May 14 Bitcoin Ethereum Cycle Analysis
Hello everyone, I am Dashan. I focus solely on the trends of mainstream coins and provide daily cycle analysis. In the cryptocurrency circle, when some people laugh, others will cry; I hope everyone is in the former group! To my fans and friends, I also wish everyone can achieve their goals in the circle!
Regarding Bitcoin, everyone must have read yesterday's article. I specifically emphasized the issues of direction and trend. Such small pullbacks will definitely return. From the current situation, it is very likely that the four-hour chart will enter a range-bound adjustment. Bitcoin is very likely to touch previous highs this week, or at most in two weeks, with a high probability of reaching new highs. At that time, for all swing traders, you must take profits and exit at the previous high, as this position is very likely to see a pullback. For those holding spot positions, continue to hold without making too many operations.
Then, looking at Ethereum, yesterday's daily candle closed again with a bullish signal. The bullish trend has been mentioned many times. With such strong bullish signals and the provided room for a rebound, according to this pace, when Bitcoin touches the previous high, Ethereum is very likely to reach above three thousand. Ethereum's movement is clearly stronger than Bitcoin's. Currently, the top of Ethereum has not been established; keep monitoring, and wait to see Ethereum's direction after Bitcoin reaches the previous high! New friends who come across this can click to follow; daily cycle analysis and short-term strategies are provided.
In the cryptocurrency circle, it is essentially a contest between retail investors and big players. If you do not have cutting-edge news or first-hand information, you can only be cut!
The article is time-sensitive, and the market changes in real time; specific actions should be based on actual trading. The above suggestions are for reference only!
Investment carries risks; proceed with caution. #BTC #ETH $BTC $XRP
