Bitcoin below the 20,000 mark, and to test faith?

19 Jun 2022

Weekend, was originally a boring chicken rib moment, but bitcoin did not follow the normal this time, since Saturday, from the Binance perpetual contract added position, has felt that there is a big thing to happen.Over the past few trading days, although the market has been bullish, many people think this is the bottom.But technically, we don't see the long signals. After the bottom of the deviation appeared, can not receive the Yang line, I feel uneasy, repeatedly remind friends, do not left trading, must wait for macd gold fork, break through the average to enter the market.And this Yang line did not wait, but is constantly rush high fall. On Friday, I was still reminding you not to ignore the risks, because in 2018, like now, after falling below $6,000, it was a serious loss. In a highly leveraged market, extreme trends are frequent, so don't look at the market with a conventional mindset. So now that $20,000 has broken, many people are getting confused again.But if you look at the cme gap, you know that the $18,000 covers the gap in December 2020 (the purple line is the last rise), I've written many times before about the cme gap theory, which still works. According to the theory, the gap back, should form support, and the current line macd although bottom deviation disappeared, but if the cme opened on Monday, form a jump gap, that is the short-term third gap (yellow line for the gap), has the possibility of exhaustion, so even if the bottom deviation disappeared, does not mean that there will be no rebound. As for the gap below $10,000 in July 2020, I don't think it should be covered in this round of adjustment.It may even fail to compensate. This is a short-term view, for your reference, from the medium and long term, we look at the chart below, this is the bitcoin spot monthly line trend, if the wave theory is effective, then the market should have completed a standard big bull market, and then enter the abc adjustment cycle.Now, it's most likely to be wave A, and then there may be a big b-wave rebound, so much so that we think the bull market resumes.But the bull market, or b wave rebound, only come out to know. Or is the phrase, the prediction, a speculation based on history, not the condition of the transaction.Trading, there need to be standards, and this standard, you can set by yourself, you can also refer to my: macd + ma, a seemingly ordinary, but a very practical tool.