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legend1234
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Let the index and Bitcoin go bearish
There are three stages to judging the top
1. Slightly breaking a new high then immediately falling back
At this point, you can suspect a possible bear market
But it’s only suspicion, the probability of a bear market is about 30%
2. Suddenly breaking short-term support with high volume
At this point, the probability of a bear market or correction rises significantly
I believ
猪肉荣
Let the index and Bitcoin go bearish
There are three stages to judging the top
1. Slightly breaking a new high then immediately falling back
At this point, you can suspect a possible bear market
But it’s only suspicion, the probability of a bear market is about 30%
2. Suddenly breaking short-term support with high volume
At this point, the probability of a bear market or correction rises significantly
I believe it has exceeded 60%
3. Dow Theory perspective
Breaking a significant long-term low with high volume
The probability of a bear market has exceeded 90%
At the same time, it must be combined with
1. RSI weekly-level divergence
2. The index has risen for a long time and risen a lot
3. Volume has expanded before then contracted
Notes:
High volume: a financial term referring to a significant increase in trading volume;
RSI: Relative Strength Index;
Weekly level: candlestick chart with a one-week unit;
Divergence: price and indicator trends are inconsistent, a common top warning signal.
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