BTC daily line adjustment continues

2 jul 2019

We gave a very clear idea that there might be a period of adjustment, not a day or two. At present, with the line breaking down, the formation of short trend, the adjustment of the trend is more and more clear. Whether this is super B or not, and whether there will be new highs, we will not discuss at present, if it does fall, I will show you the previous analysis. Now we focus on the suppression of the trend line and the support of the average, because the daily line broke through ma6 and then broke through ma18 again, so there should be no doubt that c wave here, so the support is likely to be in ma36, if the fall stops, we can only determine the position of e wave by looking at the rebound strength of d wave. But the probability is still in the early platform can stop falling, and then consider the future direction.

strategy

Spot, at present is not the best time to enter the market, but if you sell short high, now back no problem, just the size of the position. It doesn't matter if you keep waiting, after all, the adjustment is not over for a day, and now even the low level does not mean the horse will rise. So it's ok to approach after confirmation of direction.

Contracts, this phase of the contract is actually easy to do, big amplitude, big space, but the problem is you have to get it right, otherwise it's easiest to lose money.