After K1 break up the downtrend line, K2 and K3 fall to test it for a second time, If K3 or K4 return back upon the temporary support or the downtrend line, It is very likely that a sharp rebound will start here to test 50-70USD area. Long-18.8/Stop-16/Target-53
The demand from K1 to K3 is decreasing, It verified the downtrend momentum here. The demand at K3 slightly increased, But it failed to close the bear gap at K0. If the following candles is a weak rebound to test the upper limit of the channel, It will be a good place to short it there. Short-86518/Stop-87800/Target-75K
After K0 break up the long-term downtrend channel, K3 tested for a first time, The decreasing volume implies another bull run may keep climbing up. If the following candles fall to test 0.382fib area, It will be a good place to buy it there. And, it is also a good place to buy it here immediately. But the risk will be relatively higher. Long-36.6/Stop-35.1/Target-50
K1 is a fake down, And then, K3 is a fake up. It is very difficult to take profit at this case. If the following candles break up the downtrend channel or stand upon the neck line, Another bull run may start here and test 108K area. If the following candles test the neck line to verify the bear trend or even close below the downtrend channel, The following...
K0 is a fake down, And then, K1 is a fake up. It is very difficult to take profit at this case. If the following candles break up the downtrend line or stand upon 0.5fib line, Another bull run may start here. If the following candles test the neck line to verify the bear trend or even close below the potential support, Another bear run may start here.
K4 break up the previous high price and close upon the resistance. It is a bull signal for the market. But there is still a concern about the lower demands along the recent candles. Perhaps K4 is a fake up candle. If that is a fact, K5 will not likely create a higher high and usually will break down the resistant immediately. Considered K5 is near the support...
K5 break down the lower price of K0, It verified a downtrend bear market is trying to expand down. I have to close all my long positions at K4 to avoid the potential risk. And also, I will try to short it around 0.382-0.5fib area. If the following candles return back upon the uptrend line or K4, I will try to buy back.
In the previous analysis, I was wrong at expecting another bull run. And now, a potential newly-born short-term downtrend is possible on the way. If K4 couldn’t close upon the downtrend channel, It is likely that the following candles fall to test 0.382fib area. I am still optimistic to the present three-years bull market, I think it had not ended yet.
K1 and K2 is a bearish harami pattern, But unfortunately, K3 close upon K2 immediately. Perhaps it is a valid break up, after all it is a bull market. And K4 will keep climbing up to test 115-128K area. On the other hand, It is also possible that a large scale consolidation started from K1 earlier, And K3 is just a fake up candle. If that is a fact, K4 will...
On Daily Chart, Supply pressure keep decreasing, It is a good signal for the bull market. It seems that the following candles will keep climbing up to test 100K area or even break up it. On the 4H Chart, From K2 to K4, It is a strong bullish morning star pattern. It seems that the short-term consolidation had ended. If the following candles close upon K1 or...
From K1 to K3, It is a bullish three soldiers advancing pattern. Two candles close upon the neck line. It is most likely a valid break up. And market will accelerate. If I hadn’t bought it earlier. I will buy it here. A nearest price target is about 200USD. On the other hand, If K4 close below the neck line, The risk will sharply increase. I think the...
K3 is an overbuying candle. It verified a bull market. If I hadn’t bought it earlier, I will try to buy it if the following candles successfully fall back to test the middle line of the channel. Long-72588/Stop-70K/Target-100K
From K1 to K3, It is a strong bearish evening star pattern. A sharp price correction or a potential short-term bear run is on the way. It is also likely that a large scale horizontal consolidation is on the way. But the possibility is relatively low here. If there is a weak rebound after K3, It will be a good place to reduce long-term positions. And, if the...
K2 nearly close upon the neck line, And K3 keeps climbing up. It seems that the large scale consolidation had ended. And another bull run had started earlier. If I hadn’t bought it earlier, I will have to buy it here. If the close price of this month close at high price area, It is very likely that the three years bull market will finish its motive wave(5) in...
Once again, the supply or demand pressure dropped to the lowest level at K4. The following candles will choose to break up or fall down. If the following candles successfully retest the support, It will be a good place to buy it there. If the following candle break up K2 immediately, It is also valuable to buy it...
K3 is a bullish spring candle, If K4 close upon K3 to verify it. It will be a good place to buy it here. At least, The previous strong bearish momentum had been interrupted here. If the potential bear trend wants to expand. The market needs more signals to verify it. I don’t think another bear run had stated form K1, It is just a larger scale...
K1 and K2 is strong bearish engulfing, But unfortunately, K3 failed to close below K2 to verify the strong momentum. And the supply pressure sharply decreased. So, it is possible that the following candles consolidate here for weeks and then choose to break up or fall down. On the other hand, It is also likely that K4 will break up immediately and another bull...
K1 and K2 is a strong bullish engulfing pattern, But unfortunately, K3 failed to close upon K2 to verify the strong momentum. And the demand or supply pressure sharply decreased here. So, it is possible that the following candles consolidate here for days and then choose to break up or fall down. On the other hand, It is also likely that K4 close below K2...