From K1 to K3, It is a bearish three soliders advancing pattern, It is approching to the neck line of a potential double top pattern. So, it is likely that a short-term downtrend had started from K1. I cut off all my long positions at K3. It is a big loss for me. The potential support at about 60K. If the demand sharply increase there, I will try to buy back.
After K2 close below the uptrend line and tested the ice line, K3 failed to break up or close below K2. It seems that the bear force is losing its control to the market. A consolidation is likely on the way. The following candles will price up or price down to test the resistance or the support. If the following candles close upon the ice line, It is likely...
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
From K1 to K3, it is strong bullish morning star pattern, The increasing demand and bull gap verified the bull trend. It is very likely that another bull run had started earlier. It is a potential Wave(5) of this three year bull market. So, I bought it here. If the following candles close below K1, I will try to get out of the market.
K3 close below the neck line of a potential double top pattern. It verified that a short-term downtrend is possibly on the way. If K4 close below K0, It is likely that the following candles will fall to test the nearest support at about 0.5-0.618fib area. On the other hand, It is still possible that the following candles rebound to test the supply pressure at...
The decreasing volume from K1 to K3 verified the short-term downtrend, And it seems that the support is not strong enough to reverse the newly born downtrend. It is likely that the following candles will test the support or even close below the support. So, if I bought it earlier, I will cut off all my long positions to avoid such risks. If the following...
After K1 break up the neck line of a potential bullish head-shoulder pattern, K3 tested the line for a first time, It seems that the bull force had fully controlled the market, And the supply pressure keeps at low level. So, it is likely that another bull run had started weeks earlier. The following candles should not return back below the neck line, If K4...
K3 is a bullish hammer candle, But it must be verified by the following candles. It seems that the bearish momentum had been interrupted by K3. If the following candles close upon K3 or the downtrend line, Another bull run may star from here. On the other hand, If the following candles close below K3 or the uptrend line, The risk will sharply increase. The...
K3 close upon the downtrend line under low volume. It seems that the supply pressure had dropped to the lowest level. The problem here for the bull force is lacking enough demands to verify the bullish momentum. If the demands keep at such low level, The market couldn’t go far. If the following candles successfully close upon the resistance, Or the...
K2 and K3 obviously close below the uptrend line, The supply is increasing. A potential double top is on the way. A nearest support is 0.382fib area. I will try to buy it there. And, I am still optimistic to the long-term bull market. Short-126.8/Stop-130.7/Target-112.3
K3 break up the ice line, It verified a fact that the supply pressure had been totally absorbed. The support at 118 USD is solid. So, it is likely that a larger scale consolidation is on the way, It will push the price up to test the upper price area of 134-140 USD. Or, another bull run had started from K3. This is a first good place to buy in. I will...
From K1 to K3, it is a three soldiers advancing pattern, K3 close below the long-term uptrend line. It is a bad signal for the long-term holders. It seems that the following candles will keep falling to test the neck line. The problem for the bull force is lacking enough demands. If the following candles fall to test the 0.382-0.5Fib area to find enough...
K1 is one part of a bearish three soldiers advancing pattern, It close below the ice line and verify the resistance of the line. K2 is an overselling spring candle, It interrupted the strong bearish momentum. It seems that the following candles will consolidate here for days, Or, the short-term downtrend will be reversed immediately. If the following candles...
K3 is breaking down a week scale support, It seems that the previous downtrend is expanding. And another bear run had started earlier from K1. From K1 to K3, it is a three soldiers advancing pattern. K3 must close below 57110 USD to verify the support had turned to a resistance first. And I will not try to short it here. Another nearest week scale support...
From K1 to K3, It is three soldiers stalled pattern under decreased volume. It seems that the supply pressure had been absorbed. K1 is one part of a bullish morning star pattern, K2 and K3 tested it under decreased volume, It verified the potential uptrend. If the following candles break up K1 immediately, An upthrust wave of a potential final bull run will...
K2 and K3 is a strong bullish up-thrust pattern with an up gap. But K3 is not strong enough to close upon the resistance. And the supply pressure at K3 is still at high level. So, I don’t think K3 will reverse the short-term downtrend immediately. It needs more signals to verify it. If K4 close upon the resistance or the downtrend channel, I will try to find...
K2 and K3 is a strong bullish up-engulfing pattern with an up gap. But K3 is not strong enough to close upon the neck line. And the supply pressure at K3 is still at high level. So, I don’t think K3 will reverse the newly born short-term downtrend immediately. It needs more signals to verify it. It is a good place to decrease long positions at K3 or 0.5Fib area...
From K1 to K3, It is a bullish morning star pattern. K3 nearly close upon the downtrend line. It seems that the long-term downtrend had been reversed here. The problem of the bear force is low supply pressure. K4 is a first test to the potential support, And it verified the lacking of supply. If K4 successfully test the support for a second time and close...