➡️BTC started its rise as expected and reacted well after hitting the uptrend support line. The long position we bought here has already locked in part of the profit, and the rest is risk-free, looking forward to higher targets. 🙏 ⚠️Note that if our bullish defense point is broken, the driving force supporting our rise will be lost, which means that we will fail...
➡️We are in a healthy correction right now, so don't be too pessimistic.☕️ 🧠As I mentioned in the previous post, we managed to break the short defense, so this means that the short structure is broken, which means that there is a high probability that we will continue the long power. Then, in combination with form and structure, we are also bullish, and unless...
🧠As I said in my last post, we have completed the breakout of the ascending triangle, so our general direction remains to remain aggressively bullish. We regard the breakthrough and rise in the complex consolidation stage as the final sprint. Based on my post on November 6, it is very likely that we will complete the mid-term target and then enter the correction...
🤯Yesterday we set up a bull trap, but unfortunately, the market did not fall into the trap we set as expected. Now that the two expected goals have been achieved, there is still a short defensive point above that needs to be broken through. If we break through directly, then after the breakthrough is successful, we will most likely lose the motivation to continue...
👀When I discovered it, the cup-and-handle structure was already established, so there was a high probability that we would continue to be bullish. The upper target area is worth looking forward to.🚀🌕 ⚠️Note that if our bullish defense level is broken, this bullish view will be invalidated.❌ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow...
🧠As stated in my last post, we chose to break out to the upside. The short defensive point is broken, which means that the short structure is destroyed. The previous high was broken, a decision was made in terms of direction selection, and the bullish trend continued.📈 ➡️Since it is the weekend, the trading volume will be relatively low, and consolidation is...
➡️As I mentioned in my last post, we achieved the first goal, and we also successfully broke through the short defense point, which means that the short structure was destroyed, and there is no short structure as an obstacle in the general direction. Then we will have a high probability of continuing the bullish power.🙏 🧠At the same time, through the chart, we...
🧠If we continue to rise according to the falling wedge, then the first thing we need to do is to destroy the short structure, so the short defense point is our first target, and a break here indicates that the short structure is broken. Without the bearish structure in the way, then we will use the double bottom long structure as support to drive up, so after the...
🧠It is not difficult to see from the chart that we are being squeezed into an ascending triangle, and often we will continue to rise based on this model. Yesterday's downward trend was not strong because the space we can move within the triangle is getting smaller and smaller. This also means that we are about to enter a critical period of choosing a...
🧠As we mentioned in the previous post, our pullback may be over and we are in the middle of a rally driven by the bottom double bottom long structure. In the 15m chart, we have successfully broken through an important inflection point to form a cup handle bullish structure, so the rally with the long structure as support should be very efficient. ⚠️Note that this...
🧠As I mentioned in the previous article, we managed to break above the inflection point, where the Elliott correction wave C may have ended. Given that we have successfully broken above the inflection point and the resistance line along the wedge, we are likely to perform well after the pullback.🔥 ⚠️Note that if our long defensive point is broken, we will...
🧠As I mentioned in my last post, we continue to carry out complex consolidation, and the inflection point has not been broken. We have the opportunity to form an ascending triangle. If this pattern structure is established, then we have the opportunity to continue to challenge the top. 🎯 ⚠️Note that if we fall below the turning point and the support zone below,...
➡️After we rose based on the bottom double bottom structure, all the goals of the small long structure have been achieved, so the current callback is very reasonable. Given that there is still a large bullish structure, we will still be bullish in the big cycle.📈 🧠But for small cycles, we are in a short structure, making a healthy correction, and forming a rising...
🧠We went up from the bottom smiley bullish structure and stopped near $16. In the process of consolidation, a smiley bearish structure was formed. Although there was a period of rise yesterday, it did not destroy the overall bearish structure, so we are likely to continue to fall. ⚠️Note that if we stabilize near the support zone and break above the resistance...
🧠After all our double bottom targets were achieved, we formed a smiley bearish structure above the resistance zone. Yesterday's rise was not strong, and we did not successfully break through the resistance zone. Therefore, we believe that the probability of continuing the decline is greater than the probability of rising, so it is very reasonable to continue to...
🧠With the end of the rally, we have formed a potential smiley bearish structure in the consolidation process, and if this bearish structure holds, there is a high probability that we will reach the buying area. A healthy pullback makes the next rally more explosive. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out...
🧠It is not difficult to see this falling wedge pattern in the chart, and we have also experienced a full Elliott pulse wave, and we are currently completing the Elliott correction wave, and if our wave C can successfully break through the inflection point, then a new burst is likely to occur. ⚠️Note that if we do not extend this rally and break below the bullish...
➡️Since the small double bottom long defense and the uptrend support line are broken, it means that the small long structure is broken, and the probability of continuing to challenge the previous high is reduced, so the buy zone here is invalid. 🧠If we can continue to make complexity adjustments, and we end up being squeezed into an ascending triangle without...