If the bottom is not reached, I will pee upside down.
I have been too busy these two days and have not had time to write a bragging analysis. Seeing the crypto market represented by BTC wailing, and various jokes starting to appear on various social media, I feel that if the bottom is not reached, I will really pee upside down.
Since it fell below the 120-day moving average again on June 18, I felt that the market trend was not normal. Then it fell below the 180-day moving average again on June 24. I thought it should have bottomed out. After all, the half-year line is a key indicator point that everyone follows. However, it began to fall again after a few days of rebound.
At that time, one of my mental journeys was that I still believed that this was still a bull market, and my position was very firm. I just didn't know which position was the bottom.
It was not until July 4 that BTC's single-day decline reached 6%, and BTC also fell below the position on May 1, and various copycats fell even more miserably. There were signs of a big bear in the bull market. I dared to bet and thought it was going to bottom out. . . .
The rebound is not the bottom, and the bottom does not rebound until the players are tortured crazy. . . . A month ago, I saw an analysis article saying that Wall Street or some institution opened a lot of BTC short orders to hedge. The comments below were all that Wall Street had to see the violent pull of the currency circle and pull them out. The result is obvious. The strength of the currency circle's little Karami is still far from the vision and strength of the Wall Street financial giants.
Looking back at this round of 71999-53485 market, it is no longer an adjustment but a sharp drop. What is the reason?
My previous guess was that it was to deleverage and lay a good foundation for the subsequent pull. I feel that it is only partially correct. . . From BTC falling below 120 days, falling to 180 days, rebounding and then falling again, and then falling below the low before 5.1, all technical indicators have failed. He is going to kill them all.
Winter has come and gone, and spring is coming.
Still not all-in?
