[09/27] Beast Trading _ Today's Bitcoin Analysis

[09/27] Beast Trading _ Today's Bitcoin Analysis

Finally, the boring convergence seems to be over.

Eventually, it deviated upward from the convergence pattern, rose slightly, and then rose in the morning with trading volume attached, and now it seems that the wave frame is being taken little by little.

Up to 18.1k, it came down to five waves, and it seems that the waves have ended, and the current section after that is important

18.1k - 19.5k = A
19.5k to 18.8k = B (Triangle convergence)
It seems that the C wave has been rising since 18.8k.

If this ABC wave is a "B wave" in this big picture and the selling pressure is a little severe, and the C wave does not come out short, it is likely to go up to 20.3 to 20.4k.

After that, it is expected to fall quite strongly with five waves, and it is likely to break 17.6k in this downward wave and renew its previous low.

We recommend that you do not hold a long position or respond briefly, and if there is a rebound up to 20.3k, it is better to enter a short position by looking at the trend change signal on the line!