K1 and K2 is approaching to the resistance to test the supply pressure, The supply pressure keeps at low level temporarily. If K3 close below K1, The risk will sharply increase. If the following candles consolidate here for days and finally close upon the resistance. A bullish upthrust wave will likely come up.
Candles were trapped into a dead corner, The market will choose a direction to price up or break down. It seems that the resistance is losing its control here. It is a potential uptrend triangle pattern. If K4 close upon the resistance, It is likely that an upthrust wave will come up, And, candles will touch 60% area.
K3 is a bullish hammer candle, K4 verified the pattern. So, it is likely that the following candles will keep climbing up to test the upper price of K2. On the other hand, The demand or supply pressure from K2 to K4 keeps dropping. If this momentum continues, The short-term uptrend form K3 couldn’t go far. It is likely that the large horizontal consolidation...
K3 is breaking up the dead corner. The market chose a direction to climb up. From K1 to K3, it is a strong bullish morning star pattern. It is likely that K3 will close upon K1. So, it still worth to buy in. The historic highest price 69K and the nearest uptrend line is the potential support. It is still worth to hold for a long time. The market is healthy.
From K4 to K6, it is a bullish three soldiers advancing pattern. It close upon the left top. The demand and price behavior is compatible. It means the bull market is healthy for now. The potential resistance from the left top is really weak here. There is not obvious signals to verify the effectiveness of the left top. The bull force is in fully control of the...
K1 to K3 is a bullish morning star pattern. K4 closed upon the resistance and verified the uptrend. The supply pressure increased here. If the following candles fall back to retest the resistance to verify the uptrend, It still worth to buy in.
[/image K1 to K3 is a bullish morning star pattern. But, the demand sharply decreased. It verified the short-term downtrend. It is likely that K4 will fall back to test the lower price of K3. If the following candles couldn’t close upon the resistance or stand upon K2, The possibility of the following candles fall to test the support will increase.
K3 verified a potential support, It tested a nearest downtrend line. K3 will likely stand upon H2 or H1. It stopped the bearish momentum of K2. It is likely that the horizontal trend here is still preparing to reverse the long term bearish market. So, I still hold more ETH than BTC. If the following candles stand upon H0, It is likely that the bullish market...
K1 just break up the nearest candles under average high volume. It’s a strong signal that the market is still in the bullish stage. It is most likely that K2 will keep accelerating and touch 75-80K area. So, I will not leave the market until it touches 100K. The potential support is 60K. And the potential resistance is 2/1 Gann Line. It is very safe to hold...
K1 to K3 is a strong bearish three soldiers advancing pattern, The demand of K4 decreased, it verified the short term downtrend. If K5 still failed to close upon K4, The following candles will likely keep dropping to test 61K area. The potential support is 0.5fib line of the nearest uptrend. I will not sell or short it here.
After K0 and K1 tested and verified the resistance, K3 tested the resistance for a third time. And finally, K3 failed to create a higher high. So, the possibility of the following candles fall back to test the support increased. On the other hand, there are also good signals here. The supply pressure is low here. If K4 close upon K3 immediately, It is also...
K1 just break up the middle line of the uptrend channel under sharply increased volume. It’s a strong signal that the market is in an accelerating stage. It is likely that the following candles will keep pricing up to touch the upper limit of the channel at 75-80K area. But before that, If K4 couldn’t close upon K1, It is very likely that the following candles...
K1 and K2 is a bullish up engulfing pattern. K3 verified it. So, the following candles will most likely keep pricing up to test the resistance. If K4 close below K3, and even close below the support, The short term downtrend will keep going. But I think the possibility of this situation is relatively low here. At the same time, I will try to exchange more BTC...
K2 break up K1 under a decreased volume. It means the supply pressure is low here. And also, the demand pressure is low too. So, if K3 keep accelerating, it will touch 90K. On the other hand, if K3 consolidate here, The potential resistance is 1.5-1.618fib (70-77K), And the potential support is 50-54K. I will not buy or sell it at K2.
In month chart, It is a potential bullish triangle pattern, It seems that the candles is breaking up the upper limit of the pattern. At the same time, the DYDX/BTC is also at the bottom. So, I bought it today. In day time chart, K0 is fake down action, And then K1 break up. The small scale double top pattern was reversed immediately. K0 to K1 is a bullish...
K4 break up K2 and the downtrend line under increased volume, If the following candles keep the strong momentum and break up 0.056, Or the following candles stand upon K3 and the downtrend line, I will exchange more BTC to ETH. And the stop loss set at the lower price of K2 or K3.
K3 verified a bullish hammer candle K1 under increased volume, And then, K4 and K5 had a decreased supply volume. So, a potential uptrend is possibly on the way. I had bought some tokens at K5. If K6 break up K5, it still worth to buy in. Stop loss set at the lower price of K5. There are many tokes still at the bottom of the previous bear market, I had bought...
From K1 to K3, there are three candles stay below the 1/1Gann Line. So, the Line had turned to be a potential strong resistance to the previous bullish market. The risk increased here. K3 is a bullish hammer candle with average high volume, But it still couldn’t close upon the resistance. If K4 couldn’t verify the hammer candle, It will be a good place to...