XBT runs between ma18--72

In the past few trading days, there has been some space for bitcoin to rebound, but the balance is a bit grim now, because we have been watching the pressure from ma18 is increasing, and the original support of ma72 is accelerating upward. In a gradually converging pattern, the market faces a choice.

If we look at the down cycle, the correction should come to an end, but it does not mean the new upward trend starts. We need to wait for the confirmation of macd and the breakthrough of ma18. Otherwise, the market below the ma72, will form two bearish trend.

strategy

Short - term stay - and - see is the best strategy, wait for a clear trend.

Ma18 and ma72 are the only two averages you should pay attention to. The trend of macd is the only two conditions for confirmation. In other words, the moving average and macd trend must meet the conditions to confirm the formation of a new trend.