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peter-l
Nov 19, 2019 2:00 AM

Where is Bitcoin's adjustment target3 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

描述

If you look at the weekly line, in fact the rebound in early November, and there is not a good preparation, technical adjustments are not in place. A lot of people like to "listen to the news", and I would say that "news" is only one of the incentives to affect the market, if the "good news" in the uptrend may accelerate the rise, but in the downward trend "good news" can only slow down the pace of adjustment, not change the trend.

Now we look back, found that here is more like a rebound after falling below the original box, and now this rebound is over, the price is back to the original downward trend.
How can You tell where bitcoin is being adjusted? From the technical indicator's indication, the weekly line macd has not ended the downward trend, so there is no clear indication; the signal that is easier to see at the moment is the trend line, i gave two trend lines, one is the previous low, at around 7450 usdollars, and the other is the x line, around $6960.
Here is what could be the last line of defense for the bulls.
If they lose, it's hard for the bulls to have a good chance before they halve in 2020.

I read a lot of people's analysis, always with "I think", in fact, this is very scary. In a quantitative market, everything has to be standard, if you can only feel, the chances of making money are slim.

Strategy: You are a long-term investment, now should be spot hedging, or holding French currency, waiting for the opportunity
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