The movement of bitcoin -- compare the similarity between the tw

26 באוק׳ 2019

As soon as the post was posted this morning, bitcoin broke the trend line, but does that break mean the bull market has started? I'm sticking to my view that I don't see any bull market signs here, and I prefer a rebound. Although the trend line break, but is not without similar cases in history, and at the beginning of 2018, the currency $20000 after peak, was a downward path, and in the middle of April 2018 rally, broke the trend channel pressure on prices, bounce back to long-term averages, again to adjust prices.

At the moment, there are many similarities between the two moves, and both are in a correction after a bull market. If anything, the rebound is stronger now, so it may not be an immediate correction in the short term, and volatility is inevitable. But in the medium to long term, it does not have the conditions for a sustained and significant rise. So I still suggest you stay calm, if you have spot before, you can trade in the high, or break, if you are short, this position is not the best opportunity to enter. However, I also don't recommend short selling, because after the dayang line, the bull is full and there is not enough short selling power in the short term. Meanwhile, the position of bm has dropped to 660 million, which is the lowest point in nearly three months, and the market needs the process of reassembling. And counterfeit COINS, I think the short line differentiation is very serious, some of the more solid technology, may be an opportunity, but more may be to cut leek, we need to pay attention to screening, early set of bitcoin accounted for a large fluctuation, is caused by the counterfeit COINS diving.