11.07 Whale Index (note this section)Hello, I'm Whale Signal
Bitcoin Continues Bullish Flow After Trump's Recent Reelection Success, Stretching Higher
We'd like to look at RBI from a short-term perspective at our current position
Bitcoin Is Already Up Significantly, But Here's How Long Short-Term Wave Will Continue Based on Two Scenarios
The progress of short-term waves and two approaches
Currently, Bitcoin is uncertain whether the short-term bullish wave, which started at 66.8K, has progressed to wave 5
In this regard, I will divide the following two cases into strategies
1. If the short-term 5th wave has been completed
If the current short-term upward wave is a five-wave finish, we plan to focus on the "purple whale indicator" in the adjustment section
The purple whale indicator overlaps with the Fibonacci 0.382 section of this rising wave, and if the flow defending the section (a bottom-tail type candle or settling flow) is confirmed, we will proceed with the sale from a long perspective
However, in situations where the purple whale index deviates from the purple whale index, if it settles down the purple whale index again rather than from a short perspective, we will explore a long opportunity again in the retest or pressing position
Short term wave 5 is in progress
If wave 5 is still in progress, we are expecting resistance in the top white box section
However, breaking through this section also opens up the possibility of a strong further rise
When these resistance boxes are reached, we plan to recheck the short-term flow and set up more specific RBI (if that section comes, we will proceed with the indicator update again)
Based on the fact that Tether Dominance is open to "4.4-4.6", the possibility of a current five-wave progression cannot be ignored
-If Wave 5 Ends: Checks For Adjustability Near Purple Whale Indicator, Looking To Long Entry If You See Support And Bounce Flow In That Section
If we leave, we will wait conservatively until the purple whale surface re-settlement section
-If Wave 5 is underway: We expect resistance in the white box section, but if this section breaks too, there could be further upward momentum, especially as it's a short view in the bull market, so we'll take a more cautious approach
(Rather than a strategy for short, you can get resistance in the white box section when it rises.)
We will continue to watch the situation change and update the analysis in important sections
*I don't share a point of view. It's a personal opinion, and the whale indicator simply points to support and resistance. I hope you guys take a RBI single through the whale indicator in your analysis*
*For more detailed analysis and real-time updates, please check the real-time chart sharing guide link below*
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1. The whale indicator simply points to support and resistance
2. Please refer to the whale index to find a trading RBI suitable for your analysis
3. The shape of the rod finish is important for whale indicators, so checking the closing rod helps with a stable trading strategy
4. Whale surface intensity is in the order of purple > orange > white, with purple surface indicating the strongest support and resistance
