#PEOPLE #BTC☀ BTC is currently at 66450, which is not much room from the 68000 I gave in early September. This round of rebound has no technical skills at all, it is completely a daily level shock, and even a fool can operate it. If you can't make money, you shouldn't do it. Or if you go short in this round of small rise, it's a bit confusing and worth reflecting on. It's too obvious and simple. Take advantage of Saturday when the children are doing homework to review it.
On September 21, just a week ago, when it was fluctuating around 61,000, it was very obvious before it hit 65,000. Below is the picture I drew. Is the trend exactly the same? It was a completely standard 5-wave rise, but the 4th wave was one day shorter than I calculated. According to my prediction, it should have stepped back to 61,500 and then rushed higher. It did not step back too deeply. But this does not affect the general trend. Many people went short at the 4th wave, that is, at 65,000, and the result can be imagined. Especially novices, they like to guess the top and bottom. I was like this before. After being taught countless lessons by the market, I chose to trade on the right side. Generally, when others say where the top is or where the bottom is, I just smile. This scene has happened to me too many times. It has happened to you who are reading this article too many times.
There are many more analysts who just want to predict the highs and lows to attract attention. You think you are Li Biao of the Chaos Theory, but others are real traders, not just talking nonsense. And analysts with a lot of fans, it is actually difficult to make money, to be honest. Because I also followed the teachers many years ago. I know where the difficulty is.
Now let’s take a look at the current situation regarding the next attack on 68,000.
First, from the trend of BTC in the past six months, we can obviously find that the rise in the past half month is different from the previous ones. What is the difference? The structure has changed. As you can see with your naked eyes, the previous rises were all rapid and irregular, followed by a shock and a rapid fall. This round of rise is a wave-like rise, which is more terrifying. It is very solid. In fact, whether 68,000 can withstand it is still a question.
Second, if the impact of 68,000 points this time is the sixth attempt to break through, generally speaking, the fifth impact of a certain range of shocks, and the impact after the fifth time, may break through, so after 68,000 is the historical high point, it must be the historical high point, everyone believes it.
Third. Fundamentally, the international situation is complicated, and the military and economy have experienced cyclical outbreaks. Spot gold has set new highs. Those who have studied economics know that gold has dual attributes, one is currency attribute, and the other is safe haven function. A few years ago, I did historical statistics on gold and Bitcoin. Their overlap is very high. Although gold is leading the trend this time, and will continue to rise, it will lead to the strengthening of market risk aversion. Please see the trend of gold in the figure below. #美国二季度核心PCE符合预期 #HMSTR开盘 #
From the spot gold and BTC chart above, we can see that the trend of gold is an upward wedge, while BTC is an upward wedge. The difference is that gold broke through for the sixth time. How will BTC go up this time? We will wait and see.
In summary:
I personally maintain a neutral attitude. As a person on the right side, I will never go short before my indicator confirms a decline in the four-hour chart. I will not say that 68,000 is definitely the end point of this round of rise.
So friends like me who hold BTC spot, don’t sell it easily!
I am not very knowledgeable, please give me more advice!
Professional trader, does not know marketing, cannot attract fans, needs fans, can open other functions, in order to feedback analysis, I will leave contact information after 16 days. Free 24-hour monitoring of all BN currency robots, screening the strongest leading currency, and cooperate with detailed buying. Selling methods, video explanations, etc. as auxiliary. No selling courses, no fees, I am a leek, I will not cut brothers.
Thank you for your likes and attention! 😘btc
