Price drop, volume drop, 36 Hours Free Fall.
Market Development backtest 2 key support levels
1. Log View Long term Pressure line (Red).
It was breakthrough, standing above this pressure line for several days.
Market come back to test it again.
2. Previous Resistance Level Zone(Blue)
They are breakthrough last week, too.
Market come back to test it again.
It look likes a bullish correction wave. Will it an A-B-C pattern correction? or just an one shoot correction?
Let's observe its next development.
Our Bias is still bullish, and will go long again around this level.
1. Daily Trade Hit and Run wait for confirmation.
2. Add long position around 158-160.
3. Add long position around 145-150.
our stop and exit level will be located at around 120, which our Long term Long position average cost is around 110 currently.
Market Development backtest 2 key support levels
1. Log View Long term Pressure line (Red).
It was breakthrough, standing above this pressure line for several days.
Market come back to test it again.
2. Previous Resistance Level Zone(Blue)
They are breakthrough last week, too.
Market come back to test it again.
It look likes a bullish correction wave. Will it an A-B-C pattern correction? or just an one shoot correction?
Let's observe its next development.
Our Bias is still bullish, and will go long again around this level.
1. Daily Trade Hit and Run wait for confirmation.
2. Add long position around 158-160.
3. Add long position around 145-150.
our stop and exit level will be located at around 120, which our Long term Long position average cost is around 110 currently.
코멘트:
코멘트:
A closer look (15 minutes Chart)
코멘트:
After tracking the Free Fall price drop, here are the hidden information we found:
1. It was looking like the Major selling orders are coming from original long position buyers. Not from seller new selling position.
2. Above hidden information maybe meaning: the key buyers are looking for good entry, and push down the price and initial some buyers' stop order execution automatically. It was a chain effective.
Under this circumstance, maybe will have the following 2 scenario developments:
Scenario 1: Some Major key buyers understand the panic selling situation, trading volume will be very small and easy to manipulate, and then adding new selling orders to push price down more. (Buyers kill Buyers). Then price will drop more within these 2 days.
Scenario 2: Market are bullish continually, and buying orders are active to add in. Then most of the key buyers will jump in, and price will be going up as fast as price drop.
Let's see what will the market developed next?
Note:
1. As previous comment entry principle 2: we have our new entry around that level. and we take 1/2 position out for daily hit and run trade(entry principle 1).
2. 5 minutes chart looking like forming a small inv-H&S. neck line is around 165. If it break, maybe it will go up to around 168 - 170, and then going down again.
1. It was looking like the Major selling orders are coming from original long position buyers. Not from seller new selling position.
2. Above hidden information maybe meaning: the key buyers are looking for good entry, and push down the price and initial some buyers' stop order execution automatically. It was a chain effective.
Under this circumstance, maybe will have the following 2 scenario developments:
Scenario 1: Some Major key buyers understand the panic selling situation, trading volume will be very small and easy to manipulate, and then adding new selling orders to push price down more. (Buyers kill Buyers). Then price will drop more within these 2 days.
Scenario 2: Market are bullish continually, and buying orders are active to add in. Then most of the key buyers will jump in, and price will be going up as fast as price drop.
Let's see what will the market developed next?
Note:
1. As previous comment entry principle 2: we have our new entry around that level. and we take 1/2 position out for daily hit and run trade(entry principle 1).
2. 5 minutes chart looking like forming a small inv-H&S. neck line is around 165. If it break, maybe it will go up to around 168 - 170, and then going down again.
코멘트:
코멘트:
As per mentioned. Break neckline of small inv-H&S pattern, try to go up to the range of 167 - 170.
Let's see next development.
Let's see next development.
코멘트:
5 minutes chart indicating it might forming another inv-H&S pattern.
hourly chart indicating it might forming a twin head inv-H&S pattern, too.
(or maybe it is called bearish flag...maybe fake bearish flag)
The Twin Big Brother Bitcoin US pair has the same pattern, too.
hourly chart indicating it might forming a twin head inv-H&S pattern, too.
(or maybe it is called bearish flag...maybe fake bearish flag)
The Twin Big Brother Bitcoin US pair has the same pattern, too.
코멘트:
Let's Go to challenge 165-167.
If break it, then 170-173 will be the next resistance.
(Bitcoin US, The Twin Big Brother, If Bitcoin break 5100, then next resistance will around 5200 to 5220.)
If break it, then 170-173 will be the next resistance.
(Bitcoin US, The Twin Big Brother, If Bitcoin break 5100, then next resistance will around 5200 to 5220.)
코멘트:
It was rejected to climbing up for challenging the key level of 167.
Trading volume to small.
It is holiday.................Be careful holiday dumping.......
Trading volume to small.
It is holiday.................Be careful holiday dumping.......
코멘트:
Too Small....TYPO...
코멘트:
코멘트:
코멘트:
The key level provide 2 days support.
But It is not yet confirm the key level provide key support.
We still need to observe if the price can closed above 5 days SMA(120 hours) or not.
Yesterday's climbing up, volume is still very small, but still lower than 5 days SMA.
Today backtest previous 1 days average(24 hours) and 3 days average(72 hours)
If validate it provide support, and can close above 5 days SMA plus volume increased, then some buyers maybe will come back.
But It is not yet confirm the key level provide key support.
We still need to observe if the price can closed above 5 days SMA(120 hours) or not.
Yesterday's climbing up, volume is still very small, but still lower than 5 days SMA.
Today backtest previous 1 days average(24 hours) and 3 days average(72 hours)
If validate it provide support, and can close above 5 days SMA plus volume increased, then some buyers maybe will come back.
코멘트:
5 minutes chart has a minor buy signal...
코멘트:
bitcoin buy signal confirmed.
코멘트:
코멘트:
We go Long again.
