On the future trend and current situation of bitcoin

9 Apr 2019

In December 2018, when the market was in a panic, many big vs jumped out and shouted that bitcoin was going to zero, digital currency was the biggest ponzi scheme. I remember that in my community at that time, there was also a flood of pessimism, and a lot of people started to panic and started to waver. I wrote many articles and elaborated on different platforms, trying to prove through technology that the market was not as terrible as people thought.

https://cn.tradingview.com/chart/BTCUSD/ESIyH0xp/ [/ url] https://cn.tradingview.com/chart/XBTUSD/hRWScrFo/ Later, when the bottom of $3,200 was reached in 2018, I also gave my prediction of the trend. At that time, I thought it would be an ABC trend, which was similar to the situation in August, 2018. https://cn.tradingview.com/chart/BTCUSD/mKyR0EQ4/ I understand that the market lacks the support of fundamentals, so funds are very cautious, and the collection work after chips are dispersed is much more difficult than other financial products. Therefore, I judged that it would be a slow promotion, but I still neglected the monkey nature of bitcoin. Therefore, when it broke through $4,200, I did not expect that it would be completed in one step. If it can be completed within 1-2 weeks, maybe I will participate in it, but this is a later story. https://cn.tradingview.com/chart/BTCUSD/oFaKckss/ Now let's look at market movements, from the data, the inflow of more than $400 capital, now the money is not in a hurry to leave, but in a few mainstream currency between hype (because it can't show the chart, pictures about these data, the golden financial column figure poor coin I see there are updates, interested can look at). But the money is obviously not what investors call it, so it's worth paying attention to where they go after the hype, and once the money leaves, the damage is huge. At present, I can't judge the completed foundation here from the shape. It needs to be confirmed again. https://cn.tradingview.com/chart/BTCUSD/VrW3t9TB/ So short-term risks are rising. The current bitcoin trend, like a high favorite pick pulley, know sooner or later will be smashed to death, just see can pick a few more. If I am allowed to enter the market again, I will wait for this adjustment to be completed before making a decision.