5.15 Has the hoarding trend quietly begun? Are the big players slowly accumulating funds?
Yesterday's article showed you that big players, whales, were buying Bitcoin and Ethereum, and today there is also such news.
The same is to transfer coins from the exchange to the wallet. Now it seems that they are hoarding coins. I believe that they are able to become big players with better vision than ordinary people. If the current operation of whales is very obvious, the market is about to surge!
Then we continue to return to the current market of Bitcoin. The current price of Bitcoin is around 62,000. Yesterday, the price showed a significant correction trend. From the four-hour point of view, as shown in the figure, the price directly fell through the middle track of the Bollinger band. Now there is a big positive line that has returned to the middle track again, but the closing line is not very strong, and there is still a little upper shadow line.
Then the MACD fast and slow lines below are still above the zero axis. Yesterday's decline did not cause the fast and slow lines to pull back below the zero axis, which means that the bullish trend still exists. Then if the price can continue to rebound slightly today and run above the middle track of the four-hour Bollinger band, then the MACD fast and slow lines will have the opportunity to form a golden cross trend, and the golden cross trend formed above the zero axis, then the bullish trend will be more certain!
Then let's take a look at the daily situation of Bitcoin. You can see that yesterday's price closed below the middle track of the Bollinger band. This is a bad signal. The current price is running below the middle track of the daily Bollinger band, so in fact, the shorts still have a slight advantage at the daily level.
Then the trend I just mentioned in the four hours actually requires the price to continue to rise today and remain above the key position before a bullish trend will appear, so I clearly remind everyone to pay attention to this situation and don't get excited and enter the operation!
