Chart Pattern Analysis Of Bitcoin

12 Tem

https://www.tradingview.com/x/tPIOYsKb/
From K2 to K4,
It is a strong bullish three soldiers advancing pattern with increasing demands.
It is likely that K4 will close upon the high price area.
And, it is likely to be a valid break up here.
The potential target is about 127-130K after 3 weeks.

On the other hand,
Compared to the nearest motive move,
The demands keeps at the lowest level.
It is an early signal of weakness.
Perhaps this is a final motive wave.
I will try to get out of the market and even try to short it if the following candles move to the upper limit of the uptrend channel.

Also, I am expecting a doji candle of K5 to test the neck line.
It is a potential good place to buy it there.

Long-115518/Stop-111K/Target-127K
Long-114388/Stop-111K/Target-134K

12 Tem

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From K1to K3,
It is a strong bullish three soldiers stalled pattern with increasing demands.
It is likely that K4 will close upon the high price area.
And, it is likely to be a valid break up and an accelerate motive wave here.
The potential target of the double bottom consolidation pattern at about 121-128K after 3 weeks.

At the same time,
The supply pressure sharply increased at K2,
It is an early signal of weakness.
Perhaps a small scale running flat pattern will consolidate around the upper limit of the channel,
And then, the market will keep accelerating.
I will try to get out of the market and even try to short it if the following candles move to 125K area.

Long-115888/Stop-111K/Target-127K