Bitcoin soars and falls, inertia pins, how to seize the band market?
The market is changing, but you haven't. Many investors have come to me to inquire about the market. My suggestion is that if you made money by "making a breakthrough" some time ago, you should take a good rest. This is not the time for you to make money. If you stick to the original operating method, then The money earned will soon be lost.
And if you are used to doing short-term swing trading, then this period of time is the cycle for you to make money, just do "box" according to your operation method.
If you feel uncomfortable during this volatile market, it is not that there is a problem with your trading system, but that the style of the market has changed. Therefore, just wait for the next time to make money with peace of mind. This is my experience in trading for many years. There is no shortage of opportunities to make money in the market. But most traders often don't notice this, and often all the money earned in a bull market is lost in a volatile or falling market.
Looking at the big cycle of the market, each wave of the market is a wave of trending market, a wave of oscillating market, and then repeating itself. Learn to summarize and reflect, and find the moment when you make money, which is the sign of mature trading.
Bitcoin continues to maintain a bullish trend. From the perspective of the daily line, it is still running along the trend line. After breaking through $9,900, it did not stand firm and started a callback. In terms of trading volume, it is also in a state of shrinking. If it is too late to attack, everyone might as well wait for a callback. Stepping back on MA7 today, it is more likely to step back on MA20 and MA30 or the upward trend line in the future.
For this kind of market, it can only be said that if it should rise or not, the possibility of a callback will increase. Of course, the trend is still upward. If you give the callback a chance to get on the bus, you can still get on the bus. Of course, the premise is that the position is not broken. Of course, "pin insertion" cannot be counted.
Looking at it from 4H first, it is more interesting. The price has tried to break through the upper pressure level many times, but it will be blocked every time, but it has been delayed for a while. It has been running inside this wedge for several days, so every time it will dampen the enthusiasm of many parties to do long. It is true that the trend is upward, but we must be alert to the risk of a callback. It is no problem to operate according to the box, and you must take profit and stop loss well.
ETH is really strong, and it has been sideways for so long but there is no sign of a callback, but it may be brewing, whether it is an upside or a retracement, the range will be relatively large. The story of ETH today will be told for a long time. After all, ETH2.0 is planned to be completed within 2-5 years. This year, only plan 0 has been completed, and plans 1 and 2 will follow.
As long as the story can be told, it can attract investors to pour in. Therefore, if there is a pullback, you can choose the opportunity to buy, it depends on whether the opportunity is given or not.
Judging from the current trend, the bullish trend is undoubtedly, but the MACD is sticking together and continues to deviate from the price, indicating that there is a need for adjustment, which can only be recovered through a sudden pull or a sharp drop. Therefore, everyone must be very careful.
On the whole, the market maintains a bullish trend, and it is no problem to see more in the general direction. However, it has been too late to attack, and whether to give the opportunity to buy bottoms is the biggest suspense. Digital currency has always been a place that requires imagination, and this is its greatest charm. The conversion speed between long and short will also be very fast. I think if you don’t go up for a long time, you have to accumulate energy for an upside attack, and the energy storage has to be completed through callbacks. What do you think?
