peter-l

Will Bitcoin still be a B-wave rally?

BITMEX:XBTUSD.P   Bitcoin
On May 28, 2019, I published an article that said, "This could be a super B-wave rally." The market was in a frenzy, with many analysts giving $20,000 or more.
But a month later,Bitcoin stopped rising at $13,920. and then started a six-month "bear market" history that was a constant reincarnation, and if we were just making that seven-second memory fish, it might just be a piece of the game. To get rid of fate, you must establish their own trading logic, have good execution, in order to accumulate wealth, not only in the financial market, but also in everyone's life.
Back on the plate, last month, I made a judgment that $9100 to $100 should be the target of a rebound. At present look at this position has broken through, continue upward, so now it is time to redraw the trend and target.
Now, I give two pressure levels, one around $10,160 and one around $11,000.
The logic is simple, I think this year's market, and last year is very similar, are a fall after the rebound trend, as many people say "halvings bull", I do not agree too much.
For me, charts are all about everything, and I think it's more intuitive to look for answers in a chart than anything else.
Now the situation, the daily line of macd top divergence no, but the price of Bitcoin did not appear to be significantly pulled up, several factors:
1, this may be a miniature version of last year's trend, so the strength is weaker, because from the point of view of capital, the market funds are not very abundant
2, this round of the market from October 2019 to start speculation altcion, 2020 began to speculate on the mainstream currency, Bitcoin is a "supporting role", so the trend of Bitcoin has been distorted, can not reflect market trends
3, bitmex contract positions remain at a high of more than 1 billion U.S. dollars, shorts never leave the market, which makes the bulls panic, dare not do all-out long

Suggestions:
1, the current market is in the stage of a fierce exchange of long-short, the risk severity.
2, contract trading, I think is not a good opportunity, especially try to short. I know a lot of people like to be short on the left and think they can open short orders if they go up a lot, but it's very dangerous to do so.
3, spot holders, please set the right side of the exit standard: macd plus moving average.
4, if there is no spot, it is indeed more embarrassing, but now the opportunity to enter is not easy to grasp, need to wait for an adjustment, or contract positions significantly reduced. it's a safer entry.

30年的A股投资经历,水平虽然不高,但经验足够丰富。熊市避坑,牛市逃顶,对于新手可能有所帮助。
需要每日分析,请搜索微信号peter-tqbj,需要股市投资建议搜索星球{抱团取暖,迎接A股牛市},或者星球号64802450
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