Yiming's Trading Diary
All content in this article is personal opinion, for learning and communication only, not as a basis for investment. The risk is at your own.
The sudden acceleration of the decline has caused some panic. Most people are worried about the arrival of a bear market. Yiming's view is that the current decline is a second retracement, laying the foundation for the next stage of the rise.
Identify two signals
The structure of the monthly chart has not been broken, and the conditions for the upward trend still exist. This is the basis for us to hold spot positions.
Yesterday's pullback can be understood as a second retracement at the daily chart level. BTC retraced 50% of the previous uptrend, and ETH retraced 61.8% of the previous uptrend. Under the premise of the existence of a bullish trend, this retracement is also close to the end.
The market always emerges in despair. This kind of pullback is actually an opportunity for long-term spot positions.
For custody consultation, find Brother Ming on WeChat official account. This article is original by Yiming. For more information, you can follow the official account "Yiming's Trading Diary" to get the latest cryptocurrency information at the first time.
Message: Tea, after rolling, reveals its quality; People, after coming and going, reveal their hearts.
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