Short

Updated

Considering further decline

I also considered Head & Shoulders and Three Drive.
However, the upward closing was stronger than expected. This means that further declines are expected.

Note

I respect the opinions of traders who support the bullish trend.
However, in my personal opinion, I think it will fall further.
You can imagine a lot between H&S and C&H, but I focus more on volume.

Note

Beware of short-term upside.

1) We believe that there is still a significant decline overall.

2) If H&S (Head and Shoulder) is formed due to a short-term rebound, there is a high possibility that alts will pump due to the influence of beats moving sideways.

3) I think an important point is to make sure the H&S is off the right shoulder.

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Outperform has been confirmed

Let’s check if it’s supported now

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1)The support was faster than I thought.

2)Let's judge by the upward impulse.

3)short position seems sufficient to organize during adjustment, and it seems that H&S and C&H need to consider it a little more.

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1) We have created a space for organizing short positions, and we are trying to build judgment on short-term upside rather than insisting on short positions.

1) We try to maintain the overall framework in the event of a major decline. However, finding the starting point of the decline is an important trading section.

3) It is judged that it is important to identify it as a rising impulse and confirm the impulse end point. However, once it ends, the pattern is an upward trend again, so I have to be cautious.

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1) It is a rising wedge built from Hescholl’s shoulder. It is important to check the strength.

2) For traders who are worried about a big decline, this is the final confirmation section.

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Hescholl’s shoulder(error) > Head and Shoulders

Note

1) In the last confirmation section, adjustments were made to low intensity and the wave was completed.

2) From now on, it is wiser to trade with an upward trend in mind rather than a downward trend.

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It seems that there are many traders who are happy and many who are sad. I honestly expected that the upward trend would form a slight downward correction and then rise. So I did not make a profit due to stop loss.

I now want to check the end point of the rise. That image is my current thoughts on that end point.

Note

The fact that the Black Lock Spot Bitcoin ETF (IBTC) has posted a ticker on DTCC (roughly an institution that acts as insurance and records for products) means that Black Lock is providing actual fund management and management for the Spot Bitcoin ETF (IBTC) that it is reviewing. This can be interpreted as an indication that preparations for product operation are in progress, suggesting that the necessary infrastructure preparations are actually being made. Of course, it is a positive signal, and since Black Lock has a history and a lot of product launch experience, it can also be seen as an expression of confidence.

Currently in the pre-launch stage, it appears to be in the stage of securing top investors, and charts are being drawn with a significant positive impact from the DTCC ticker, but I would like you to remember that Black Lock is a large investment company. Although work will be done to increase the value of the product, it is thought that work will be done to “maximize profits.” My concern about decline is the basis for “maximizing profits.”

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Tether dominance is preparing for a rebound. Then, there is a high possibility that the beat will break 5 waves, so you should prepare for a correction.

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In the previous update post, "Black Lock" should be changed to "Black Rock". I am mistaken.

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Even if the expected rise in Tether dominance is set low, it exceeds 8%. And tether dominance goes opposite to the beat. Intersection points with bit blanks are also confirmed. There is a need to prepare for a major decline through technical judgment rather than creating fear.

Note

1) The 5th wave break was mentioned in the previous update.

2) However, additional volume is coming in and building an upward pattern.

3) The possibility of completing 5 waves must be kept in mind.

I think the section difficulty is high.

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5 wave break! Expanded Flat!

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Tether dominance is unusual. Please note that there is a possibility that this will directly lead to further rise on the X-axis.

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um..Whichever you go for, short comes first. Next is long.

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symetric.

Let's go up!

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The bit upward force is weaker than expected. And Tether Dominance is preparing ''Golden Cross''.

Then, of course, you need to manage risk. There is no need to risk your life in a dangerous section.

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1) As feared, the rise was weak. (adjusting)

2) The intensity of adjustment is an important point

3) Weakness in the strength of the adjustment is expected to be confirmed at the 33.5 level (in the event of a squeeze, we believe there is a high possibility of an immediate recovery to the extent of the squeeze range)

4) If you check Bitcoin on the premise of Nasdaq's upward impulse, the downward adjustment that follows the returning upward trend will never be weak.

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Due to the sideways trend, the starting price range for an upward trend is higher than previously thought, and it is necessary to confirm further rise after adjusting by a little more than 2%.

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This is the location I checked. From now on, short positions are wise.

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It's coming down well.
You can plan to secure profits with peace of mind.

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1) A-abc structure c about 35.5
Check out A’s diamond pattern

2) Create B-abc while moving sideways and pump unpopular coins.

3) Lower endpoint than C-abc configuration A (intensity to be confirmed later)

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1) Eth traction is strong

2) The lateral rise in section B is within the judgment range.

3) I believe it will eventually fall to C.

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I think I got into C. What's important here is
I'm thinking of going with expanded flat, but it's wise to keep checking the volume making flat/running cases a variable.

If you are 100% confident about the market, you will lose money. You lose your flow and react to volatility. Then there was no loss.

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The sideways trend is getting longer. There is potential to create additional upside right away with a running flat.
It is safe to prepare for the rise.

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Although the rise was weak, it was an increase and adjustment that contained a lot of meaning.

It is a combined 12 sections. You have to be careful.

At the intersection of running and expanded I'm thinking higher about the possibility of expanded.

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It holds up well. I think today, if I check “Only the last confirmed section,” the whole day will pass.

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The difficult section is over.

1) C is being formed from ABC. (flat estimate)

2) After C forms the 5th wave, it is judged to be an upward trend once again. (Check for the creation of a double bottom at the ending point)

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A one-day correction has occurred and this is the section where we need to prepare for an uptick again. Let's manage your position.

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If the picture completes the downward impulse with a squeeze, it is right to consider WXY risk. I plan to accumulate long positions from now on, even if I raise it to 4 and lower it to 5 again. However, I am not sure whether the position will provide a profit exceeding 37K. This is because if you go to WXY, it can be interpreted as meaning that you will create another boring section.

Note

In the current section, the 4-hour RSI is thought to play an important role.
If the price range does not rise high in the X-estimated section in the likely WXY section, but the RSI rises significantly, it is wise to consider the WXY confirmation and further decline Y.

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I posted a Nasdaq chart on November 4th. Right now, we are following the inferred trend, and although there is a resistance point, the probability of further rise is high.

I think Bitcoin will follow a similar trend.

Note

The wxy risk is over.

The picture below is the Ethereum chart. A very large ascending formation is forming.

The picture below is a Bitcoin chart.

Wave 3 is in progress. This is called a double zigzag and is a wave pattern that appears in a very strong upward trend.

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