#ETH has the probability of forming an M decline pattern | SJ Crypto on Binance Square

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#ETH has the probability of forming an M decline pattern

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$BTC Trend No Longer Continues, Down Expectations Magnify! From the point of view of the K-line form, the current BTC hourly K-line has no longer continued to maintain an upward trend, and has gradually begun to have downward signs. Especially in the previous upward trend, the actual long and short game is more intense, the upper and lower shadow lines are very much With indicators MACD also shows that will be dead fork, is currently in the multi-confirmed callback state, in the small cycle has begun to turn the head down Initial callback support looks at two integers: 43000 & 42500

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The $DOT , which is all the way up by the inscription market, may have to enter a pullback briefly. Remember a word: The correction is for a better healthy rise, because in the short term the gainers want to clear their profits and leave, which is the root cause of a correction during an uptrend. If the market directly rise without callback, can only prove that market sentiment is very fomo or even overheating, this market once a callback, amplitude modulation depth will be very large. Obviously, the current $DOT staged callback is more in line with market expectations, the initial callback support price ah 7.9-8 range

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The overall performance of $ETH is weaker than $BTC , and if the subsequent breakthrough fails, where will the price go? At the moment ETH is again at the key resistance price 2250, which has been hit several times recently, but even if the impact is successful, there is a stronger resistance pattern above it. Prior to the emergence of the 15th approximate "M" top short form, the resistance is not small Based on the trend line, if this can not break through the success, the price back to the lower edge of the trend line or a relatively strong expectation, price: 2180 In fact, the conservative point does not need to guess the direction, pay attention to the current $ETH change will know, but even if the breakthrough, I do not recommend doing long, this range to beat it down the certainty is higher than to do long #BinanceTournament

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$BTC may not be able to stand at the price of 44000 😤 A quick pullback may occur in a small cycle, because the resistance to the uptrend is very large whenever the price of an integer is encountered, which is determined by the market consensus and the historical price of the past. Indicators are not very fast response, only know that the 5-minute cycle of MACD indicators have begun to turn down the head If you choose to trade at this time, pay attention to the position size, this is a trade to the left, below the first support price at 43650 #BinanceTournament

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$BTC has reached the support range given before, this position has no value for money This is the middle position I mentioned earlier: the price distance from the next support and resistance is about the same, and the profit / loss ratio is infinitely closer to 1: 1. At present, the indicators are still in the normal range, there is no other exception, the volume has not shrunk, etc., temporarily remain on the sidelines #BinanceTournament

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