Grayscale continues to grow and the epidemic boosts Bitcoin, follow the crazy bull to get on the car and make money
Looking at the weekly line, Bitcoin recorded the second largest single-week increase record in history. A physical big Yang column directly broke through the upper rail position of BOLL. The bulls in the bull market leapt up. After that, you will never guess where the next high point is, how lonely it is to be invincible. The weekly technical form is overbought and divergent, and the technical indicators are not very informative. At this time, you only need to follow the market.
On the daily line, Bitcoin has risen and closed for eight consecutive days, and the bulls are rising steadily. Although there is a certain callback in the middle, there is no sign of a sharp drop. On the contrary, after each callback is the moment when the market recovers. And gaining momentum, three outbreaks, this kind of market is a bit like the feeling of war-thinking for a long time. The daily Bitcoin is running with the BOLL on the track, and the BOLL is open, and the upside space is gradually opening up with the operation of the market. The short-term MA5/MA10 continues to run upwards with a golden cross, giving strong support at 22,900 and 20,898 US dollars respectively. For the upward resistance, we can refer to the area of 24,000 US dollars for the time being. Once it breaks through, there will still be a new high. The major technical indicators in the short-term period are moderately upward, and the momentum of MACD in the attached picture continues to increase. Bitcoin will continue to maintain a bullish upward trend. After Bitcoin soared to US$24,193.4 in the early morning of this morning, the Asian market fell back and the European market rebounded. It is currently maintaining a consolidation around US$23,600. In the short term, there are signs of a callback in technical indicators, but it does not affect the bullish trend. The callback continues. In the short term, focus on the support around the intraday low of $23,100. If you are uncertain about the interpretation of technical market and news, or you have a set list, you can discuss it with Mr. Tan.
Let's talk about how to trade in the bull market and how to make money. If you say you can't make money under normal market conditions, I can "cooperate" to understand. If you say you can't make money under mad bull market conditions, then you can blame the market or the teacher? This is really necessary Find the reason from yourself. Many friends say that they can't understand technology. Do you need to look at the market for the bull market? There is no technology in the bull market, and many friends can make money with their eyes closed. The foresight mentioned above, in fact, there is also a sentence "prevention before it happens". Under the bull market, we must not only guard against the trend of downward adjustment but also the end of the bull market. Of course, it is still a bit early for this, but the downward adjustment has to be Be careful, after all, the market does not blindly rise or fall. At this stage, Bitcoin has reached a high point, and Mr. Tan also believes that there is another high point. For the layout of the medium and long-term, we will first look at the 25,000 USD mark (for the medium- and long-term, we must first have a good attitude, and the second is Can withstand the direction of the market and the temptation of the market), if you break through the attention, talk about the layout of the next level. In terms of trading methods, whether you are a contract trader or a coin hoarder, you have certain control over the size of your funds, position control and market trends. For example, 5000U, under the current market conditions, the position can be divided into three parts, one for trend trading, one for replenishment, and one for backup. The situation and combined with real-time market conditions will give a stable technical solution.
Many people will ask, Mr. Tan, why do you believe in bullishness so firmly? First of all, you have to believe in yourself, you are right, and then believe in the market, the market will not deceive everyone. In the final analysis, the reasons are: first, the epidemic situation, especially the foreign epidemic situation, the more chaotic the situation, the higher the value (just like this year's gold); Market confidence is followed by retail investors; thirdly, major central banks around the world have shrunk, making the value of BTC more significant.
