Current bitcoin trend judgment

We saw bitcoin continue to strengthen after breaking through ma18. Judging from the June high of $13,900, the correction of the past 32 days is likely to run in a large wave of four, while the current correction is likely to be for five waves since the $3,200, which tend to move more quickly and with the possibility of failure. We compare three rallies in July.

1. Bounced 8 days to a sub-high of $13,200,

2. Bounced back for 4 days and failed to challenge ma18

3. Bounced for 7 days and faced the pressure of ma36

At present, if the pressure of ma36 is broken, it can be said that bitcoin will have a relatively broad rebound space, which is between $12,000 and no strong resistance. For the 5 waves, failure is generally blocked at the trend line, while success is a new high. But no matter which result, my conclusion is the same, this is the tail stage of the market, you should pay attention to the risk.

Strategy, if at $13,000 to leave the field of funds, in this position to avoid short, can break the ma36 average, a small amount of cover, but be careful, do not heavy position, after all, there is not enough evidence to show that there will be a big market to develop.