Chart Pattern Analysis Of Bitcoin
K3 break up the downtrend line under increased volume,
It reversed the short-term downtrend.
So, I bought back at 66400.
If the following candles consolidate here for days,
It will be a good place to increase long positions.
The potential support at about 65K.
Long-65250/Stop-64000/Target-72000
Long-66400/Stop-64000/Target-72000
Bình luận:
K2 break up the neckline of a potential bullish head-shoulder,
If the following candle consolidate here or successfully retest the neck line,
It is still a good place to buy in.
There are two good news to the crypto market.
The interest rate of USD will possibly decrease in the next season,
And the ETF of ETH/USD will be likely be approved by SEC.
I think it is very likely that some other crypto tokes will do better than BTC at the following bull run.
K2 break up the neckline of a potential bullish head-shoulder,
If the following candle consolidate here or successfully retest the neck line,
It is still a good place to buy in.
There are two good news to the crypto market.
The interest rate of USD will possibly decrease in the next season,
And the ETF of ETH/USD will be likely be approved by SEC.
I think it is very likely that some other crypto tokes will do better than BTC at the following bull run.
Bình luận:
K2 verified that the supply pressure at the resistance is still too high.
K2 is not a successful test to the neck line.
If the following candles close below the neck line or K2,
The risk will increase.
If the following candles couldn’t close upon the resistance,
The risk will also increase.
It is also likely a consolidation had started from K2,
If the following candles successfully test the neck line,
It will be a good place to buy in.
If not,
It is still possible that the following candles drop to test the 0.5fib area.
K2 verified that the supply pressure at the resistance is still too high.
K2 is not a successful test to the neck line.
If the following candles close below the neck line or K2,
The risk will increase.
If the following candles couldn’t close upon the resistance,
The risk will also increase.
It is also likely a consolidation had started from K2,
If the following candles successfully test the neck line,
It will be a good place to buy in.
If not,
It is still possible that the following candles drop to test the 0.5fib area.
Bình luận:
From K2 to K3,
The supply or demand pressure sharply decreased.
A rebound of K4 is expected.
If K4 close upon K3 or K2 immediately,
That will be a strong signal of another bull run.
But, there is also a bad signals here,
K3 closed below k2,
If K4 return back into the neck line,
The risk will sharply increase.
From K2 to K3,
The supply or demand pressure sharply decreased.
A rebound of K4 is expected.
If K4 close upon K3 or K2 immediately,
That will be a strong signal of another bull run.
But, there is also a bad signals here,
K3 closed below k2,
If K4 return back into the neck line,
The risk will sharply increase.
After K0 break up the neck line,
It seems to be a consolidation here.
If the following candle close below the neck line,
The risk will increase.
If not,
The following candles will price up to test the resistance.