In the recent period, the most asked question by everyone is: what is the current overall structural direction for Er Bing (two cakes/coin 2)?
I’ll answer this collectively here. Er Bing has dropped from the high point of the four-hour chart at 2463 down to the low point at 1504. It is currently pulling back and forming a daily-chart level consolidation at a “trembling” (sideways) range. The consolidation range is 1848---1511.
Next, there are only these possible scenarios:
First: The price keeps repeatedly moving up and down within this daily-chart consolidation range, forming a weekly-chart level consolidation box. If this happens, then a long period of choppy, ranging market is unavoidable. Whether the breakout is upward or downward, it will require a weekly-level “massive” amount of energy to be consumed before this bigger consolidation can be broken!
Second: After standing firm within this daily-chart consolidation range, it waits for a suitable moment. This moment could be driven by a resonance across the market, funds, market sentiment/interest, and policies, and then a volume expansion breakout occurs above the upper edge of the daily consolidation range at 1848. After surging up and breaking through, it shrinks in volume and pulls back to hold above 1848. Then it continues upward and breaks into a new round of a major trend!
Third: Continue the next round of decline. It breaks below the lower edge of the current daily-chart consolidation range at 1511 and also breaks below the consolidation’s lowest point at 1504. After breaking, there are two possibilities: 1) After breaking below the consolidation low at 1504, it forms a “whipsaw trap” (a head-fake trap), meaning it creates a consolidation divergence (range-based divergence). This is what Duo Tou hopes to see; 2) After breaking below 1504, it continues with massive-volume selloff. In that case, it still continues the previous larger downtrend, and the downside space is relatively large. Then you can only keep observing, and only after this new round of selloff stabilizes/finishes can you have a chance to welcome Duo Tou’s new cycle of trading opportunities!
These above three scenarios are the possible choices Er Bing may make right now. As for which scenario the market chooses, it’s determined by the collective resonance of all participants in the market. We only need to choose according to the market’s choice—that is the wisest approach!
One last sentence!!!
If you want to merge with the market, you must move with the market, dance to the same rhythm. If you don’t feel it, then go find someone on the street to dance with and get the feeling for it!
$ETH $BTC $SOL
#币安九周年 #日韩股市收涨韩股盘中跌超5% #美光股价一个月跌近14%
I’ll answer this collectively here. Er Bing has dropped from the high point of the four-hour chart at 2463 down to the low point at 1504. It is currently pulling back and forming a daily-chart level consolidation at a “trembling” (sideways) range. The consolidation range is 1848---1511.
Next, there are only these possible scenarios:
First: The price keeps repeatedly moving up and down within this daily-chart consolidation range, forming a weekly-chart level consolidation box. If this happens, then a long period of choppy, ranging market is unavoidable. Whether the breakout is upward or downward, it will require a weekly-level “massive” amount of energy to be consumed before this bigger consolidation can be broken!
Second: After standing firm within this daily-chart consolidation range, it waits for a suitable moment. This moment could be driven by a resonance across the market, funds, market sentiment/interest, and policies, and then a volume expansion breakout occurs above the upper edge of the daily consolidation range at 1848. After surging up and breaking through, it shrinks in volume and pulls back to hold above 1848. Then it continues upward and breaks into a new round of a major trend!
Third: Continue the next round of decline. It breaks below the lower edge of the current daily-chart consolidation range at 1511 and also breaks below the consolidation’s lowest point at 1504. After breaking, there are two possibilities: 1) After breaking below the consolidation low at 1504, it forms a “whipsaw trap” (a head-fake trap), meaning it creates a consolidation divergence (range-based divergence). This is what Duo Tou hopes to see; 2) After breaking below 1504, it continues with massive-volume selloff. In that case, it still continues the previous larger downtrend, and the downside space is relatively large. Then you can only keep observing, and only after this new round of selloff stabilizes/finishes can you have a chance to welcome Duo Tou’s new cycle of trading opportunities!
These above three scenarios are the possible choices Er Bing may make right now. As for which scenario the market chooses, it’s determined by the collective resonance of all participants in the market. We only need to choose according to the market’s choice—that is the wisest approach!
One last sentence!!!
If you want to merge with the market, you must move with the market, dance to the same rhythm. If you don’t feel it, then go find someone on the street to dance with and get the feeling for it!
$ETH $BTC $SOL
#币安九周年 #日韩股市收涨韩股盘中跌超5% #美光股价一个月跌近14%
