$BTC Bitcoin has reached a key short-term position. Will it break the previous head and shoulders pattern and continue to soar? Or is it brewing a new head and shoulders pattern? In the short term, if Bitcoin can stabilize above one hundred thousand dollars, then the probability of continuing to rise is relatively high, and vice versa.
Bitcoin has reached a critical position. If the support near $90,000 fails to hold, it will be a successful breakdown of the neckline, which means there could be a drop of over $10,000... If it holds, Bitcoin's bull market can continue for a while. Altcoins don't need to be watched at all; they completely follow the trend of Bitcoin. When Bitcoin rises, they stop falling; when Bitcoin falls, they're done...
Squirrel fell below the box last night and hit around 0.52. The early support has now turned into pressure. Now Squirrel is about to reach the key price again. Do you choose to go short or long?
Let’s briefly deduce the three trends. When making transactions, you must be well-informed and not panic when things happen. Instead of just asking whether it's long or short, if I knew the follow-up trend, would I still do this stupid market analysis...
I digress. The recent trend of squirrels is really weak. They completely follow the big pie, or the big pie rises but I don’t rise. If the big pie falls, I fall sharply. Open positions carefully and cherish principal $PNUT
Squirrel Yesterday's long order was also stopped out. It seems that the wash is not enough. The third test is going to be conducted (near 0.58). Wait a minute. It will soon reach $PNUT
$PNUT The squirrel has come to the key position again (near 0.705). Here is also a long position opportunity with a good profit and loss ratio.
When your own trading opportunity appears, don't hesitate, be brave to do it. Even if you lose money, it is right, because you abide by your trading rules and you abide by your trading discipline.
The squirrel conducted a second test. A few days ago, it was observed during the analysis that this decline occurred with reduced volume. Whether in spot or contract trading, the trading volume has not increased. Reduced volume indicates a weakening of the bearish strength, which is a very positive phenomenon. Moreover, there will definitely be actions of short positions taking profits and long positions buying in at this level. The price will surely be driven up in the short term by these two forces. What needs to be done now is to bravely jump in. Today also marks the first trade with full confidence. Hehe.
#Pnut If the market is stable, pnut may have a chance to rebound.
On December 20, the squirrel hit a low of 0.586, a decline of 76%. After a week, the price returned to the previous low area for a second test. If the bottom support holds, the squirrel may have a chance to welcome a rebound. (Friends trading contracts, especially those with high leverage, please be cautious when opening positions.) If it doesn’t hold, the price may drop further. If there’s a spike and then a pullback, I believe it will be a very good buying point, provided the market is stable.
The above is just personal opinion and does not constitute investment advice. Until the price moves out, retail investors will never know how it will go next.
Can Bitcoin follow the long bull market trend of US stocks?
There are only a few days left in 2024 (Gregorian calendar). Today, I will briefly analyze US stocks and Bitcoin and share my humble opinions. First, let's talk about US stocks. Theoretically, where there is a bull market, there will definitely be a bear market. But looking at US stocks, have they had bear markets? Even if there are pullbacks, they are quickly brought back and break through new highs again! Even during the black swan event of the pandemic in 2020, when US stocks experienced multiple circuit breakers, President Trump flooded the market with liquidity to save it, and US stocks continued to soar. Thus, it can be seen that the US allows for pullbacks in the stock market but will not allow it to collapse without limits. Next, let's talk about Bitcoin. Bitcoin is a market with clear bull and bear boundaries, averaging a small cycle every two years and a major bull-bear cycle every four years. It is not difficult to find that since the lowest price at the end of 2022, the current bull market has lasted for more than 750 days, a little over two years. According to the time pattern, has this major bull market already entered the late bull phase?