Market Analysis: Celebrating Bitcoin's "Little Spring" at the end of May, can the market continue?
BTC market analysis
BTC market analysis
In the previous analysis, we positioned 9300 as the dividing line between strength and weakness. As we said yesterday, if 9300 cannot effectively stand firm, we need to reduce our positions when the band head of 4H-30MIN is formed. If we stand firm at 9300, we will continue to hold Strategy.
It can be seen from the above figure that BTC has reached the K-line intensive pressure level of 9800 at present, and the overall volume and market sentiment have not shown positive signals. However, the mainstream strong trend of the BTC market has been reconfirmed after it stabilized at 9300.
The anchor position of market psychology now generally gives BTC a psychological price of 10,000 dollars, so once the market is too much lower than this price, the market will actively respond and enter the market, and then stabilize the price difference. From this point of view, if there are no major risk points and uncontrollable events in the later stage of the market, the chances of us wanting to buy BTC at a lower price will become smaller and smaller.
Let's analyze why the head of this trend did not form? How will the trend go after that?
Looking at the picture above, we have analyzed before that as long as the market breaks below 8600 and then forms a bottom again, there is a possibility of rising. At that time, we analyzed it in the 4H cycle, and did not analyze the trend of the 30MIN cycle.
The picture above is the trend chart of 30 MIN. Why do we analyze the 30 MIN cycle this time, because 4H has now become a band, and this band is formed by a trend of 30 MIN, and 8 30 MIN forms a 4H, so When we want to judge the buying and selling point of 4H, we need to zoom in on the cycle. By looking at 8 30MIN cycles, we can see more clearly and clearly what the internal structure of the trend looks like.
We have said before that we need to look at the big and the small. Looking at the big is the big trend, and being small is the big trend. We can see from the picture that after judging the 4H trend, we can at least find 3 buying points in the 30MIN period, and the first pressure point will appear around 9300, and whether 9300 can form a 30MIN head still needs to be judged Whether there is a trend deviation in 30MIN, this is one of the core technologies in technical trading.
The issue of time and space today will be analyzed in depth later. After understanding the trend deviation, you have already entered the golden rank of the essence of short-term trading. Simply put, the end of a trend requires at least two platforms (we call it the hub, which is the black box in the figure) before it will appear.
Therefore, the rising cycle of the current position has formed a center with 9300 as the top, and now it is forming a center with 9400 as the bottom. After this center is formed, there will be an upward segment hitting the K-line intensive area above 9800, thus forming A deviation from the trend will end this 4H trend segment.
ETH market analysis
ETH market analysis
ETH went up strongly, breaking through 218, which exceeded our previous expectations. We had previously analyzed that ETH was brewing and the trend began to narrow. There was enough energy storage for the outbreak of the market, but we did not judge such a strong performance. .
Directly break through 215, the central top pressure level we predicted before. But fortunately, we had a chance for you to make a low position of 3-5 into a certain position before. If you have entered the market, this wave of around 215 will not form a signal to leave the market, so you should be able to take advantage of the rise Express to around 224.
XRP, LTC, BCH, EOS market analysis
XRP, LTC, BCH, EOS market analysis
We have analyzed yesterday that the bottom of the daily trend of the four currencies has gradually come out, but the trend is slowing down, and the short-selling sentiment has been released. The chance of a slight recovery in the 4H cycle analyzed yesterday has been realized.
From the current point of view, the second buying opportunity of the daily-4H overlapping cycle of these currencies is gradually approaching, and it needs to be reconfirmed by stepping back on the 4H, and the opportunity for the daily small-band market has appeared. Friends who operate deterministic market in the small band can pay close attention to it.
