trending cryptocurrency 2021 snippets

First, in terms of time relationship, tomorrow will be the 13th trading day from the low point to the high point (assuming the high point occurs in the intraday trading tomorrow). 13 is a typical Fibonacci dial number. On the 13th day, it is easy to produce the inflection point. Moreover, we can find that the last downtrend band took 14 trading days to reach the low point. According to the symmetry theory, the current uptrend band will probably take 13~14 trading days to reach the top of the stage.From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.Back to the topic, why do you judge this? Three specific reasons:

Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.Therefore, based on the above analysis, I personally think that it is more likely that the Shanghai Composite Index will rise and fall tomorrow. So how will A shares go tomorrow? Please have a look at the hand-drawn forecast chart about tomorrow's trend.

Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.From the above picture, you can see three pressure lines: red, blue and black. These three pressure lines basically form a relatively dense resultant pressure zone at the current position. Therefore, it is actually more difficult for the index to attack upwards tomorrow.Of course, I have to say that in the last two trading days, my prediction has been severely hit in the face by the market. And the market has been very strong recently. From a technical point of view, when there is a great probability of falling, the market abruptly pulls two positive lines. So my point of view is not necessarily correct. It only represents my personal shallow thinking about the market. Does not represent any investment advice.