Bitcoin - a collation on the way down

Broke the triangle support, all the way down, 13000 dollars above the middle of the head has been built, where is the next, long defensive zone?

At present, 13000 dollars above the formation of a double-headed form, the theoretical volume of the target position to 8000 dollars, and here is the early intensive trading area, that is to say here should have long resistance, but also long defense area. The other possible support for the bulls is the ma72, which is about $9,200, where the abcde's c wave should end, and where the bulls could play in this area to confirm the final direction.

From today's K line trend, a rebound of the middle line, but in ma6 blocked obviously, we talked about this before, the first time we met ma6 is difficult to break through. So today if Yin is normal, now look at a few big contracts platform holdings, bm and fire COINS are declining, only okex quarterly contracts in increasing positions, this I also said, okex retail, they are more with the logic of the spot futures operation, neither the concept of hedge, also don't know the necessity of stop-loss. So often losses of 40 or 50 percent, and more losses, until burst.

Of course, okex besides retail, also assembled a group of large family, so here do not exclude part of the fund bargain, but at present, can not confirm spot here bottom, so their behavior can change the trend, we want to continue to observe.

strategy

Spot has not yet to enter the market opportunity, the left side of the trade risk is relatively large, it is recommended to begin to enter the right side is better.

Contracts, there are many opportunities, but understand that there are both risks and opportunities. If you are a disciplined trader, you can participate in any position.