[08/28] Beast Trading _ Today's Bitcoin Perspective
Beast Trading _ Today's Bitcoin Perspective
Today, I will explain the wave that has been coming down from 25k.
First, the bit went up well to 25k, but you can see that the volume was much stronger when it went up than when it went down
Through this, it was analyzed that the wave that rose toward 25k was not an impulse wave, but a technical rebound from the decline that had fallen a lot.
The shape of the wave coming down from 25k is also seen as a falling impulse wave.
Since the wave starting from the high point is the impulse wave, the current section is likely to fall strongly to the impulse wave
If the trading volume really explodes and starts to fall, I think there will be a strong fall with panic selling, renewing 17.6k lows.
Currently, NASDAQ is also proceeding as I posted the NASDAQ market situation before.
After leaving the parallel channel, a strong drop continues, and the shape of the wave is analyzed as an impulse drop wave such as a bit.
Since the investment market atmosphere is not so good, I recommend short positions rather than long positions, and there are many up and down shaking movements.
Be careful not to make unshakable sales!
Today, I will explain the wave that has been coming down from 25k.
First, the bit went up well to 25k, but you can see that the volume was much stronger when it went up than when it went down
Through this, it was analyzed that the wave that rose toward 25k was not an impulse wave, but a technical rebound from the decline that had fallen a lot.
The shape of the wave coming down from 25k is also seen as a falling impulse wave.
Since the wave starting from the high point is the impulse wave, the current section is likely to fall strongly to the impulse wave
If the trading volume really explodes and starts to fall, I think there will be a strong fall with panic selling, renewing 17.6k lows.
Currently, NASDAQ is also proceeding as I posted the NASDAQ market situation before.
After leaving the parallel channel, a strong drop continues, and the shape of the wave is analyzed as an impulse drop wave such as a bit.
Since the investment market atmosphere is not so good, I recommend short positions rather than long positions, and there are many up and down shaking movements.
Be careful not to make unshakable sales!