The entire market is at an 20% discount, and BTC shockingly plummeted by 11% in just 5 minutes at 5 am, while ETH suffered a brutal liquidation of 400 million CNY.
But did you know? Traders have been using the super simple 8-hour cycle + MA40 strategy, which already signaled a downtrend 2 days ago.
Why choose 8 hours + MA40?
The K-line cycle for BTC is set at 8 hours, with the MA parameter set at 40. This may seem simple, but its effectiveness is anything but.
When the price crosses above the MA40 and holds, the market is likely to continue rising;
When the price crosses below the MA40 and holds, the market is likely to continue falling;
The 8-hour + MA40 currently accurately predicts the start of the uptrend and the pullback of this round of market trends.
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