KE_ZHANG

KE_ZHANG

Bitcoin has stubled out of the orange triangle and finally did a clear break out. Now it may be on its way to (C), which is around 10400.

KE_ZHANG Updated 

In the weekly chart, Bitcoin is showing a descending wedge. Current price is under the pressure of the threshold around 9300. The reversal since this March is powerful, but I don't consider the chart as a pennant. In the past 4 weeks, it has been hesitating for too long to be a pennant. The future 4 weeks are quite a decisive period for Bitcoin, if it fail to...

KE_ZHANG

For trend analysis only, ¥8.6 is a stong 2-year support for Hengyi. I've been holding the long position since ¥9.2. Hengyi may try to break out the triangle very soon. If it did a break out, it'd rise to ¥13 in the coming 6 months.

KE_ZHANG

I still insist on the idea that Brent is forming a long-term bull trend. Let's see the weekly bar, please notice that $43 is still a quite low price in this whole century. In the short term, the price may fluctuate or hesitate. But in the long term, it is highly possible that the economy will recover progressively (even the process might be very slow). In this...

KE_ZHANG

My previous analysis has currently been confirmed since BRENT did form a double top. Brent may further retest the support zone 36-38 in this two weeks, then it may try to test 45 in the next month to fill the huge gap in March.

KE_ZHANG Updated 

Brent is potentially forming a double top. It may drop to the support line 38.