Bitcoin remains stagnant above 68000 points, with Trading Volume in an extremely shrinking state. There is not much difference between the weekend market and expectations. Whether long or short, without a proper plan and arrangement, it is difficult to achieve a good outcome. When it rises, go short; when it falls, go long. Following a subjective approach easily leads to doubting one's life. What we need to do is to follow. The weekend's short-term fluctuations are still not significant, continuing the bearish trend from Friday. After the doji, the slight continuation is relatively normal. Structurally, it is still in a downward oscillation rhythm. The magnitude of this retracement cannot be seen as a corrective pattern after breaking the low, but rather a continuation. Although the unilateral volume is not selective, the pressure is clear. Looking at the structure alone, there is still room for adjustment below, and it remains to be seen where stability can be found. The retracement space in this position can be large or small, depending on the transformation of the pattern!
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Janith_Dilshan
· 2024-10-20 12:01
Bitcoin remains stagnant above 68000 points, with Trading Volume in an extremely shrinking state. There is not much difference between the weekend market and expectations. Whether long or short, without a proper plan and arrangement, it is difficult to
Bitcoin remains stagnant above 68000 points, with Trading Volume in an extremely shrinking state. There is not much difference between the weekend market and expectations. Whether long or short, without a proper plan and arrangement, it is difficult to achieve a good outcome. When it rises, go short; when it falls, go long. Following a subjective approach easily leads to doubting one's life. What we need to do is to follow. The weekend's short-term fluctuations are still not significant, continuing the bearish trend from Friday. After the doji, the slight continuation is relatively normal. Structurally, it is still in a downward oscillation rhythm. The magnitude of this retracement cannot be seen as a corrective pattern after breaking the low, but rather a continuation. Although the unilateral volume is not selective, the pressure is clear. Looking at the structure alone, there is still room for adjustment below, and it remains to be seen where stability can be found. The retracement space in this position can be large or small, depending on the transformation of the pattern!