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
K3 break up the upper limit of a potential bullish triangle pattern under increased volume, It reversed the larger scale horizontal trend. So, I bought it at 8.06. If the following candles consolidate here for days, It is still a good place to increase long positions. The potential support at about 7.74-7.86. Long-8.06/Stop-7.5/Target-16 Long-7.86/Stop-7.5/Target-16
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...
K3 break up and close upon K2 under low supply pressure, It seems that the following candles will price up to test the resistance. I don’t think this is the start of another bull run, It is just a Wave(B) of a larger scale consolidation process. But during this process, Some other crypto tokens will do better.
K1 just break up the nearest highest price and the previous uptrend channel, Perhaps it is in an accelerating status. If the following candles consolidate here for days, It is still a potential good place to buy in. I think It is similar to XAU/USD and Copper/USD. They are in a status of long-term Bull Market. Long-31.1/Stop-30.6/Target-33.4
K1 and K2 is a bullish harami pattern, But K3 keeps at low volume level, It seems that the demand pressure sharply decreased here. So, it is likely that the bullish pattern couldn’t reverse the short-term downtrend. If K4 close below K2, It will be a potential good place to short it there. Sell-62188/Stop-63188/Target-57500 Sell-60430/Stop-61430/Target-53000
K1 is a bearish hang-man pattern, K2 verified it. So, it is very likely that another bear run had started from K2. The first 2-4 hours of the day is important. If the candles close below to verify the bearish downtrend, It will be a potential good place to short it here. Sell-61600/Stop-62600/Target-56000
K1 is a bullish up engulfing pattern, But it is not strong enough to start a new bull run. K2 failed to close upon the previous high price. It seems that K3 and K4 will test the potential support under low volume. If that is a fact, It will be a first potential good place to buy in. If the following candles(Perhaps at K5 or K6) breaking up the downtrend...
K3 verified that a strong bearish motive wave had started from K1. If K4 couldn’t close upon K3 to interrupt it. the risk will sharply increase, The following candles will likely breaking down the potential support. If K4 could close upon K3. It is still possible that it’s just a bullish large scale consolidation process here. Buy-59555/Stop-58555/Target-72000
From K1 to K3, it is a three soldiers stalled pattern, K3 close upon the downtrend line. The supply pressure is temporarily low here. If the following candles successfully retest the downtrend line, It will be a good place to buy in. Buy-63188/Stop-62188/Target-72000
K2 close below the neck line of a potential larger scale double top pattern. But, the volume is temporarily low here. If this situation continues, The short-term bear market couldn’t go far and even stop at 60K. If the following candles price up to retest the neck line or 0.382fib line with a sharply increasing volume, It will be a good place to sell it...
K3 tested the uptrend channel under decreased volume, It failed to breakdown the neck line of a potential double top pattern. So, it is possible that the bearish pattern had been reversed by the bullish hammer candle K3. After a three soldiers stalled pattern(from K1 to K3), A rebound is on the way. The first day of the week is important, If it break up the...
K1 and K2 is a strong bearish dark cloud cover pattern, If the following candles couldn’t close below K2 to verify the strong momentum. It will be a good place to buy here. If the following candles close upon the resistance, It is a second good place to buy in. K2 is also a potential right top of a large scale bearish double top pattern. If K3 rebound under...
It seems that BNB/BTC is trying to break up a bullish flag. The possibility is relatively low here. If K3 finally close upon the resistance, Another bull run will start here. If not, K3 will touch the resistance and fall back, And the horizontal trend will go on.
From K1 to K3, It is a bearish three soldiers stalled pattern. The sharply increased supply pressure also verified the resistance of the historic highest price area. It is likely that a month scale consolidation process from K3 will continue. So, if K4 price up to test the resistance of 2/1 Gann line, I will try to partly decrease my long positions.
Candles were trapped into a dead corner. It is likely that the following candles will choose a direction to price up or break down. If the following candles close upon the downtrend line, It will be a good place to buy in. If the following candles price up to test the downtrend line under sharply increased volume. It will be a good place to sell it...
After K1 breaking up the downtrend line, K2 tested it under sharply increased volume, The following candles verified that It was a successful test. A sharp rebound will likely price up to test 0.618-0.786fib area. Buy-2330/Stop-2325/Target-2370
K1 is a bullish hammer candle, K2 verified it, and it nearly break up K1. The supply pressure sharply decreased here. So, it is possible that the short-term downtrend will be reversed here. If the following candles fall back to test 0.5fib line under low volume, It will be a good place to buy in. Long-63000/Stop-62200/Target-70888 Short-70900/Stop-71800/Target-66000