From the daily chart, 10.25~26 was affected by policy news BTC extremely rapid pulling up, and on the 26th volume broke the four-month decline wedge, at first glance, the spring of BTC seems to be coming.
I would like to make a personal comment here, if you insist on bullish future market can ignore the following information:
The volume breakthrough on January 26...
On October 26, the huge volume broke through the downward wedge and stopped at the 618 retracement level, and the closing line closed below the wedge on that day. The next day, BTC tried the second breakthrough but failed, and the trading volume began to show a downward trend.
We can understand that BTC tried an upward breakthrough of the downward trend with the...
It's not hard to find a repeat of the bear market that started in mid-november:
1. The breakout of EMA120 volume is the beginning of a bear market
2. There are more top deviation structures (especially in the 1h figure)
3.MACD runs below the central axis most of the time
Compared to the current market:
1. The breakthrough of EMA120 has been completed.
ETH has recently stepped out of the mid-line downtrend and is currently returning to a major 618 retracement, located near 202.
If you can stand firm, there is room for improvement.
Paradoxically, a falling bat pattern is also taking shape, and the vicinity of 202 is just near the D point of the bat form (accurately 199.5).
However, the new uptrend line is very...
ETH has gone out of the two-month downtrend and is currently in the 618 retracement of the fall from 8.20 to 29, and there has been a strong structure in the early stage of the position, and there may be three top structures (I am writing this The text did not close, so the three tops may not be established, but at least the double top is established), indicating...