Chart Pattern Analysis Of Bitcoin

2024년 4월 1일

K3 is a bullish hammer candle,
K4 verified the pattern.
So, it is likely that the following candles will keep climbing up to test the upper price of K2.

On the other hand,
The demand or supply pressure from K2 to K4 keeps dropping.
If this momentum continues,
The short-term uptrend form K3 couldn’t go far.
It is likely that the large horizontal consolidation process from K1 had not ended yet.

But before that,
It is still possible that the following candles price up to touch 77K -84K area first.

2024년 4월 8일

노트

The supply pressure from K1 to K2 is increasing,
If K3 break down K2 to verify the potential downtrend,
The risk will sharply increase.

On the other hand,
K2 stand upon the bullish hammer candle K0,
It is still possible that K3 break up the potential bullish flag pattern.
And if the upthrust finally come true,
I will try to decrease my long positions.