K3 is a first test of the support, K4 failed to close upon K3. It verified that it is not an ideal test, The bull market will not likely keep pricing up immediately. If K5 or the following candles test the support for a second time, It is still worth to buy in.
K3 close upon K1, The resistance lost its power. Although K2 and K3 has short candle body with high volume, It still close upon the upper limit of the channel. It seems that the following 2 or 3 candles will accelerate to breaking the 49000-52000 area. And the possibility of K4 close below the resistance is very low here.
From K1 to K3, It is a potential bullish morning star pattern. And, K3 closed upon the dead corner. It is a good place to buy at 42800-43000 USD, Price target is the nearest resistance 44400 USD. Stop loss set at the lower price of K2.
There is a potential bullish head-shoulder pattern of BNB. If the following candles break up 255usd or 1/1 Gann Fan line, The pattern will possibly in effect. From K0 to K4, it is a potential bullish arc bottom pattern. K3 to K4 is a potential cup handle area. So, I bought at 241.
K2 just verified the bullish hammer candle K1, K3 destroyed the expectation immediately. So, the bullish market turned to be more neutral. And then, From K3 to K4, The supply pressure is increasing, It just verified a potential downtrend. K4 is also a bullish hammer candle, It stand upon the support, And it seems to verified the hammer candle K1. If I had...
From K2 to K3, the supply sharply increased, K4 will likely fall back to test the support, However, K3 still couldn’t close below K2 or the support. There are three candles stand upon the support, it is likely that, the support will withstand the test of K4. It is not a good place to short it here. If K4 still couldn’t close below the support, The following...
The bottom of the ETH is a potential uptrend wedge pattern. It has a possibility to accelerate. So, I exchange more BTC to ETH here.
A nearest resistance is the upper line of the uptrend channel. It is also close to the 0.786fib line of the previous bear market. The supply pressure slightly increased here. It is likely that this month candle will price up to test the resistance.
There are 4 candles stay below the uptrend line, And then, k2 and K3 is a bearish engulfing pattern, It verified the weakness of the uptrend line. Besides, K3 nearly closed below K0. There a group of bad signals. So, it is a potential good place to short it here. Stop loss set at 42000 or 42500.
K4 is breaking down the neck line of a potential double top bearish pattern. The possibility of breaking down is relatively high here. From K2 to K3, the supply pressure increased. It is likely that K4 will accelerate to breaking down. It means that it is not worth to hold more ETH than BTC temporarily. If K4 failed to close below K3, and even break up K3, I...
From K1 to K4, it is a horizontal trading box or a potential uptrend flag pattern. If the price of K4 or K5 failed to break down,And even break up K3, another bull run will likely start here immediately. If K4 close below the 1/2 Gann Line, The horizontal trading box will likely expanding to a larger one.
From K1 to K4, it is a short term downtrend, It is also a potential head of a bearish head-shoulder pattern. However, K4 failed to close below K2. It seems that the potential support is still in effect. And the supply pressure is decreasing here. So, it is likely that K5 or K6 will price up to test the resistance. If the following candles couldn’t close upon...
In month chart, The candles were still restricted into a small box. If K4 break up K3, it will likely accelerating. In week chat, K2 failed to close upon the box, But the candles stay near the top line of the Box. The possibility of break up is increasing. If this week’s candle break up the parallel Channel, A potential bullish double bottom pattern will...
In month chart,K3 just break up the neck line of a potential double bottom. It seems to be accelerating. In week chart, If K3 break up K2, that will verify the strong of the bull market. Will the resistance stop the bullish momentum ? I don’t know. I will try to buy some if I found there are reasons to verify the weakness of the resistance. It seems that...
K6 jump over the resistance, It turned the resistance to a potential support. The following candles K7 must verify the strong bullish momentum. It should not return back, or lack demands. The volume should keep increasing. When I found K6 is breaking up K5, I tried to buy back, but unfortunately, I didn’t set the stop loss orders earlier. At last, I bought...
K3 is a potential bearish hanging-man pattern. K4 verified that. K4 is also a bearish hanging-man pattern. K5 verified that. And, more importantly, the volume of K5 increased, It failed to break up, and even close below the candle body of K3 and K4. It is a strong signal to verify the two hanging-man patterns. So, I sold out all my long positions here. I am...
K2 to K3 was restricted in the candle of K1. If K4 failed to break down the support or even break up K3, The following candle will up to test the resistance.
According to WKF theory, After a JOC candle, a potential creak line or support line was established. K2 is a first test of the support. K3 is a bullish piercing pattern to K2, It verified the validity of the support. Will another bull run start here immediately ? I don’t think so. K3 is not strong enough to start another bull market for two reasons. Both the...