https://www.tradingview.com/x/vrGy0tvA/
K3 verified the bullish hammer candle K2.
It close upon the neck line of a potential larger scale head-shoulder pattern for a second time.
The supply pressure keeps at low level.
So, it is a good place to buy it here.
On the other hand,
If the following candles close below the uptrend line,
The risk will sharply increase.
Long-67558/ Stop-66558/Target-74000
K3 verified the bullish hammer candle K2.
It close upon the neck line of a potential larger scale head-shoulder pattern for a second time.
The supply pressure keeps at low level.
So, it is a good place to buy it here.
On the other hand,
If the following candles close below the uptrend line,
The risk will sharply increase.
Long-67558/ Stop-66558/Target-74000
Note
K3 verified a fact that my previous analysis was totally wrong.
A consolidation or potential double top is on the way.
It is really a big loss for me.
I didn’t cut loss here.
I will wait for more signals.
If the following candles close below K3,
I will try to get out of the market.
If the following candles close upon K3,
It is still valuable to buy in.
Note
The Pre-Market price of GBTC goes to 53.56USD,
I don't know why is that.
I bought some of them at the price.
Note
Does any one know the reason of The Pre-Market price of GBTC ?Why is that ?
It is very strange,
the unusual price lasts for a long time.
Any bad news in the market ?
Note
From K1 to K3,
It is a strong bearish evening star pattern,
But unfortunately, the supply pressure at K3 sharply decreased.
So, a rebound is expected after K3.
If the supply increase at K4, and K4 close below K3 or the uptrend line,
It will be a good place to short it here.
On the other hand,
If K4 close upon K1 or the resistance,
The previous uptrend will likely expanding from here.
I don’t know which way will the market finally choose,
And considered the risk is increasing here,
I cut off half of my long poisons here.
And if K4 close below the uptrend line,
I will try to cut off all my long positions.
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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.