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Trader_J_
Jun 11, 2020 3:55 AM

View of full-time trade's view of the BTC/USD chart on June 11 

BINANCE:BTCUSDT240
Bitcoin / TetherUSBinance

Description

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Hello. The 9th round of Idea post.

Trader "J."

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I delayed posting the idea because the pattern was a little twisted.

By looking at the current section only and by the pattern, we can see the continuation of the bear-flags.

So, as a fractal concept, we look at it in a series of bear-flags and create a perspective.

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In addition to Bear Flag , two similar patterns were expected, so the response strategy was different.
In addition, patterns are expected to rise after a short-term fall, so please be aware of your response.

* For your information, if Bear Flag is correct, the current section is considered to be the last short entry point.

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If the first short-term response is possible, I don't think it's a bad idea to wait for the current 9983 entry RBI.

I recommend you not to double the current entry.

I did it because I thought waiting for the RBI could be an extension of the pattern.

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Basically, you need a controlled drop in the current section, and then you have to come up to catch it.

Second and third, looking at a completely different pattern and getting an RBI.

That pattern is only short-term.

In fact, I don't want to recommend long RBIs as I see more short shots than long ones.

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There is a pattern that I check when I ride long, but I don't recommend it. It's a real-time response.
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Comment

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Comment

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Need to check pattern extension status

Comment

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Comment

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Fractals of the flow expected from the initial wave

If the present section is the last selling time,
Like the first one, to the high point, like a bar code.
can draw the flow
In other words, you can touch up and down several times in the current section.

Comment

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Trend AnalysisChart PatternsWave AnalysisBTCUSDbtcusdforecastbtcusdanalysisbinancebitmexBitcoin (Cryptocurrency)bitcoinforecast
Comments
bestfarbit74
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close upon 9900 just invalidated. now close below 9300 is short position
Trader_J_
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@bestfarbit74, ???????? Excuse me?
bestfarbit74
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@Trader_J_, ?? what do U mean?
Trader_J_
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@bestfarbit74, I am not good at English.

So I don't understand what you meant by that.

I'm using a translator.
bestfarbit74
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@Trader_J_, ok, I said if the candle closes below 9300 it falls more deep to the support levels I drew
Trader_J_
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@bestfarbit74, Aha, I understand. I'm fully considering the possibility.

From my point of view, each section has a support set up and it predicts a deeper fall when passing through the support.
bestfarbit74
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@Trader_J_, support levels: 9100-8800- 8500- 7650- 6800 as I drew (:
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