jherryPowell

btc:Fall first and then rise

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jherryPowell Diupdate   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin fluctuated little yesterday, and the market is still in the recent downward trend. Although there was a rebound in the middle, the adjustment has not yet been in place, so today I am bearish and then consider going long with the support below.The Bitcoin operation recommends selling at 28900, with a stop loss of 29500, and a target of 27600~26600.



The adjustment of Bitcoin is based on the following points

1. Bitcoin is still far from the support below, and there may be a trend of falling back and touching the support in the short term.
2. According to the research and judgment of the wave trading system, the current three-wave adjustment pattern of C wave 2 has appeared, continue to wait for the last wave of decline to complete and then continue to be bullish.
3. The upper pressure is 30,000~31,000, and the lower support is 26,600~25,300.

The market fluctuates relatively quickly. In order to get the news in a timely manner, you can enter the following free channels.
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The overall expectation is similar to the trend
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