Chart Pattern Analysis Of BTC.D

16 Apr

https://www.tradingview.com/x/N8k4jdHs/

In week Chart,
K2 close upon the neck line of a potential bullish head-shoulder pattern.
The supply or demand pressure keeps at high level.
The larger scale horizontal trend still has its power to pull back the price.

If the high supply pressure candle K1 want to reverse the bullish market,
K2 must close below the support immediately.

It seems that the following candles will consolidate here for weeks.
It is not easy to take more money on other crypto tokens.
The ultimate price target of the bull market is about 60%.
A final upthrust wave will likely take the price there.

24 Apr

Nota

In Day-time chart,
It is a potential bullish wedge pattern,
It is a first test to the previous week scale uptrend triangle pattern.
The volume keeps dropping.
Perhaps, there will be a second test weeks later.
But before that,
A rebound is expected to test the upper price area of 56.5% area.

Long-55.24%/Stop-55%/Target-56%
Short-56.55%/Stop-56.88%/Target-55%

20 Mei

Nota

It seems to be a consolidation here,
If the supply pressure of K3 couldn’t sharply increase here,
The following candles will still keep pricing up.

But, it is very likely the last bull run of the long-term bull market.
And after that,the Alts Season will finally come.

21 Mei

Nota

After a 8-12 months consolidation,
K3 is testing the uptrend line for a second time,
K4 will choose a direction to terminate the horizontal trend.
I think it is very likely that K4 will break up if K3 is a successfully test.
I am preparing for this and try to hold more BTC and the relevant coins.

If K3 close below K2 or the line,
The risk will sharply increase,
I will choose to embrace ETH Ecosystem.

22 Mei

Nota

K3 is a threatening bearish candle under low volume,
It seems that the demand had disappeared.
But, it must be verified by itself and the following candles.
K3 or K4 must keep the bearish momentum and break down K1,
If not,
The bear market will not be established easily.

27 Mei

Nota

K1 and K2 is a strong bearish engulfing pattern,
It closed below the uptrend line under increased volume.
It seems that the bear market had started earlier.
But it must be verified by the following candles.

The demands are increasing too.
If K3 return back upon the neck line,
Another bull run will likely start here immediately.

17 Jun

Nota

K1 to K3 is a three soldiers stalled pattern,
The supply pressure had dropped to the lowest level,
It seems that a consolidation will interrupte the new born downtrend.
But it must be verified by the following candles,
Such as K4 close upon the downtrend line under low volume.

It is also possible that the demand had dropped to the lowest level.
If the following candles keep dropping and even close below the neck line,
The risk will increase and the new born downtrend will expand.