One, from 15 to 31, underwent a weekly-level pullback.
Just right for a double increase.
Two, from 25 to 49, followed by a three-day level pullback.
The increase is nearly close to double.
Three, from 385 to 737, followed by repeated weekly-level pullbacks.
This time the increase is not double, falling short by more than three thousand points.
Four, from 49 to the current 88, unsure if it's a peak, but it's almost there, at most reaching 93 or 94, then at least a repeated oscillation downwards, making a three-day line pullback.
Due to decreasing gains, there will not be another increase of more than double, and liquidity is insufficient, so proportionally, it might finally reach around 93? Currently in a peak state.
Does anyone see any common points in the above?
Isn't it true that when the increase is close to double, there will be a major pullback?
Previously there was no peak test, liquidity was sufficient, making it hard to grasp, now that liquidity is depleted, it is definitely close to the top!
Then the next step is at least a repeated oscillation pullback at the three-day level!
Due to liquidity depletion, a final weekly-level pullback is not ruled out, leading to a bottom test.
How to respond?
Here at 88, you can reduce positions on the highs, continuing until 93.
Wait for the daily pullback to be in place, then a rebound can be made.
Then wait for the three-day line pullback to be in place, boldly enter with low multiples!
Because the weekly pullback will bring the position close to the bottom of the three-day line, unless there is a direct spike down.
Take it step by step, just make a good plan!
Those shorting must do so with low multiples and light positions, don't gamble!
That's it! $BTC