BTC ANALYSIS November 10 * On H4 frame: BTC continues to maintain in the Up price channel. However, the price action swept up to the upper border, then pulled back down and closed inside the Rising Price Channel - creating a false breakout signal. This signal indicates temporary weakness in BTC in the short term. Therefore, from my perspective, it is likely that BTC will have a downward correction in the short term.
BTC ANALYSIS November 9 - BTC has created a False breakout signal through the 36k price range according to the previous scenario I gave. Please refer to today's BTC commentary! * On the D1 frame: Although yesterday's D1 candle was a bullish candle, it had a long upper shadow and closed below 1/2 of the amplitude, forming a Bearish pinbar candle with increased volume compared to the previous candles. It reflects the blocking selling force above. - Structurally, yesterday's D1 candle created a false break through the old peak of 36k then pulled back down and closed below this zone. This reflects the weakening of price momentum. * On the H4 frame: The H4 candle at the end of yesterday's trading session was a Bearish pinbar candle, with a long upper shadow creating a false breakout through the old peak of 36k along with a sudden increase in volume, showing selling pressure above. very strong. - Looking at the overview, we can see that there are 03 bearish pinbar candles with long upper candle shadows in the 36k area, which reflects very strong selling pressure in this area. => Therefore, I still maintain the possibility that BTC will have a downward correction in the upcoming short term.
BTC 11/07 -''----- * On frame D1: Yesterday's candle D1 was a Spinning Top candle - shown by its small body and nearly equal upper/lower shadows. This candle shows the balance of supply and demand in yesterday's trading day, with no side controlling the market. - Observing recent D1 candles, we can see that the buying force below is still strong when candles with long lower shadows continuously appear. Therefore, I still maintain the view that BTC has one more beat to increase to the 35k6-36k area (or can create a false Breakout past 36k) and then will decrease and adjust. * Total3 Comment (Total Crypto market capitalization excluding BTC and ETH) - After Total3 broke out above the Symmetrical Triangle model, Total3 almost reached its target set before, which was the top of the 400B isosceles triangle (I analyzed in the previous article). - Currently, total3 is approaching the strong resistance area of 400-410B (The top of the triangle model), so the probability of Total3 correcting in this area is very high. Therefore, at this stage, the growth room of altcoins is no longer high, you should consider gradually taking profits on altcoins. * Trading advice: Wait for the seller's signal to short BTC if BTC rises to the 35k6-36k area, expecting the price to return to test the 33k area in the short term. (If there is a false breakout signal through the 36k zone, the probability of winning will be higher