Chart Pattern Analysis Of Bitcoin

2024年12月30日

https://www.tradingview.com/x/9fy5TnWr/
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.

2024年12月30日

註釋

K1 and k2 is a strong bearish engulfing pattern,
A potential week scale consolidation or a short-term bear trend is possible on the way.
K3 is a weak rebound,
It verified the weakness of the market.

If K4 fall to test 0.382-0.5fib area of the nearest bull trend.
The consolidation may be terminated there.
If not,
The consolidation may lasts for more weeks upon the support.

I don’t think the previous bull trend will be terminated by K2.