The time for Bitcoin to change has quietly arrived, let us prepare for it together
Saturday, March 20, 2021, the eighth day of the second month of the lunar calendar [Xin Chou Year Xinmao Dingmao Day]
Hello everyone, I am your friend Yitianshuo (V: Aphz8705). Yitianshuobi focuses on digital currency market analysis, and strives to deliver the most valuable currency market information to the majority of currency lovers. Welcome to pay attention and like , Reject any market smoke bomb! Thank you for your likes and attention!
Sure enough, it is still fluctuating. The operating space of the bitcoin price yesterday was 57,500-59,500 US dollars, which happened to be the range point we mentioned in the article yesterday morning, which is completely accurate. Did you find out? The opinions and logical thinking shared in our recent articles are in line with the market. When the currency price was at 54,000 US dollars a few days ago, we thought that 54,000 was the bottom, and there was no need for the currency price to fall to 52,000 US dollars. It has rebounded, and the operating space of the currency price given in the past few days is relatively accurate, which means that the rhythm behind the currency price is completely in line with our judgment, which is very important;
Why did our article say that the currency price should fluctuate in the range of 57,500-59,500 US dollars yesterday? It is because the upper resistance of $61,000 is still relatively large, and the lower support is also relatively obvious, so the currency price will go out of the trend of finishing at the end of the triangle, and the trend of finishing at the end of the triangle will pave the way for the next change in addition to digesting the upper pressure , so what we want to talk about today is whether the change is getting closer, how should the market judge?
First of all, I will give an affirmative reply, "The time to change the market is indeed getting closer and closer", how can it be seen? Look at the picture below:
This is the 4-hour K-line chart of Bitcoin, which is also the one from yesterday. Did you notice it? The currency price trend is getting closer and closer to the end of the triangle, so why does the approach lead to changes? What does this triangle end mean? The triangle arrangement means that the upper pressure gradually moves down, while the lower support gradually moves up, and then as time goes by, the space for the currency price to operate will become narrower and narrower, and finally the currency price must Choose whether to break through upwards or downwards. If you choose to break through upwards, it means that the market chooses to rise in the short term, and then the strength of the rise will not be small. Changing the market is a very tempting opportunity for many currency enthusiasts. We look at the current triangle arrangement, the currency price fell from 61,800 US dollars, and then the second highest point was at 60,100. This is a typical process of continuous downward movement of high points, and the same support is the same. This round of low currency prices The point starts at $53,290, the second low is at $54,000, and the third is at $56,200, which means the support level keeps moving up.
Thank you for reading and liking! Author/Yi Tianshuo (V:Aphz8705)
That being the case, how long will the current arrangement continue? How has support and pressure changed? We can see this from the hourly level. The strong support at the hourly level has reached $57,500, and the pressure has reached $59,700. There is about $2,000 in space, which is very small. If you follow the shock cycle Forget it, at most one day will change the market, that is to say, if it is not today or tomorrow, the currency price will have a short-term directional choice. At this time, many people say that I will take a long order at $57,500 and try it out. That doesn’t necessarily mean that the currency price can reach that position. The pressure and support can only show that the main force has the opportunity to hit the currency price to that position, but it depends on the strength of the market.
Then how to judge the direction of the change disk? This depends on the strength of the market. The high point of the currency price yesterday was 59,500 US dollars. If the currency price can touch 59,500 US dollars for the second time today when it is fluctuating, it means that the short-term currency price is very strong, and the probability of the currency price going up is higher. , On the contrary, if the currency price remains strong, but the currency price does not go up, but goes down first and violently, you should pay attention at this time. Whether the direction of the change of the market is going to go down or not, this needs to be observed on a firm basis, so opening orders at this time requires some skills, but it is more worth looking forward to.
This is the main content of today's article, I hope everyone can understand it well. It contains the code of opportunity;
Ethereum: Ethereum is going pretty strong today, and UNI is also starting to get stronger. The ecosystem tokens represented by Ethereum show signs of strength
DOT: It started yesterday and today, which is also a good sign
At the same time, the altcoins have gradually begun to exert their strength, and the market is thriving. Now it depends on whether Bitcoin can be pulled up in one go. This is perfect, and the currency lovers are as happy as the Chinese New Year.
#Bitcoin Quotes#
Thank you for reading and liking! Author/Yi Tianshuo (V:Aphz8705)
