Chart Pattern Analysis Of Bitcoin.
https://www.tradingview.com/x/p7E5EwuX/
K3 is a bullish spring candle,
If K4 close upon K3 to verify it.
It will be a good place to buy it here.
At least,
The previous strong bearish momentum had been interrupted here.
If the potential bear trend wants to expand.
The market needs more signals to verify it.
I don’t think another bear run had stated form K1,
It is just a larger scale consolidation,
And days later, the bull market will keep climbing up.
I bought back at K4,
Perhaps it is risky or too early to do it now.
K3 is a bullish spring candle,
If K4 close upon K3 to verify it.
It will be a good place to buy it here.
At least,
The previous strong bearish momentum had been interrupted here.
If the potential bear trend wants to expand.
The market needs more signals to verify it.
I don’t think another bear run had stated form K1,
It is just a larger scale consolidation,
And days later, the bull market will keep climbing up.
I bought back at K4,
Perhaps it is risky or too early to do it now.
Note
K4 failed to close upon K1 to start another bull run immediately.
It seems that the large scale consolidation had not ended yet.
If the following candles successfully retest the support or the neck line,
It will be a good place to buy it there.
If the following candle close upon K1 immediately,
It is also valuable to buy it there.
Note
K3 failed to close upon the resistance to start another bull run immediately.
It seems that the consolidation had not ended yet.
If the following candles failed to close below K3 or even close upon the resistance or K1.
It is still likely that another bull run starts here.
On the other hand,
If the following candles close below K1 or successfully retest the high price area of K1,
The short-term bear trend will expand.
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