Don't say anything about risk aversion, 3 days the divergence re

8 Jan 2020

Bitcoin these two days, many people find logic, say what to avoid the need for, this we have said too many times before, for the formal institutions is impossible, and the volume is not able to tolerate. But if anyone thinks they're buying bitcoin safe- from-risk, there must be someone buying a few water tanks of soy sauce and vinegar when China's high inflation in the 1980s is there. But you can't just say soy sauce and vinegar are hard currency and can preserve value.
As for the bitcoin rally, I gave a hint a month ago, so the two-day rally was not my surprise. But for how much room for rebound, to be honest, I didn't see it. I've given two rebound targets before, $8,100 ± $100, and $9,100 ± $100. At present, the first goal reached, for the $6,400 copy of the bottom of the people, should be very satisfied, not only got A Christmas gifts, even the Spring Festival red envelopes have.
Whether it's $9,100 next, don't really care.
We look at the daily line, there is obvious pressure, ma144 and the gold line overlay, so that the rebound is blocked. I have a detailed description of this rebound in my 2020 forecast, but I don't think the rebound will be achieved very quickly unless it is a reversal of the market. So before forming a week macd gold fork, we temporarily maintain the rebound judgment, then these two days will be a volatile trend, unless continue to break through $9,200, there is no reason to be overly optimistic. Keeping a piece of caution doesn't always cost you money, let alone a profitable situation.
Recommendation: Keep the bottom position, set the stop loss, and fall below the exit.