On May 10, 2024, Bitcoin fell back to 59600. The support cannot be broken. Is it expected to form a head and shoulders bottom?

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The Bitcoin market changes in real time. What we can do is to analyze the next trend with a higher probability based on the current structure, so as to make a trading plan with an appropriate profit and loss ratio. Generally, there are top and bottom structures (double bottom, triangle, head and shoulders bottom, Arc bottom, V bottom) are easy for retail investors to identify and have a high probability of getting out of the band. The pursuit of grabbing the band is the core password for continuously and stably outperforming the market.
Summary of my 8 years of Bitcoin trading experience: superstitious analysis, blindly following operations, firm belief, and high-power stud will surely lead to financial freedom as soon as possible! I wish all my friends who follow me good luck!

[About analysis timeline]
1H corresponds to a 1-3 day cycle, and the band corresponds to a range of about $2,000.
4H corresponds to the 7-20 day cycle, and the band corresponds to the range of about $5,000.
The daily line corresponds to the 20-2 month cycle, and the band corresponds to the range of about $10,000.
The weekly line corresponds to a 3-6 month cycle, and the band corresponds to a range of about $30,000.

[About analyzing common indicators]
1. Cloud chart (Ichimoku), default parameters, commonly used leading band A, leading band B, use this indicator to determine the corresponding level of the top and bottom structure, and the trend direction. This indicator is the main reference. In addition to searching for free indicators on Youtube To explain, we also have advanced paid course study guidance.
2. MACD, the default parameter, is often used to judge divergence and is an auxiliary reference.
3. Trading volume is often used to judge the strength of the end of the trend as an auxiliary reference.




All comments in the video and this article do not constitute any investment advice! For learning and exchange purposes only.
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