Chart Pattern Analysis Of Bitcoin
Candles were trapped into a dead corner.
It is likely that the following candles will choose a direction to price up or break down.
If the following candles close upon the downtrend line,
It will be a good place to buy in.
If the following candles price up to test the downtrend line under sharply increased volume.
It will be a good place to sell it there.
Sell-62781/Stop-63125/Target-59500
Buy-63232/Stop-62780/Target-67255
K3 failed to close below K1,
It seems that the short-term consolidation will continue.
If the following candles fall back to test the lower price area of K1 under low volume,
It will be a good place to buy in.
On the other hand,
K3 failed to close upon K2 under sharply increased volume,
It verified that the downtrend line is relatively strong here.
It is a good place to sell it here.
Sell-63852/Stop-65710/Target-51000
Sell-64444/Stop-65710/Target-51000