Chart Pattern Analysis Of BTC.D

24 Jun 2024

From K1 to K3,
It is three soldiers stalled pattern under decreased volume.
It seems that the supply pressure had been absorbed.

K1 is one part of a bullish morning star pattern,
K2 and K3 tested it under decreased volume,
It verified the potential uptrend.

If the following candles break up K1 immediately,
An upthrust wave of a potential final bull run will start from this uptrend triangle pattern.

On the other hand,
If K4 break down K2 immediately,
The market will become more complicated,
And the risk will increase.

25 Jun 2024

Nota

K2 close below the neck line and return back into the week scale triangle area.
It seems that a bear market had started earlier.
But it must be verified by the following candles.
If the following candle keep falling down and even close below the support,
The bear market will very likely expand.

K2 is also a potential shake out candle under low volume.
If the following candles return back upon the neck line,
The bull market will still possibly start from here.

1 Jul 2024

Nota

I am still optimistic to BTC.D,
I think it will break up in the following candles.

If K3 break down K2 immediately,
I will be wrong.

The chart here is really complicated for me.
I must find out the problem in my analysis.

5 Jul 2024

Nota

It seems that a final upthrust had started from K3,
If K3 break up and close upon K2 or the triangle pattern,
It is likely that the following candles will touch 57%.
During this journey, It will be a good time to establish a tentative long positions on other crypto tokens such as Near\ENS.