The three-day line is about to form a death cross underwater, and the probability of breaking 80,000 is very high. I also held a long position for 10,000 points.
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鸡父
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Weekly Market Analysis in the Crypto Sphere (01.31)
Summary:
1. Strategies and techniques for the long cycles of gold and silver.
2. Current fundamentals of gold and silver.
3. Why did the USD index crash and then surge? — The news side needs to be viewed in reverse.
4. U.S. government shutdown, Chinese New Year, and the metaphysical indicators of the new moon.
5. The core issue is whether 80600 is the bottom of a weekly line.
6. Historical phase one of bear markets.
Operations:
1. Bitcoin long positions are held, take profit at 98500.
2. ETH long positions are held, take profit at 3233.
3. SOL long positions are held, take profit at 143.6.
In fact, specific ideas have already been written in detail in the analysis; I would like to add a few more words here. If everyone has time, I still hope you can open the small chart to take a look, rather than just focusing on my operations. The small chart contains my relatively complete thoughts.
The current drop, even if it hits a lower low at the beginning of next week (Monday to Tuesday), I still believe it does not have continuity.
You can see that the Bollinger Bands on the weekly chart are still in a widely opened state. In this situation, I feel it is a bit excessive to continue a one-sided downward trend; the time is not sufficient. So it will probably be similar to the double top from December 24 to January 25, or the triple top from July 25 to October 25, where a relatively complex bottom structure forms, followed by a significant rebound before continuing a new weekly downtrend.
It should be noted that the occurrence of 97900 was in mid-January, a full month before the Spring Festival. I am not saying that I cannot accept the breaking of cyclical patterns, but it cannot be too outrageous. Even if it says mid-February, starting a new weekly downtrend before the Spring Festival would still be acceptable to me.
I thought carefully about it all night, and I feel that this week's weekly chart seems unable to determine how to operate; I need to observe for another week. This is primarily because 17 days have passed since the daily line drop starting from 97900, and it could end at any time and begin a daily line-level rebound. Therefore, the most important thing right now should be to observe the strength of this daily line-level rebound. Secondly, if the price drops first in early February, perhaps the probability of a rebound in February will actually be greater. So even if it breaks key levels, one should not draw too effective conclusions, as the likelihood of a pullback in February still exists. Thirdly, if there are new lows next week but it rises afterward, in fact...
Summary:
1. Strategies and techniques for the long cycles of gold and silver.
2. Current fundamentals of gold and silver.
3. Why did the USD index crash and then surge? — The news side needs to be viewed in reverse.
4. U.S. government shutdown, Chinese New Year, and the metaphysical indicators of the new moon.
5. The core issue is whether 80600 is the bottom of a weekly line.
6. Historical phase one of bear markets.
Operations:
1. Bitcoin long positions are held, take profit at 98500.
2. ETH long positions are held, take profit at 3233.
3. SOL long positions are held, take profit at 143.6.
In fact, specific ideas have already been written in detail in the analysis; I would like to add a few more words here. If everyone has time, I still hope you can open the small chart to take a look, rather than just focusing on my operations. The small chart contains my relatively complete thoughts.
The current drop, even if it hits a lower low at the beginning of next week (Monday to Tuesday), I still believe it does not have continuity.
You can see that the Bollinger Bands on the weekly chart are still in a widely opened state. In this situation, I feel it is a bit excessive to continue a one-sided downward trend; the time is not sufficient. So it will probably be similar to the double top from December 24 to January 25, or the triple top from July 25 to October 25, where a relatively complex bottom structure forms, followed by a significant rebound before continuing a new weekly downtrend.
It should be noted that the occurrence of 97900 was in mid-January, a full month before the Spring Festival. I am not saying that I cannot accept the breaking of cyclical patterns, but it cannot be too outrageous. Even if it says mid-February, starting a new weekly downtrend before the Spring Festival would still be acceptable to me.
I thought carefully about it all night, and I feel that this week's weekly chart seems unable to determine how to operate; I need to observe for another week. This is primarily because 17 days have passed since the daily line drop starting from 97900, and it could end at any time and begin a daily line-level rebound. Therefore, the most important thing right now should be to observe the strength of this daily line-level rebound. Secondly, if the price drops first in early February, perhaps the probability of a rebound in February will actually be greater. So even if it breaks key levels, one should not draw too effective conclusions, as the likelihood of a pullback in February still exists. Thirdly, if there are new lows next week but it rises afterward, in fact...
