Crazylambboy

Bitcoin is likely to usher in a short-term rebound

Kort
BITSTAMP:BTCUSD   Bitcoin

Talented people do not necessarily have good opportunities; being underappreciated requires less lamentation and more reflection. There is no need to be impetuous in life; the more others look down on you; you have to calm down and examine your own objective conditions before you may find a way that suits your talents. If a person wants to achieve success in his own business, he will be unable to achieve anything if he has the shortcomings of frivolity and impatience; he needs a serious and down-to-earth style to do anything

Bitcoin pierced the bottom of the previous session yesterday and hit a new low. So far, the first phase of the decline has been completed, but it is still 400 points away from the key support of 21500, which is a flaw. At present, the probability of a rebound here is gradually increasing. Since the trend is still short, it is mainly to sell on rallies. Bitcoin operation recommends selling at 23600, risk control at 24200, target 21500~21400. Or drop to 21400 to buy, stop loss at 20900, target 23600.

Bitcoin bearishness is based on the following:
1. Although Bitcoin has fallen from a high level to near the previous platform, the general trend is still dominated by short positions.
2. According to my personal analysis, the five-wave rise of wave A has all ended, and the current fall of wave B a is close to the key point. If it stabilizes here, there may be a rebound of wave B b.
3. The upper pressure is 23500~24000, and the lower support is 21500~21400.

Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
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