Let's talk about the weekly trend of Bitcoin
At present, the weekly line is upward, and the weekly trend is currently strong. In fact, judging from the weekly trend, the market should break through the new high, but I always don't like to predict. I like to look at indicators and the K-line pattern of the big cake more often. If I predict, I predict what kind of pattern the indicator will take, rather than the price. So for my new high, everyone should look at it rationally. When the pattern is in place, I will choose to reduce positions and ship out. The point prediction is not of reference significance.
If the top of the weekly line appears, you can basically leave. You don't need to look at it for two or three months after clearing the position.
Figure 1
Cloud Chart Daily Line
The daily line is currently a cycle that I am more worried about, because the trend is downward. Although I predict that it will go to the second top, if the second top is removed and it goes directly downward, it is relatively reasonable.
Figure 2
In short, the pressure at this position is relatively strong. It is normal for the market to fluctuate up and down here. When the big cake moves out of the oscillation range, it can basically be determined that the market will rise sharply. At present, it is still conservative.
Finally, if you want to make money in the market, you need to constantly improve your cognition and trading ability. No matter who you follow, you can not make money. Maybe you have heard that someone in the market makes money freely, but you probably haven't heard of anyone in the market making money freely by following someone else.
At present, the weekly line is upward, and the weekly trend is currently strong. In fact, judging from the weekly trend, the market should break through the new high, but I always don't like to predict. I like to look at indicators and the K-line pattern of the big cake more often. If I predict, I predict what kind of pattern the indicator will take, rather than the price. So for my new high, everyone should look at it rationally. When the pattern is in place, I will choose to reduce positions and ship out. The point prediction is not of reference significance.
If the top of the weekly line appears, you can basically leave. You don't need to look at it for two or three months after clearing the position.
Figure 1
Cloud Chart Daily Line
The daily line is currently a cycle that I am more worried about, because the trend is downward. Although I predict that it will go to the second top, if the second top is removed and it goes directly downward, it is relatively reasonable.
Figure 2
In short, the pressure at this position is relatively strong. It is normal for the market to fluctuate up and down here. When the big cake moves out of the oscillation range, it can basically be determined that the market will rise sharply. At present, it is still conservative.
Finally, if you want to make money in the market, you need to constantly improve your cognition and trading ability. No matter who you follow, you can not make money. Maybe you have heard that someone in the market makes money freely, but you probably haven't heard of anyone in the market making money freely by following someone else.