$BTC
Hello everyone, I am Shihun
I wish you all a happy Mid-Autumn Festival, a reunion of families, and prosperity
Now let's update the idea of Big Pie
1. Big Pie gave a pending order yesterday, which was about 56800. Today, it was updated to 56700, down 100 points. This position is an extreme decline. There must be a rebound when it falls to this point. Yesterday, the lowest price of the market reached around 57400. It doesn't matter. You can still continue to hang it. Ethereum is also around 2200. There is no problem here.
2. Yesterday, I also said that Big Pie has a five-wave expectation, but the five-wave expectation here may fail, but there will be a rebound if it fails, so yesterday's idea was to go to a more extreme point to connect the needle.
3. In the circle in the chart below, you can find that the 57800-57400 range is a dense insertion point. The dense insertion represents that the support here is strong. Look at the macd indicator and it has been circled. Here, you can see that the negative column is shortening, which indicates a bullish expectation. The support here indicates a bullish expectation, and I said yesterday that there is a five-wave expectation.
So now 58,500 is a buying point, but this buying point is more aggressive and can be done or not. If you choose to do it at this position, you need to lower your position and leverage, and place the stop loss at 57,600. If you lose, you need to continue to go to 57,700 below to take more. This is the basic idea.
To summarize: 58,500 more, stop loss at 57,600, and take profit can be 59,500-60,000 (aggressive and can be done or not)
Place more near 56,700 and stop loss at 56,000 (the most stable approach)
Follow Shihun and share your views for free every day.