https://www.tradingview.com/x/vwqyCHAG/
On Daily Chart,
Supply pressure keep decreasing,
It is a good signal for the bull market.
It seems that the following candles will keep climbing up to test 100K area or even break up it.
On the 4H Chart,
From K2 to K4,
It is a strong bullish morning star pattern.
It seems that the short-term consolidation had ended.
If the following candles close upon K1 or successfully retest the ice line,
It will be a good place to buy then.
Long-94K/Stop-93K/Target-134K
Long-98K/Stop-97K/Target-106K
On Daily Chart,
Supply pressure keep decreasing,
It is a good signal for the bull market.
It seems that the following candles will keep climbing up to test 100K area or even break up it.
On the 4H Chart,
From K2 to K4,
It is a strong bullish morning star pattern.
It seems that the short-term consolidation had ended.
If the following candles close upon K1 or successfully retest the ice line,
It will be a good place to buy then.
Long-94K/Stop-93K/Target-134K
Long-98K/Stop-97K/Target-106K
Trade active
From K2 to K4,
It is a bullish three soldiers advancing pattern under increasing demands.
It is very likely that a motive wave(5) of the three years’ bull market is on the way.
The potential target is about 150K at the end of February of the next year.
I will try to get out of the market there.
At the same time,
K4 is also an over-buying candle.
It is also likely that the market will consolidate around 100K area for two or more weeks.
During this process,
I will always keep at least 80% off all my long positions in the market.
The potential support at about 80-92K,
I will try to buy it there.
Long-92K/Stop-91K/Target-146K
Note
From K1 to K3,
It is a bullish three soldiers stalled pattern under increasing demands.
And then, a bearish harami pattern of K3 and K4 interrupted the bullish momentum.
I am expecting a consolidation here.
During this process,
I will always keep at least 80% off all my long positions in the market.
The potential support at about 85-92K,
I will try to buy it there.
Long-88.5K/Stop-87.5K/Target-146K
Note
From K1 to K3,
It is a potential three soldiers advancing pattern.
It seems that K3 will break up 106K or even touch 110K.
I will cut off all my leveraged positions here.
And, I will always hold at least 80% of all my long positions till the end of February of next year.
I still think the market will consolidate around 100K area for a longer time.
If the following candles successfully fall back to test 90K area,
It is still valuable to buy then.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.