Chart Pattern Analysis Of BTC.D

In week Chart,
K2 close upon the neck line of a potential bullish head-shoulder pattern.
The supply or demand pressure keeps at high level.
The larger scale horizontal trend still has its power to pull back the price.

If the high supply pressure candle K1 want to reverse the bullish market,
K2 must close below the support immediately.

It seems that the following candles will consolidate here for weeks.
It is not easy to take more money on other crypto tokens.
The ultimate price target of the bull market is about 60%.
A final upthrust wave will likely take the price there.

ความคิดเห็น:

In Day-time chart,
It is a potential bullish wedge pattern,
It is a first test to the previous week scale uptrend triangle pattern.
The volume keeps dropping.
Perhaps, there will be a second test weeks later.
But before that,
A rebound is expected to test the upper price area of 56.5% area.

Long-55.24%/Stop-55%/Target-56%
Short-56.55%/Stop-56.88%/Target-55%