[09/29] Beast Trading _ Today's Bitcoin Analysis
After a sharp drop from the night of the 27th, there are more ups and downs than expected.
In the case of a normal adjustment wave, it is often returned to 0.382 / 0.5 / 0.618 of the trend wave and then proceeded to the trend again.
The black square section is considered to be a downward impulse wave. After the fall impulse wave ended, it returned nearly 0.618 of the fall.
*The reason for viewing the black section as a falling impulse was because a very strong transaction volume occurred in the part predicted to be 3 waves, and the falling angle was also very steep.
There are two probability scenarios that are shown on the current basis.
1. 19.8k was the high point, and when it was slightly lowered after being hit by resistance near Fibonacci 0.618, the upward reversal ended. Now it will go down to a downward impulse. (Blue Path)
19.8k is not yet a high point, but there is one more high point renewal left. It will slightly renew its 19.8k high and start a downward impulse.
(Purple Path)
Not both of these, but we also have to be prepared for a rise
The position where the black interval drop-pulse view is discarded is 20.4k.
If you break through 20.4k, there is a high possibility of an additional increase. The downward impulse perspective is also discarded.
Until 20.4k, I would like to recommend short positions, and if you pierce it, you should report the situation and respond flexibly!
The market is very difficult these days, so let's make good results with flexible responses :)
These days, I feel that the intestines have more fakes and the difficulty has increased a lot.
As waves emerge differently than before, many people are having difficulty predicting.
The more this type of market is, the more we need to focus on responding.
Be sure to think that your predictions may be wrong when trading, and think about how you will respond if the predictions and charts flow differently. :)
After a sharp drop from the night of the 27th, there are more ups and downs than expected.
In the case of a normal adjustment wave, it is often returned to 0.382 / 0.5 / 0.618 of the trend wave and then proceeded to the trend again.
The black square section is considered to be a downward impulse wave. After the fall impulse wave ended, it returned nearly 0.618 of the fall.
*The reason for viewing the black section as a falling impulse was because a very strong transaction volume occurred in the part predicted to be 3 waves, and the falling angle was also very steep.
There are two probability scenarios that are shown on the current basis.
1. 19.8k was the high point, and when it was slightly lowered after being hit by resistance near Fibonacci 0.618, the upward reversal ended. Now it will go down to a downward impulse. (Blue Path)
19.8k is not yet a high point, but there is one more high point renewal left. It will slightly renew its 19.8k high and start a downward impulse.
(Purple Path)
Not both of these, but we also have to be prepared for a rise
The position where the black interval drop-pulse view is discarded is 20.4k.
If you break through 20.4k, there is a high possibility of an additional increase. The downward impulse perspective is also discarded.
Until 20.4k, I would like to recommend short positions, and if you pierce it, you should report the situation and respond flexibly!
The market is very difficult these days, so let's make good results with flexible responses :)
These days, I feel that the intestines have more fakes and the difficulty has increased a lot.
As waves emerge differently than before, many people are having difficulty predicting.
The more this type of market is, the more we need to focus on responding.
Be sure to think that your predictions may be wrong when trading, and think about how you will respond if the predictions and charts flow differently. :)
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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.