Comment $BTC October 5:
• First, I apologize to everyone because yesterday I gave a short bet in the 607-612 area and got stuck with the 616 sl, losing 400-900 prices.
However, if anyone follows my fairly accurate prediction from yesterday's post, taking a long BTC when it exceeds the 615-616 area, closing the 62x area and shorting in the opposite direction, they will also recover a lot.
• In fact, yesterday I was the same, I also got stuck with a short order in the 607 area, BTC's price quickly jumped past the sl point, causing a loss of 1000 prices, but I took a long/short around the 61x area, leading to a total profit of 300-400 prices yesterday + 1 short order in the 622x area that has not been closed yet, raising the total ROI of the group from 222% to 231%, everyone!
Back to the assessment:
- Frame D1: BTC went right to the resistance zone of 622-625 and had a correction down to the 617 zone and is currently trying to increase back to the 62x zone. In this frame D, we should pay attention to the 628x zone. If BTC continues to increase, it will likely reach this zone to fill the empty GAP here. The 628x zone is also the price zone of the BB band MA line, if BTC is strong enough to want to reverse and increase in price, it will definitely have to test this zone again.
- Frame D4: today is only the second day of this D4 candle, this price zone is quite 50-50, it can also increase from here, or the 625 zone can be the peak of this D4 candle. I will wait until the end of today to have more analysis data.
- The W frame is still quite bad, today and tomorrow is the weekend, if there is no strong enough news, BTC continues to sw and closes the candle below the 625 zone, then the next W candle is very likely to be red again.
=> My opinion:
- BTC in the last 2 days of this week is likely to move slowly to the 628-630 zone if BTC today has a 4H candle closing above the 623 zone, so everyone should pay attention to limit shorting altcoins.Because altcoin will be pumping everywhere during this period. Good luck everyone!
