BTC seems to be preparing to go up.

* 1D

The period adjustment continues while maintaining the upward trend, and is expected to be completed soon and rise again.

註釋

As expected, it is rebounding again after a drop of more than $1000 along the arrow.

Let's see.

註釋

Binance FUD led the decline, touching the upward trend line and support line in the $35500 range and successfully rebounding.

The drop to this price range is the expected section, so it is important to check if this section is supported.

The upward trend is still maintained, and unless $34,000 is broken, the view is the same.

註釋

BTC's failure to support a strong resistance of $38,000 has increased the likelihood of an adjustment.

If BTC falls, there are three support sections.

The first is the upward trend line, the second is 34-35k, and the third is 33-34k.

註釋

It rebounded with support from the red upward trend line, breaking through the short-term downward trend line.

The upward trend is still maintaining, with a short-term TP of $37900-38,000.

The key point here is the $38,000 support.

註釋

As I said before, the short-term TP has reached, with $38,000 in support.

Let's go up

註釋

The resistance of $38500 is so strong that it's back down, and it's currently supported by the pink box.

If it gets $37500 in support, it's likely to rise again.

註釋

BTC is supported by the pink box.

It is currently drawing a falling wedge pattern.

Short-term TP is $38000-38200

If BTC leaves $37500, it will have to consider further declines.

註釋

It broke through the falling wedge pattern at $37500, the lower end of the pink box I mentioned earlier, rising more than about $1300.

The high point has been renewed, but the adjustment has come with resistance of $38800, and if it is supported by $38,000, there is a high possibility of further increase.

交易結束：目標達成

TP1 hit +8.8%

up more than $3200.

註釋

TP2 hit +16%

It's up about $6000

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BTC has broken through the trend line at the top of the rising wedge pattern that people have predicted and is rising significantly.

But I kept insisting on the upward view because I thought it was a ascending triangle pattern, not a rising wedge pattern.

The upward trend is likely to rise further for the time being without slowing down here.

註釋