ma18-week line will be the dividing line between long and shor

17 thg 9, 2019

For the past 4 weeks, bitcoin has been holding on to the ma18 line, which is currently at $10066. However, it seems that this support is weakening, as the current price is around 10258 and the high volume of transactions is at $10358.

We look at the rebound from the beginning of the year, running 27 cycles, starting in July to adjust the cycle, running 13 cycles, according to the time of adjustment, is enough, but the bulls did not break the suppression of the downward trend line, indicating that the market does not have enough funds to support the upward break. The next question is how the bulls can hold the ma18.

Because ma18 here and trend of more and more close to the edge Angle, a breakthrough is the inevitable choice, as for the direction, actually cannot foresee now, after all this market too many unpredictable risks, like Saudi Arabia's oil fields in a terrorist attack at the weekend, lead to soaring oil prices, as we don't know digital currency market what will happen next second. So instead of predicting the direction, set your strategy and wait.

strategy

Spot + hedging needs to break through the trend-line pressure to lift the hedging, which is currently around $10480; The downward ma18 line is around $10066. These two positions, which we should pay close attention to, can also serve as targets of the plan delegation.