Bitcoin is the first exchange. Delay or delay?

【Technical analysis】

Bitcoin has been oscillating for 3 days on the K-line lot over the past few days and has not yet moved out of this range and has yet to maintain direction.

These obvious shock patterns ultimately choose a direction characteristic of Shock City. In terms of metrics and models, the effect of the increase is greater than the probability of the change. Now the daily average has passed the short term moving average and is back to its peak indicating that there is good support below. He didn't come down, so he had to come back. This 16th is also the first major inventory change identified in the pre-retirement article. Due to the sensitivity of the position, $ 12,448 could explode if you choose to go up.

The content can support this waste.

This is equivalent to replaying the head-to-shoulder pattern mentioned in yesterday's article with the state relay gain. Then, also speaking, there will be a third reminder shock to complete the whole process. As shown in Figure 1. If the market is in this lag-swing mode, the long-term stable position should be between $ 11,300 and $ 11,350, and the wait for this position should be long. Speaking of shorts, personally I haven't done it yet.

For 4 hours the situation was similar. You can increase the weight by walking on your own or by pulling more.