Chart Pattern Analysis Of Bitcoin.

11 de out.

https://www.tradingview.com/x/XSFEMmmO/

K1 and K2 is strong bearish engulfing,
But unfortunately, K3 failed to close below K2 to verify the strong momentum.
And the supply pressure sharply decreased.
So, it is possible that the following candles consolidate here for weeks and then choose to break up or fall down.

On the other hand,
It is also likely that K4 will break up immediately and another bull run stars here.
If that’s the fact,
The present months scale consolidation will be terminated here.

Long-60.4K/Stop-60K/Target-74K
Long-66.5K/Stop-66K/Target-74K

12 de out.

Nota

From K1 to K3,
It is a strong bullish morning star pattern.
It seems that the previous bearish momentum had been stopped here.

If the following candles consolidation here to verify the bullish momentum,
Or, the following candles close upon the downtrend line,
It will be a good place to buy it here.

Long-64.5K/Stop-64K/Target-74K
Long-62K/Stop-61.5K/Target-74K

14 de out.

Nota

K2 and K3 verified a fact that the supply or demand pressure keep at low level here.
The market will choose to break up or fall down at K4.

If K4 close below K3,
I will try to decrease my long-term positions.
If K4 close upon K2,
I will try to buy it here.


Buy-64470/Stop-64000/Target-74K

20 de out.

Nota

K2 and K3 is a bearish harami pattern,
It seems that the short-term consolidation had not ended yet.
Perhaps two days later,
The market will finally choose to break up or fall down.

If the following candles successfully retest the neck line,
It will be a good place to buy it there.

If the following candles close below K1,
The risk will sharply increase.

Buy-69758/Stop-69K/Target-83K
Buy-67688/Stop-67K/Target-83K

21 de out.

Nota

From K1 to K3,
It is a bullish morning star pattern.
K3 close upon the month scale bull flag or a week scale neck line.
But it failed to close upon the resistance.

If the following candles consolidate here for weeks or successfully retest the neck line,
It is still valuable to buy it there.

On the other hand,
It is also likely that K3 is just a fake up candle.
But the possibility of this situation is relatively low here.
It is very likely that another bull run had started earlier and will keep climbing up after a short-term consolidation.

Buy-66588/Stop-66K/Target-84K
Buy-67688/Stop-67K/Target-84K

22 de out.

Nota

From K1 to K4,
It is a strong bearish engulfing pattern.
A potential bear run or a larger scale consolidation is on the way.
But it must be verified buy the following candles.

If I hadn’t bought it earlier,
I will buy it here.

It will take more days for the market to break up or fall down.
If the following candles close below 66.5K,
I will decrease my long-term positions.

Buy-66555/Stop-66K/Target-84K

23 de out.

Trade fechado: stop atingido

Price touched my stop loss line,
So, I had to decrease my long-term positions here.
I will try to buy back at 64500 area.