Chart Pattern Analysis of Bitcoin.

6月24日

https://www.tradingview.com/x/xkonXV8t/
K4 close at high price area, but still failed to close upon the downtrend line,
If K5 close upon the line,
The strong bullish momentum will be verified here,
And the market will accelerate to test or break up 112K area.
It is also possible that the market consolidate around the downtrend line,
And days later, it chose to break up or fall down.
If I didn’t bought it earlier,
I will not buy it here.

It is still possible that the following candles fall to test 101K or 103K area.
I will try to buy it there.

6月25日

註釋

K3 close upon K0,
And also, at the day-time chart, K3 close upon the nearest long green candle.
It verified the strong bullish momentum.
So, I have to join the market now.

Long-106588/Stop-105500/Target-109588

6月27日

註釋

K6 failed to close below K5 or K1,
It seems that the recent several candles is a potential bull flag pattern.
If K7 close upon K6,
Another bull run will start here.

If K7 close below K5,
A sharp price correction will fall to test 0.236-0.382fib area.

Long-106118/Stop-105K/Target-112K
Long-108088/Stop-107K/Target-112K

7月8日

註釋

From K1 to K6,
It is a small scale consolidation or a bullish triangle pattern.
The supply pressure is decreasing too.
It seems that K6 or K7 will break up or fall down.
If the following candles close upon the consolidation channel,
It is likely that another bull run will start here to test 120K area.

On the other hand,
If the following candles close below K2,
The risk will sharply increase.

Long-108338/Stop-107K/Target-120K
Long-109800/Stop-108800/Target-120K