTC will most likely fall along with the rebound of the US dollar index. When the US dollar index falls again and breaks the monthly support level,
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