The Direction of Bitcoin in Q4 pour BINANCE:BTCUSDT par GOny_Stark

The Direction of Bitcoin in Q4

Following the old idea, I updated the idea because I needed a bigger picture.

In the white box section, bitcoin is likely to stay for a long time due to the period.

If there is a change, I will comment below.

Transaction en cours

Followed by the last comment of the previous idea.

Trade fermée manuellement

If bitcoin is resisted in the $12,200 area, there will be a big drop. Therefore, be aware of the variability in this regard.

Transaction en cours

I think there are three possibilities.

1) Bitcoin comes down to $11,600 against $12,200 resistance.

2) After the correction wave in the white box section, the $12,200 section will be strongly pierced.

3) Including the above two cases, $11,100 should not be broken if the upward trend continues.

Note

The short-term support resistance is as follows:

Transaction en cours

With the progress of the first plan, support and resistance are recalculated based on the home position.

Note

Bitcoin can go higher if it is supported on the white line. Low points may be renewed if support fails.

Note

Bitcoin is a form of resistance from the white line and supported by the green and blue lines, and it is highly likely to touch blue in terms of movement.

Transaction en cours

Sells all long positions.

Note

There was a rebound near the blue line, but I think this is a technical rally rather than a sign of buying. I analyzed the overall market flow.

Note

Although bitcoin flow is quite twisted, it is a rounding top that accompanies volume as the neckline collapses.

Note

Depending on the shape of Rounding Top, you should consider when each neckline collapses to the next neckline.

And the neckline is as follows:

Note

It needs support from about $12,100 in order to turn upward again.

Note

The short-term support resistance is as follows:

Note

I won't buy long position until the tide turns.

Transaction en cours

I think it was a meaningful drop. It is necessary to check if bitcoin does not fall off after passing through the white line.

Note

Bitcoin fell below the white line.

Note

Bitcoin was supported by the white line after being resisted at the orange line, and has since been supported by the week candle. If the results are correct, it is likely to reach $13,000.

Transaction en cours

Correction Wave is end

Trade fermée: ordre d’arrêt atteint

Note

Transaction en cours

The flow of currency is unusual. You'd better watch out for a sharp fall.

Note

The position is reconstructed based on the movement so far.

Note

Breaking the purple line increases the likelihood of a sharp drop.

Trade fermée: cible de profit atteinte

Transaction en cours

Note

Avoid hasty position changes.
It's still in progress.

Note

Transaction en cours

I'll replace it with this by the end of the year.

Note

If Bitcoin deviates above $12,900 or below $8,700, it will go straight in that direction.

Note

short-term

Transaction en cours

Note

As mentioned on October 18th, it reached a high of $12,900 and sold all long positions and spot items.

Now it can fall anytime.

Transaction en cours

I think the funds will be distributed to altcoins by the end of the year unless there is anything special.

Note

Trade fermée: cible de profit atteinte

GOny_Stark

Publications connexes

The Direction of Bitcoin in Q3

par GOny_Stark

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