Chart Pattern Analysis Of Bitcoin

2024年7月27日

https://www.tradingview.com/x/vrGy0tvA/

K3 verified the bullish hammer candle K2.
It close upon the neck line of a potential larger scale head-shoulder pattern for a second time.
The supply pressure keeps at low level.
So, it is a good place to buy it here.

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


Long-67558/ Stop-66558/Target-74000

2024年7月30日

註釋

K3 verified a fact that my previous analysis was totally wrong.
A consolidation or potential double top is on the way.
It is really a big loss for me.
I didn’t cut loss here.
I will wait for more signals.

If the following candles close below K3,
I will try to get out of the market.
If the following candles close upon K3,
It is still valuable to buy in.

2024年7月30日

註釋

The Pre-Market price of GBTC goes to 53.56USD,
I don't know why is that.
I bought some of them at the price.

2024年7月30日

註釋

Does any one know the reason of The Pre-Market price of GBTC ?
Why is that ?
It is very strange,
the unusual price lasts for a long time.
Any bad news in the market ?

2024年7月30日

註釋

From K1 to K3,
It is a strong bearish evening star pattern,
But unfortunately, the supply pressure at K3 sharply decreased.
So, a rebound is expected after K3.
If the supply increase at K4, and K4 close below K3 or the uptrend line,
It will be a good place to short it here.

On the other hand,
If K4 close upon K1 or the resistance,
The previous uptrend will likely expanding from here.

I don’t know which way will the market finally choose,
And considered the risk is increasing here,
I cut off half of my long poisons here.
And if K4 close below the uptrend line,
I will try to cut off all my long positions.