jherryPowell

BTC:Repeatedly test, give you a buying point

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin still maintains a volatile structure, and the bulls have not pulled up for a long time, but it has begun to rebound after falling below 26,600 again during the day, so relying on intraday support for low-level operations in the evening, the overall general direction of bullish thinking remains unchanged.For Bitcoin operations, it is recommended to try to buy at 26600-25300, with a stop loss of 600 points and a target of 29,000~30,000.

The chart is a daily chart of Bitcoin

Bitcoin's decline is based on the following points
1. The daily pattern of Bitcoin is not conducive to bulls, but it can only be seen as the end of the second adjustment, or there is a new low.
2. According to the research and judgment of the wave trading system, the current three-wave adjustment of C Wave 2 has occurred, and it is not ruled out that C wave 3 will start to rise in the near future.
3. The upper pressure is 29,000~30,000, and the lower support is 26,600~25,300.
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