BTCUSDT 1h update

12月4日

At 8:00 AM (UTC+7) on December 4, a balance formed in the sell zone at 96,374 USDT, following an entry with a bearish tendency at 12:00 AM on December 3. After this upthrust—a temporary price increase above resistance that quickly reverses—there was no significant activity from either buyers or sellers. On the 5-minute chart (M5), no definitive levels have been established yet. If such a level forms and sellers become more active, an M5 upthrust could present a favorable entry point.

12月4日

交易進行

A new upthrust is forming on 1h. At the same time we got an agressive upthrust with an almost reliable test on 5 min on the sell zone. Looks promising.

12月4日

註釋

Upthrust didn't get formed in the last minute. That is not very favorable for a short position.

12月4日

交易結束：達到停損點

the 2-bar upthrust on m5 got an SL. There have been formed a second 2-bar ut on m5. However, doesn't look very reliable. A super good test is needed. Specially that on 1h we haven't got a ut. Proceed with patience.

12月4日

註釋

After a long series of manipulations in the sell zone, the price has got back into the balance channel. Note that it doesn't necessarily mean we are going all the way down to the buy zone.