peter-l

Bitcoin is a box move

BITMEX:XBTUSD.P   Bitcoin
In the past two days, I have seen a lot of opinions, which define this as "triangular" arrangement (wedge arrangement). Moreover, I keep revising the lower edge. If I follow this analysis, there will be many problems. In fact, the judgment of whether this is a "triangle" arrangement or a box depends mainly on the judgment of point b. if point B is too low, the "triangle" shape will have little chance of being established.

As I said before, this is a box with $9,944 on the top and $8,911 on the bottom, and inside this box, it's going to be a choppy trend, and if there's a break, it's going to be a new trend, especially if it's a break down, it's going to be in the previous down trend; If it breaks higher, check to see if it can break $10,584. So my advice these days is to stay on the sidelines and do less.

As for the recently hot bitcoin cash (BCH), I have warned before that the existence of such centralized products as bitcoin cash in a so-called decentralized market is dangerous in itself, and besides, human greed has not been weakened by the birth of bitcoin. So I've also said, don't do what you want to do to hurt a market that's just building some confidence.

As for market speculation, I never like to hear the news, because in most cases, the information available to retail investors is basically outdated or released by people with ulterior motives.

When I saw the news of the BCH, the first feeling is problematic, because jen's departure, should be listed on a victim of failure, most of the ipo companies capital behind will have a bet on agreement, so failed to someone, but jia nan farming, the wise get blow to BCH it goes without saying that this is an obvious bad news, the reaction of the currency and beyond the normal logic, so I said at that time, abnormal things out there will be a demon, suggested that community friends not to chase hot (look not to understand can not do, I understand that logic is a money). Later, I saw a message from someone saying that BCH had reapplied for listing in the United States a week ago, and I felt more that there was a problem. I am not an insider, unable to understand the truth, but one day, there is nothing new under the sun, as long as we use logic reasoning, keep normal heart, we can avoid a lot of unnecessary risks.



strategy

If the market doesn't break through the box, wait patiently. Why trade in minutes? The end of the year, bitcoin has been the world's best performing investment subject this year, those managers are estimated to have been on vacation, left desperate for gold, perhaps grab a handful of sand.

30年的A股投资经历,水平虽然不高,但经验足够丰富。熊市避坑,牛市逃顶,对于新手可能有所帮助。
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