How long will bitcoin's cross last

Speak a logic, the trend of the market is a law to follow, so I can predict the mainstream currency half a month ago, I will not go up to see more, fell short. I have a continuous logic for all analysis, and if there are mistakes, I can correct them, but I don't talk about ups and downs.

What's the logic in this? Quite simply, the cost and appeal of capital. But seemingly simple, really want to understand, not easy, you need to completely change the retail thinking.



Back to the disk, we saw the negative decline of 6 days here, while the mainstream currency really rose. If you have read my daily article carefully, you should remember that I clearly described the emergence of this phenomenon half a month ago. I said at that time that the best thing here was the horizontal trading of bitcoin and the mainstream currency rose a wave. And after that?



I don't remember the last time we had a six-day period where we had a cross plus a 2% amplitude. Volatility is an interesting indicator. It reflects the attitude of the market. If you are interested, you can read the book "the mob". Most of us are passive. In a group, in an environment, we all need leaders and we are all affected. So in this case, if someone is focused on attacking the other side's defense, once that point of consensus is triggered, a net force will form. As we saw in November 2018, $6,000 was breached, and $4,200 was breached in April 2019.



Let's go back to the basics. Although the market value of bitcoin has declined, it still accounts for more than 60%, so it is the leader of the market. Only it can determine the trend of the market, not the mainstream currency.

The problem here is clear. If bitcoin can break through, the market will naturally strengthen. If he starts to fall, then the mainstream currency also has room to adjust, so here began to stay on high alert, do not relax because of making money, also do not blindly think that the market has started to turn more.



As for how long the mainstream currency can go, I first recommended eos, now I still think that is the initial landing point of the main force, but also the most able to reflect the main force will. So if he breaks up, there's a chance for the other tokens, and if he does something here, you have to be careful.

We should pay attention to the $10370 level of pressure, this is the last four months of volume concentration, if not break, long is dangerous. The most important support below is ma18



Strategy: spot + hedging is still the best strategy I can think of

评论:

I need to correct that the support below should be at the daily level of ma144. Sorry, I haven't had much sleep recently