Looking at the market, both Bitcoin and Ethereum haven't yet completed their upward impulsive waves in the past two days. It seems that Bitcoin still needs to evolve into a triple zigzag correction, and only when it drops to the lower band of the daily KC can the decline stop.
The current situation is that only one last dip is needed to find the bottom, so there's no need to be too pessimistic. The Gann box indicates that January 6th is a turning point for a downward adjustment. By tomorrow, January 10th, which is the Gann time cycle turning point, I believe the correction has a high probability of being complete.
It's worth noting that tomorrow is Saturday, and market liquidity will be relatively low. Once the decline begins, it could potentially crash all the way down, so be cautious of this risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
11
Repost
Share
Comment
0/400
WalletDetective
· 01-12 04:27
Crash on Saturday? Then I might as well stay out of the market for now and wait until Monday.
View OriginalReply0
GasGuzzler
· 01-11 20:45
The last dip has bottomed out, it sounds too good to be true. Why do I still feel a bit hesitant?
View OriginalReply0
FancyResearchLab
· 01-11 08:25
Here comes the Gann + zigzag combo again; it should be theoretically feasible... right? Be cautious about the possibility of a dump tomorrow on Saturday. When liquidity is low, it's easiest to fall into traps.
View OriginalReply0
NewPumpamentals
· 01-10 16:42
Liquidity is poor on Saturday, directly hitting the bottom. This wave really requires watching the stop-loss.
View OriginalReply0
BackrowObserver
· 01-09 10:53
Smashing it on Saturday is so exciting, I choose to sleep in tomorrow.
View OriginalReply0
MevSandwich
· 01-09 10:51
The reminder about poor liquidity on Saturday is quite good; it can easily lead to a rapid decline.
View OriginalReply0
StakeHouseDirector
· 01-09 10:47
Oh no, crashing on Saturday? Should I keep lying flat or set a stop loss?
View OriginalReply0
BrokeBeans
· 01-09 10:45
Liquidity is poor tomorrow on Saturday, directly hitting the bottom, a bit uncertain.
View OriginalReply0
FlashLoanPrince
· 01-09 10:43
I'm scared of crashing on Saturday; poor liquidity can really cause a direct breakdown.
View OriginalReply0
GreenCandleCollector
· 01-09 10:40
Saturday's low liquidity is definitely something to watch out for; a big sell-off could leave no escape.
---
Gann time cycles sound quite professional, but honestly, I still find reading candlestick charts more reliable.
---
Is the last dip the bottom? Can we be sure? I feel like I've heard that many times before.
---
KC lower band is the only way to stop the bleeding, but that means more decline, which is a bit uncomfortable.
---
I'm worried about a sell-off tomorrow on Saturday; when liquidity is poor, it's easiest to get cut.
---
Triple zigzags sound complicated; anyway, I'll wait for a bottom signal before making any moves.
---
Hmm, I agree with the logic that one more dip is needed, but let's hope it's not a false bottom.
Looking at the market, both Bitcoin and Ethereum haven't yet completed their upward impulsive waves in the past two days. It seems that Bitcoin still needs to evolve into a triple zigzag correction, and only when it drops to the lower band of the daily KC can the decline stop.
The current situation is that only one last dip is needed to find the bottom, so there's no need to be too pessimistic. The Gann box indicates that January 6th is a turning point for a downward adjustment. By tomorrow, January 10th, which is the Gann time cycle turning point, I believe the correction has a high probability of being complete.
It's worth noting that tomorrow is Saturday, and market liquidity will be relatively low. Once the decline begins, it could potentially crash all the way down, so be cautious of this risk.