Chart Pattern Analysis Of BTC.D
In week Chart,
K2 close upon the neck line of a potential bullish head-shoulder pattern.
The supply or demand pressure keeps at high level.
The larger scale horizontal trend still has its power to pull back the price.
If the high supply pressure candle K1 want to reverse the bullish market,
K2 must close below the support immediately.
It seems that the following candles will consolidate here for weeks.
It is not easy to take more money on other crypto tokens.
The ultimate price target of the bull market is about 60%.
A final upthrust wave will likely take the price there.
Commentaire:
It seems to be a consolidation here,
If the supply pressure of K3 couldn’t sharply increase here,
The following candles will still keep pricing up.
But, it is very likely the last bull run of the long-term bull market.
And after that,the Alts Season will finally come.
It seems to be a consolidation here,
If the supply pressure of K3 couldn’t sharply increase here,
The following candles will still keep pricing up.
But, it is very likely the last bull run of the long-term bull market.
And after that,the Alts Season will finally come.
Commentaire:
After a 8-12 months consolidation,
K3 is testing the uptrend line for a second time,
K4 will choose a direction to terminate the horizontal trend.
I think it is very likely that K4 will break up if K3 is a successfully test.
I am preparing for this and try to hold more BTC and the relevant coins.
If K3 close below K2 or the line,
The risk will sharply increase,
I will choose to embrace ETH Ecosystem.
After a 8-12 months consolidation,
K3 is testing the uptrend line for a second time,
K4 will choose a direction to terminate the horizontal trend.
I think it is very likely that K4 will break up if K3 is a successfully test.
I am preparing for this and try to hold more BTC and the relevant coins.
If K3 close below K2 or the line,
The risk will sharply increase,
I will choose to embrace ETH Ecosystem.
Commentaire:
K3 is a threatening bearish candle under low volume,
It seems that the demand had disappeared.
But, it must be verified by itself and the following candles.
K3 or K4 must keep the bearish momentum and break down K1,
If not,
The bear market will not be established easily.
K3 is a threatening bearish candle under low volume,
It seems that the demand had disappeared.
But, it must be verified by itself and the following candles.
K3 or K4 must keep the bearish momentum and break down K1,
If not,
The bear market will not be established easily.
Commentaire:
K1 and K2 is a strong bearish engulfing pattern,
It closed below the uptrend line under increased volume.
It seems that the bear market had started earlier.
But it must be verified by the following candles.
The demands are increasing too.
If K3 return back upon the neck line,
Another bull run will likely start here immediately.
K1 and K2 is a strong bearish engulfing pattern,
It closed below the uptrend line under increased volume.
It seems that the bear market had started earlier.
But it must be verified by the following candles.
The demands are increasing too.
If K3 return back upon the neck line,
Another bull run will likely start here immediately.
In Day-time chart,
It is a potential bullish wedge pattern,
It is a first test to the previous week scale uptrend triangle pattern.
The volume keeps dropping.
Perhaps, there will be a second test weeks later.
But before that,
A rebound is expected to test the upper price area of 56.5% area.
Long-55.24%/Stop-55%/Target-56%
Short-56.55%/Stop-56.88%/Target-55%