Hello everyone, I am Shihun.
The chart in yesterday's post is exactly the same as today's.
Yesterday I said that I would not miss this wave of three-wave gains, so I also got it today. Let's analyze the market.
Yesterday, Bitcoin fell to 62050 and stopped falling, which is the end of the second wave. After the end of the second wave, there will be a third wave, which is today's increase. The increase from 62050 to 64500 is called the third wave, but the current amplitude of the third wave is not as long as the first wave. Even if the third wave is not as long as the first wave, the third wave cannot be the shortest wave. That is, if the fifth wave hits the high point in the future, the stretch of the fifth wave will not be longer than the third wave. The third wave pulled 2450 points, so the fifth wave must be less than 2450 points, and the final landing point must be higher than 64500 (if the fifth wave is successful).
At present, the price may go to the fourth wave after the third wave. Where will it go back to? First, it is 63600. If 63600 is broken, it will go to around 63000-62950. Therefore, 63600-62950 are the landing points of the fourth wave callback. If it hits these ranges, it is possible to go up to the fifth wave.
Then the highest point of the fifth wave will be less than 66000, and the lowest point will be less than 65400. Therefore, the high point of the fifth wave will be in the range of 66000-65400. I will arrange short orders only when it reaches this range, that is, the abc wave decline after the high point of the fifth wave appears.
Is the bull coming? I don't know. What should I do in this market? I can still try this.
