In the morning, we gave you evidence of the future market direction from the possible impact of the MT Gox incident and the sentiment of the macro market.
Don't say anything to Farsighted here, or wait and see. Since the 8th, Farsight, as the leader of the long army, has seen too many strong-mouthed kings, all of whom have paid a painful price for their stubbornness. On the other hand, friends who follow, without saying too much, at least after a round of trend, it should be easy to have multiple zeros in the balance.
Maybe the most concerned issue for everyone now is where the price will rise and where to buy it. So Farsight is here to share his views with you.
First of all, in terms of trend, the stabilization of the big cake above 6.5w is the basis for the future market increase. At present, the big cake has broken through 6.6w, and the daily level MA30/60/120 has been penetrated. It can be foreseen that the structure has been formed, so we only need to consider the target.
First of all, the first target of this round of increase must be below the 7.0w resistance, that is, the 6.9-7.0 range, which is also the dense area of the previous round of thick codes. After diluting this round of selling pressure and breaking through, we can go to 7.2w or even the previous high of 7.38w.
In terms of entry points, we still give priority to the retracement points on the short🧵, which is initially estimated to be around the 15min level ma60. As the basis for the upward movement of the short🧵, it is the safest to take more at this position without affecting the structure. Specifically, we can enter around 3460-3430 around 6.51-6.46w of the big cake.
