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...
It seems that the bear market of DX1! had started earlier. And the present market is most likely in a consolidation process. That is a running downtrend flat. The continuously increasing supply pressure and long candle body verified it. The price touched a nearest support, Every rebound of the market is a potential good place to short it there. Perhaps, the...
From K1 to K3, It is a bearish three soldiers stalled pattern. The sharply increased supply pressure also verified the resistance of the historic highest price area. It is likely that a month scale consolidation process from K3 will continue. So, if K4 price up to test the resistance of 2/1 Gann line, I will try to partly decrease my long positions.
K1 is a first test to the long-term uptrend channel, K3 verified the uptrend but failed to close at high price area. The volume at K3 had dropped to the lowest level. The problem of the uptrend is lacking enough demands after a long time upward. It is likely that K4 will fall back to test the upper price area of K2, If it finds enough demands there, It will...
After K0 and K1 break down the neck line under high volume, The following candles keep pricing up to test the resistance. The demand is temporarily too low, It is verifying the downtrend. It is also possible the supply pressure had dropped to the lowest level, And a consolidation had interrupted the new born downtrend. But the possibility is temporarily too...
K1 and K2 are two consolidation candles, K3 break up and verified the long-term uptrend. The supply pressure sharply decreased at K3, It seems that the following candles will keep pricing up to test the upper limit of the uptrend channel. It is also possible that the following candle fall back to test the lower price of K2, If that finally happens, it will be...
In week Chart, K2 close upon the neck line of a potential bullish head-shoulder pattern. The supply or demand pressure keeps at high level. The larger scale horizontal trend still has its power to pull back the price. If the high supply pressure candle K1 want to reverse the bullish market, K2 must close below the support immediately. It seems that the...
K3 break up and close upon K2 under low supply pressure, It seems that the following candles will price up to test the resistance. I don’t think this is the start of another bull run, It is just a Wave(B) of a larger scale consolidation process. But during this process, Some other crypto tokens will do better.
After K1 break down the uptrend line, K2 tested it under low volume, It seems that the demand disappeared. If K3 test the uptrend for a second time under low volume and even close below K2, The risk for long-term holders will increase, It will be a good place to decrease long positions along the uptrend line, And stop loss set at the neck...
From K0 to K2, It is a potential bearish evening star pattern, And K3 is trying to break down the long-term uptrend line. So, it is very likely that a Wave(C) of the week sale consolidation had started earlier from K0. If K3 close below the uptrend line, or even close below K0, It is likely that the following candles will drop to test 5.0 USDT area. Although...
From K1 to K3, It is a bullish three soldiers advancing pattern, It is breaking the neck line of a potential double bottom. It is a good place to buy it immediately, Or wait for the following candles successfully retest the uptrend line at 70K area. If the following candles stay at high price area or fall back under decreased volume, It will be a good place...
K2 and K3 is a bullish engulfing pattern, And the decreasing supply pressure verified a potential uptrend here. If K4 close upon the neck line under increasing volume, It will be a good place to buy it there. But, it is not safe to buy it at K3 immediately, The increasing volume of K3 means the supply pressure still at high level. K1 to K3 is a strong...