peter-l

peter-l

Bitcoin fell sharply after it formed its head and shoulders. In fact, the history of the formation of the head and shoulder, the success rate is not high, we see the June arc top ended in failure. But this time it seems very standard, and in the surrounding market has not yet appeared before a sharp decline in the formation of shorts should be considered very...

peter-l

The top of the head and shoulder is a very common top pattern, but in the digital money market, the success rate of this pattern is not high. Bitcoin, at least, has appeared many times before and failed. Bitcoin has been trading at a high level for two months now, and because surrounding markets have been stronger and gold and U.S. stocks have not fallen, it...

peter-l

This year has been different. Both bitcoin and mainstream currencies have been tepid, doubling from the bottom, but nothing special compared with the surrounding markets. But some tokens based on the defi concept hype, really hot. Link has risen tenfold and made it into the top 10, and there are many more. There are a lot of tokens I can't name, and I don't know...

peter-l

At present, if Bitcoin continues to go up, the resistance is not small, I summarized the "three mountains" First, the gap in the CME. CME is the CFTC-approved compliant bitcoin contract market, and although bakkt began to join last year, CME's bitcoin contract market remains highly influential. And the logic that CME's Bitcoin contract has a gap to fill has...

peter-l

Operation suggestion: after the steep rise, do not rush to make the judgment of trading, the market needs to repair, need to gradually calm down, this time the entrance risk is very big, especially the people who do the contract, long short double kill situation is common. The CME has a time-sharing gap, now both up and down, so the possibility of covering the...

peter-l

Bitcoin didn't stop after breaking through $11,000, but accelerated, approaching a 2019 high of $13,900. But we know that since the introduction of futures trading, especially since CME's involvement in Bitcoin trading, the market has not been a one-sided market. Every once in a while, there will be a severe earthquake, because the contract to be delivered,...

peter-l

Next we'll see how the market will play out. Here is the K-line chart of the 3-day line, we see above a trend line, that is the 2019 high and 2017 high line, but also to suppress the long market down trend line, this line I said before, break through the trend should be reversed long. And now it looks like it's broken, so the rebound goal here is ab two points....

peter-l

Recently the market has gradually strengthened, ETH's performance should be a credit. Bitcoin is more influenced by the peripheral market, which I analyzed in my previous article, because more and more institutions are involved in Bitcoin transactions, so he is more susceptible to the mainstream market. And the digital money market, with the exception of Bitcoin,...

peter-l

Bitcoin sideways for 2 months, with the amplitude convergence, K line combination gradually formed an arc top. This is a very frightening shape. Let's start with the elements of the arc top, starting with the moving average, which is currently short in ma36, MA18 and MA6. Secondly, the neck line of the arc top is near MA144. If it falls below this position, the...

peter-l

Yesterday I suggested that the daily line here macd divergence risk, but this is not before, because of the trend of this position, I have discussed in How Bitcoin went 14, so I don't think it is necessary to repeat my point of view. But now that the divergence has formed, I see a lot of people became confused. Because of the technical divergence, it is...

peter-l

At the moment it's a critical moment, with the Bulls defending in the ma36 organization, but the macd trend is clearly not good for the Bulls. Between ma6 and ma36, less than $200 space, the bulls and shorts will be dueled. Conclusion: If you choose to go long, you must break through the a-point;Adjust downwards, possibly around $7,400 for support.

peter-l

Let's look at the weekly trend of Bitcoin, because it's in a key position to break through or not, so I'd like to take a moment to give a relatively clear explanation of the market's movements. The reference chart is bitfinex's btcusd, as this is a relatively complete trading platform. First, we started at the end of 2017, when the Bitcoin high was $19,891, and...

peter-l

I wrote the article on May 8th. As an analyst with a conscience, it is sometimes involuntarily. Although I won't offer free articles for long, at key points, I'd like to give some loyalty to ignorant and fearless investors. Even if a lot of people don't like it, I'll stick to it. There are waterfalls here, I didn't expect, because I think the bulls will be very...

peter-l

I've drawn a trend line that connects the 2017 high to the 2019 high. We use the three-line strategy, one of the criteria is the trend line breakthrough, so now the macd long trend confirmed, the average support confirmed, if the trend line breakthrough, we want to execute the long strategy. Some people may not understand why I am bearish but let everyone execute...

peter-l

As an anonymous coin, it has always been a mixed blessing. Because of anonymity, it is easier to be favored by the dark web, but that is why regulators abhor it. Zech has been flat since it went public. Listing in bitfinex in 2017, adding a brief $2,500, then went all the way to become the leader in zeroing, and one of the top 10 major impairments of 2017. Until...

peter-l

Yesterday, the market rebounded, suddenly took me back to October 2019. At that time, because china's top officials held a blockchain development conference. The market has broken down the situation, there has been a super rebound market, 2 days up more than 3000 dollars. This time it was the People's Bank of China that tested cbdc, once again bringing a rebound...

peter-l

Recently busy, market trends are also more boring, so there is no update article. But I want to give investors more tips at the key nodes, which is the principle of my writing. The so-called carbon in the snow, far more meaningful than the icing on the cake. We now look at the chart, is a downward trend, the pressure of the rebound is on the trend line. If you...

peter-l

The chart shows the daily and weekly lines of Bitcoin, with the daily trend on the chart above and the weekly line below. Let's start with the daily line, has now verified my February proposed B-wave trend, assuming that here is a double-headed trend, theoretically double-headed adjustment target is as follows: Upper limit: magnitude 13868-6430=7438, target bit...