Yesterday, the cryptocurrency market followed the U.S. stock market in a correction trend, but #BTC #BNB

It is not as bad as the US stock market. Because a friend left a comment in the previous #gal post, I will talk about GAL again today.

By observing the graph, we find that:

1. The white trend line, the current market has not broken through. In other words, it is understood that the white downward trend has not ended.

2. The red downward trend line was broken a few days ago, but it did not fall below the previous low yellow line.

Therefore, we conclude as follows:

1. After rising from the lowest point of 0.85 to the high point of 1.4, the current callback of 0.5 to 1.128 has been effective for the second test so far. Therefore, I drew a rectangular interval to observe whether the subsequent market will break upward or downward. If the rectangle is broken upward in the next few days, it will naturally break through the white downward trend line.

2. Assuming this is the end of wave 2 and the beginning of wave 3, wave 3 must first break through the previous high of 1.4, and then reach the 1.7 position (the 1:1 position of wave 1). When it reaches this position, it will stand on the MA200-day moving average. At that time, we need to see whether the moving average presents a bullish arrangement.

My personal opinion:

0.85 is the recent low point, and the upward rebound position is 1.62/1.85/2.08. Look at these positions step by step

There are many resonance points for these questions about the positions. If you like to do it yourself, you can draw it on my picture and see if your mentality will be much better after drawing it. 😘

What needs to be said is that the characteristic of cottage trading is large fluctuations, which requires a good mental quality. Only by enduring large fluctuations can you enjoy greater gains. This is not to comfort and console you, but the characteristic of cottage trading is like this. If your mentality does not allow it, then please stay away from cottage trading and just play #BTC for fun.

As usual, here are the actual trading pictures. #BNB Holding position for 28 days