Click on the link to enter the meeting: https://meeting.tencent.com/p/5658778060
I don't know which ancient person said this sentence. Previously, I didn't really understand what this sentence meant, because in ordinary thinking, if it was the bottom, why wouldn't there be any rebound action?
But today I seem to feel a bit. My understanding is that if this position will form a temporary bottom, then the first action he can take is to build the bottom, rather than rashly rebound. If a suspected bottom appears, and the market initiates a rebound first, it is highly likely that the bottom will eventually break.
If my understanding is correct, under this premise, we need to pay attention to the detailed behavior of the current market at this position. We can see that in the current environment, the downward trend of the Big Dipper is more pronounced for the day line walking with both arms, while the adhesion of the ether at this position is clearer. However, neither of them showed a gradual stabilization or rebound at the daily level, but instead chose to carry out a consolidation pattern at the bottom.
It is worth noting that both currencies have a bottom line in the 4-hour level. The current bottoming out pattern has brought a wave of upward momentum, and we are currently trying to accumulate downward momentum in the future. We firmly believe that the effectiveness of the bottom line is worth noting, given its existence. However, at the current time point and market trend, we tend to see a further downward trend in prices.
This viewpoint is not contradictory, which means that there is a bottoming out and long signal at the 4-hour level. However, as for this entry trading, we currently need to grasp a more suitable point, and from the current situation, this point is not reasonable enough. We will continue our strategy of buying on dips today, but we need to wait for confirmation of the 4-hour retracement.
As of 12:00 noon, which is the time of publication of this article, we still need to wait temporarily. Of course, during tonight's live broadcast, if the overall market situation changes, we will try our best to provide trading advice on the microphone.
QQ group number: 894399961
QQ group link: https://qm.qq.com/q/wj8XaINQXK
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
