Chart Pattern Analysis Of Bitcoin

Sep 7

https://www.tradingview.com/x/sixb541N/

K3 close below the consolidation channel,
It seems that the following candles will accelerate.

On the other hand,
If the following candles close upon K1,
I will change my plan.

Short-55.1K/Stop-57.1K/Target-42K

Sep 7

Note

K2 close below the consolidation channel,
It seems that the following candles will accelerate.

On the other hand,
If the following candles close upon K2,
I will change my plan.

Short-54.7K/Stop-57.1K/Target-42K

Sep 13

Note

After K1 break up the short-term downtrend line,
It was not a good idea to short it any more.
My previous analysis and plan was bad.

After K3 tested the downtrend line,
K4 close upon it immediately.
It seems that another bull run will start from here immediately.
But unfortunately, K4 failed to obviously close upon K1.
I don’t think it is a good idea to invest too much money to buy it.
And I will change my plan to buy it if I find more evidence.

On the other hand,
If K5 close below K4 immediately,
I will try to find signals to short it again.

Buy-58600/Stop-58300/Target-60666