Short-Mid-Term Analysis for Bitcoin on daily chart
Updated
To bull or not to bull, that is a question.
Eventually, as I expected few weeks ago, the bull is revived, in the golden season, giving the bear a critical strike within just a few hours.
After the banquet, will the bull trend continue? This question may be asked by many audiences.
My answer is, yes, the bull trend never ends after the great green candle in April. If bears want me to change my mind, please make the price fall through the ema500 and the long-term trend line.
However, I don't think the price will go up to break through the 10k demand zone in a few days. Instead, the corrective wave will continue for a while, probably to the end of Nov, I guess.
So, be patient, my friend, and do not buy the rising and sell the dropping. It's my sincere advice.
Best regard to who watch this post, thank you!
Eventually, as I expected few weeks ago, the bull is revived, in the golden season, giving the bear a critical strike within just a few hours.
After the banquet, will the bull trend continue? This question may be asked by many audiences.
My answer is, yes, the bull trend never ends after the great green candle in April. If bears want me to change my mind, please make the price fall through the ema500 and the long-term trend line.
However, I don't think the price will go up to break through the 10k demand zone in a few days. Instead, the corrective wave will continue for a while, probably to the end of Nov, I guess.
So, be patient, my friend, and do not buy the rising and sell the dropping. It's my sincere advice.
Best regard to who watch this post, thank you!
Note
The screenshot is here, and you can share it with your friends.Trade active
It's good time to open Long position.My entry price == 9k ~ 8k8, SL == 8k6, TP == 9K7~ 1w1Note
Sorry, 1w1 is chinese means of expression of ten thausands, 10100 instead.Note
The previous trading plan is still valid for now. I will hold my position, until reach 9k resistance area, I will close a half and another waiting for 10k.I will write a new analysis for the latest chart of Bitcoin. The wave 2 also surprises me a lot :-p
Note
My recent guess on 2D's chart of Bitcoin, Not recommended for trading.Trade closed: target reached
Bingo! Close half position at 9k. Another for 10k. Good luck for you all!Trade active
I'm trying to open a short-term long position. Entry price = 8500-8600, Stop Loss = 8450. TP1= 9k (Daily BB Basic) TP2= 9K6 (Daily and Weekly BB Upper)Trade closed manually
The wave2 is so confusing and amazing. I decide to wait for a certain opportunity to open position. Let the candle fly~Note
If 8600 cannot stand back soon, we may see this scenario in the next two weeks. DO NOT open long until the panic selling over and buying signal appearing.
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