Hello everyone, I am Dashan. I only focus on the trends of mainstream coins, with daily cycle analysis. When someone smiles in the cryptocurrency market, someone will cry; I hope everyone is the former! To my fans and friends, I also wish everyone can achieve their goals in the market!
Looking at Bitcoin, let's first look at the daily chart level. At this critical resistance level, I have mentioned it several days in a row. Each day we need to observe the daily closing price and wait for a clear candlestick. However, the last few days have not been very clear, basically as we expected, they are all small candlesticks. For such small candlesticks, you do not need to differentiate between bullish and bearish. Currently, it is not advisable to look for breakouts; it is still not clear enough. A clear breakout would at least require a longer bullish candlestick. So at this position, do not look for breakouts, as there is always a possibility of a reversal. Therefore, we need to continue waiting. Personally, I believe a clear signal will be given today or tomorrow. Either we will see a bullish candlestick moving up, which could lead to several days or even one or two weeks of continuous upward movement to test previous highs. The other possibility is a bearish candlestick dropping down, in which case we need to look for support around the bottom at 890 and then start adjusting from the bottom.
Now let's look at our Ethereum. Similarly, this downward trend line is very critical. Currently, it is testing the resistance level. After the bullish candlestick surged up, its target is to look at the previous highs on the left, which may follow Bitcoin upwards. Therefore, now is a watershed moment; do not guess blindly before a bullish candlestick appears.
In the cryptocurrency market, it is essentially a contest between retail investors and market makers. If you do not have cutting-edge information or firsthand data, you can only be cut down! This article is time-sensitive; the market changes in real-time, and specifics should be based on actual trading. The above suggestions are for reference only!
Investment involves risks; proceed with caution when entering the market.
Hello everyone, I am Dashan. I only focus on the trends of mainstream coins, with daily cycle analysis. When someone smiles in the cryptocurrency market, someone will cry; I hope everyone is the former! To my fans and friends, I also wish everyone can achieve their goals in the market!
Looking at Bitcoin, let's first look at the daily chart level. At this critical resistance level, I have mentioned it several days in a row. Each day we need to observe the daily closing price and wait for a clear candlestick. However, the last few days have not been very clear, basically as we expected, they are all small candlesticks. For such small candlesticks, you do not need to differentiate between bullish and bearish. Currently, it is not advisable to look for breakouts; it is still not clear enough. A clear breakout would at least require a longer bullish candlestick. So at this position, do not look for breakouts, as there is always a possibility of a reversal. Therefore, we need to continue waiting. Personally, I believe a clear signal will be given today or tomorrow. Either we will see a bullish candlestick moving up, which could lead to several days or even one or two weeks of continuous upward movement to test previous highs. The other possibility is a bearish candlestick dropping down, in which case we need to look for support around the bottom at 890 and then start adjusting from the bottom. Now let's look at our Ethereum. Similarly, this downward trend line is very critical. Currently, it is testing the resistance level. After the bullish candlestick surged up, its target is to look at the previous highs on the left, which may follow Bitcoin upwards. Therefore, now is a watershed moment; do not guess blindly before a bullish candlestick appears. In the cryptocurrency market, it is essentially a contest between retail investors and market makers. If you do not have cutting-edge information or firsthand data, you can only be cut down! This article is time-sensitive; the market changes in real-time, and specifics should be based on actual trading. The above suggestions are for reference only!
Investment involves risks; proceed with caution when entering the market.