BTC analysis on 11/12: - D1 frame: Yesterday, BTC closed the candle at the 96k area below the average line, creating a bearish candle pattern. However, today it has risen to 98k, even surpassing yesterday's peak. The D1 BB band has also been preparing to widen, signaling that the consolidation phase is nearing its end and there will be significant fluctuations.
- D4 frame: Today a new D4 candle begins, and the old D4 candle closed very poorly. BTC needs to break above 99k to break the bearish pattern on the D4 frame.
- W frame: This is also looking very bad. If the weekly candle closes red, then certainly the next week will also be the same, or there will be a retest of the 90k area. However, today is only Thursday. There are still a few days until the W candle closes, and it is entirely possible that there will be a wick down for BTC to continue reaching a new ATH.
=> My analysis: - Yesterday I predicted BTC would retrace to the 99k area but only managed to reach 98k3 before FUD caused it to drop sharply to 94k and close the day at the undesired 96k area. - For this reason, my confidence wavered and I leaned towards BTC continuing to drop to the 90-94k area. And just as I began to waver, BTC shot up from 95-98k preparing to break the bearish pattern 😭 - Overall, it has been quite unfortunate that the two sharp drops of BTC and altcoins were only 4-5 days apart, leading to significant impacts on accounts and sentiment. - BTC needs to close the candle at 99k to confirm the bullish trend. However, from what I see, breaking above 983x is enough to confirm that BTC will continue to rise. Please refer to my personal analysis.
Talking about the market fun regarding $BTC on the night of 10/12:
• Why do I think BTC will recover to the 99-100k range today??? First of all, I haven't studied technical analysis formally at all, I'm just a long-time trader who has accumulated personal experience. Because of this, some concepts, patterns, indicators... will be presented from a personal perspective and may not necessarily be entirely accurate according to the correct terminology in textbooks. I also analyze based on many large and small time frames and understand that BTC pumps when the charts across the time frames look good and dumps when the opposite occurs.
• Today will close the D4 candle. The D4 candle is forming a very bad double top pattern; if BTC doesn't recover to 99-100k today to break this bearish pattern, it will lead to an even worse W pattern, the W2 and M time frames will create an even worse divergent double top => BTC will correct deeply over a fairly long time. It may even drop to the 75-80k range. If applied to the current situation, it is very wrong! Trump, Elon Musk... publicly support BTC, countries are establishing strategic BTC funds, companies, financial institutions... publicly declare the amount of BTC they hold... when will BTC be FOMOed like this again? So the 80-90k range is still too low compared to expectations.
• In many recent articles, I have stated that BTC on the D time frame is in a downtrend even though the price is closely following the average line of the BB band that is gradually rising. However, for me, in a downtrend, the longer it extends, the deeper the new lows will be. In the current trend, BTC has created 3 lows at 91k, 90k, and the most recent one at 94k. The peak is currently at 104k. Therefore, in the coming days, BTC will have to break out of this bearish pattern with a price above 104k or continue the downtrend with a new low created below 94k, even below 90k.
Analysis $BTC on December 10: • Continuing a massacre for those trading futu altcoins. Just 4 days ago, exchanges dumped BTC too much down to 90k while altcoins didn't crash too much. This time, the market regains confidence in BTC by allowing it to drop 5%, while altcoins plummet by 20-30%. • Yesterday, I set stop-loss orders and went to sleep, so when I woke up this morning, my account only lost more than half 😢. Generally, the market is too harsh right now. I couldn't have imagined two massacres happening just 4 days apart 😢 • My condolences to those who burned their accounts. Actually, yesterday I called for a drop below 978x, so I had to exit all positions. If you followed that, your accounts would have dropped less; I was confident of making a lot of profit, so I stubbornly waited until the final support before exiting and set my stop-loss quite deep, causing my account to drop significantly. • I am still holding a Long position on BTC with the following analysis:
- D1 Frame: BTC closed the candle at around 972x, still above the average line of the BB band, so it may continue to rise. However, with the fact that today’s daily candle has a wick at 95x, it looks very bad. Coupled with the D frame, BTC has been in a downtrend for 16 days, so if BTC closes today’s D candle around 96x, it will drop very deep.
- D4 Frame: Today marks the end of the D4 candle, which is very important. Currently forming a double-top pattern with a very bad downward trend. To break this downward pattern and continue rising, BTC needs to return to the 99-100k range today (very difficult).
- W1 Frame: RSI is at 72.2, which is very low compared to my analysis (from 76 and above). Therefore, I still think this week’s candle will continue to have a wick.
=> Analysis: • Today’s candle will be very important. I still view it as bullish unless BTC closes today at around 96k. • Please refer and have your own strategy
Quick update $BTC on the evening of 9/12: I just played football all afternoon, so I'm quickly updating so you guys can be at ease: - 12H frame: you can see that the organizers are reacting very well when the price hits the average line of the BB band. Also, according to the 12H frame, there is a resistance area at 993-996. If it breaks through, it will soar. - Daily frame: in the candle models of the BB band when compressed, if today's daily candle pulls back or tomorrow's candle rises back up to the 100k area, then the BB band will be expanded, ending the compressed area (often referred to as sw). Generally, the results will be available tonight and tomorrow morning, guys. - From my personal perspective, I still believe this is not the time for the market to correct deeply after BTC has reached the peak 1 of this uptrend cycle, peak 1, in my opinion, will be in the area above 110k. - That's why when BTC went down earlier, I bought a bit more. It's just a pity that BTC didn't drop too much, but altcoins fell like ripe fruit. Altcoins are fluctuating strongly, so if the uptrend continues, they will quickly rise again. - In general, if BTC drops too much tonight below the 978-980 area, it's best to exit completely. Otherwise, it's still okay to hold, guys.
Analysis $BTC on December 9: - Daily Frame (D1): BTC is still in a downtrend, totaling 15 daily candles. However, the price of BTC is still supported by the BB band average and has an upward trend. Therefore, as long as BTC does not drop below this average line, there is nothing to worry about (Currently, the average line is at 970x and increasing day by day).
- 4-Hour Frame (D4): The D4 candle is looking very bad. If this D4 candle closes red, BTC could drop to the 90-91 range. However, there are still 2 days left before the D4 candle closes, so we need to observe further.
- Weekly Frame (W1): At the beginning of the week, BTC tends to create peaks/valleys. The 985x range is also considered a support area according to the W frame, with the area below being 972x. If it drops more, then it will run out, guys. Personally, I still view this week as green. The 985 area can be considered the bottom of this week's candle.
=> Analysis: - I still believe BTC will continue to pull back and rise to peak 1 at 110k or higher. - I am still monitoring the 985 and 972 areas. If it breaks through, it is mandatory to exit all holdings. Because at that time, the 104 area could be considered peak 1. And BTC will take quite a long time to continue creating peak 2. That would also be when altcoins drop very deeply. - This morning, I successfully closed the 103 area very nicely but buying back at 995 seems a bit early. I didn’t think the altcoin market was still quite fragile, so it dropped very strongly. However, if it continues to rise as predicted, there is nothing to worry about. - Just stick to the mindset of 1 - making a lot of profit, 2 - losing little while trading. Full stop loss. $SEI hit stop loss at 65, then exit. It might drop down to the 52 range. If you hold spot, hold a little or just enough to be patient, then keep it. This morning, I closed at 69 and bought back at 66, so let’s try to hold until the end of today to see what happens. Wishing everyone a lucky new week!
All orders have been finalized, guys. At the beginning of the week, we create a bottom / top. I will buy back altcoins when BTC tests the 98-99 range. • A little flex: After 10 days of challenging 1000$ -5000$ in my copy trade, I have reached $3,600. X 3.6 capital is also okay. Wishing everyone a lucky new week, may you close many profitable orders 😍
Personal assessment & opinions about $BTC on the evening of December 8: - Today is the last Sunday of the week, and the market is still moving as per my previous assessments, so I won’t go into detailed analysis by each timeframe. Instead, I will provide a general assessment along with my personal opinion. Everyone should take the time to read my recent assessments. - Today, I still believe that the market will close with a green candle. Or if it closes with a red candle, it will have a long wick and close in the range of 996-997 with a small volume, which would be very nice for tomorrow at the start of the week when the market might test the 98k range again and surge. - Because of this assessment, when the market dropped to the 98k range earlier, I didn't sell my holdings but instead added a bit more. You can check my copy trading section to see which positions I’m holding. - Earlier, I called on everyone to enter at $SEI , and I also entered with a volume of about $3,500 and moved the stop loss down to the 0.65 range. This means a stop loss level of around 8%. The target is from 0.8 to 1.2$ (profit level of 15-80%). When trading Altcoins, it's better to diversify your capital across multiple coins with the mindset of "1 small loss, 2 big profits" rather than the opposite. If you happen to get a junk coin, just accept a small loss. - But I must say that I don’t think I will lose on this trade. Because this is when the market needs capital inflow, so most coins will be pushed up randomly. - This is also a great opportunity, so if you have already secured a good price, try to hold for more significant profits before closing. Don’t close after making 10-20% profit while holding onto losses of 30-50%. Please take a look!
Thanks to a friend for commenting, I got to know this $SEI . The chart is looking very nice. It moves very similarly to BTC & Doge. You can consider entering around the 68-69 area. Stop loss at 65 Short-term target: ~0.9$ Long-term target: surpass the old peak of 1.14$
The candle from yesterday has pulled back green just as we predicted, guys. After the candle pushed the price to 90k, there have been 2 green D candles. Today's candle will also be green. This is the time when the market allows you to make money. Just buy in and you'll profit. It usually lasts for 5-7 days. Take advantage of the calm before the storm, guys!!!
LIVE
DJRain1989
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Bullish
Analysis $BTC on December 7: - Daily Frame (D1): Similar to the old analysis, BTC continues to rise gradually and closely follows the moving average of the BB band (currently at 96k and still increasing daily). In particular, the BB band on the Daily frame is showing signs of narrowing, indicating a potential significant volatility ahead. Friends, stay alert (I still have a bullish view). According to the Daily frame, I also stated yesterday that the market needs to be green for another 2-3 D candles to regain investor confidence and attract more capital. Therefore, it is likely that today will only retrace a green candle. Any red D candle during this time would be extremely negative.
- 4-hour Frame (D4): Today we start a new D4 candle. The previous D4 candle closed very nicely, green, with high volume, has tested resistance... so I believe this D4 candle will continue to be green. Today is just creating the bottom of the candle. I also predict that the bottom of this D4 candle will hover around 98x (this morning it tested around 988).
- Weekly Frame (W): The weekly candle is also about to close. As long as this week closes above the 99k area, I also forecast continued green next week. Hopefully, BTC will gradually increase today and tomorrow to clearly confirm the upward trend.
=> Forecast: • I still believe that in the coming time, the market needs to regain the confidence of new investors by stabilizing and gradually increasing over the next 2-3 days and establishing a new peak. • If BTC drops to the 95k area, then exit all positions. • I also checked some altcoins where I'm executing trades in my copytrade section at $XRP and $DOGE , I see a high possibility that top coins will reach new peaks in the coming days. Combined with the BTC analysis, the first peak of this uptrend phase is very close. Friends, please refer and have your own strategy 🤗
Analysis $BTC on December 7: - Daily Frame (D1): Similar to the old analysis, BTC continues to rise gradually and closely follows the moving average of the BB band (currently at 96k and still increasing daily). In particular, the BB band on the Daily frame is showing signs of narrowing, indicating a potential significant volatility ahead. Friends, stay alert (I still have a bullish view). According to the Daily frame, I also stated yesterday that the market needs to be green for another 2-3 D candles to regain investor confidence and attract more capital. Therefore, it is likely that today will only retrace a green candle. Any red D candle during this time would be extremely negative.
- 4-hour Frame (D4): Today we start a new D4 candle. The previous D4 candle closed very nicely, green, with high volume, has tested resistance... so I believe this D4 candle will continue to be green. Today is just creating the bottom of the candle. I also predict that the bottom of this D4 candle will hover around 98x (this morning it tested around 988).
- Weekly Frame (W): The weekly candle is also about to close. As long as this week closes above the 99k area, I also forecast continued green next week. Hopefully, BTC will gradually increase today and tomorrow to clearly confirm the upward trend.
=> Forecast: • I still believe that in the coming time, the market needs to regain the confidence of new investors by stabilizing and gradually increasing over the next 2-3 days and establishing a new peak. • If BTC drops to the 95k area, then exit all positions. • I also checked some altcoins where I'm executing trades in my copytrade section at $XRP and $DOGE , I see a high possibility that top coins will reach new peaks in the coming days. Combined with the BTC analysis, the first peak of this uptrend phase is very close. Friends, please refer and have your own strategy 🤗
Assessment $BTC on the evening of December 6: • Early this morning was indeed a slaughter time when BTC dropped a staggering 14k compared to the peak of 104k, causing most of the brothers who didn't set stop-loss to lose their accounts completely. I was luckier because my investment was small and I diversified into various altcoins, so I am still safe, even though the profit mark of x3 is now only x2. • Right at the daily D candle yesterday, I also mentioned that this segment is usually 50-50 and often has a long red candle, but the hope and belief in the market blinded me. I still believed in an upward view and got hit hard. The market is like that. There are many risks. • Regarding the upcoming BTC trend, I have the following analysis:
- D1 frame: Currently, BTC is still in a downtrend on the D1 frame, however, the price is still above the average line of the BB band, so it might continue to follow this average line and increase, creating a bullish divergence and a strong price increase. However, with the manipulation being a bit excessive when it adjusted down to 90k yesterday, the market will need 2-3 days to stabilize and regain the confidence of new investors. Looking at yesterday, who would dare to throw capital in anymore 😢
- D4 frame: The D4 candle will close today, which is very important. The D4 candle is currently looking quite nice. If it still closes in the range of 97-98 or higher, then I firmly believe the next D4 candle will still be green.
- M frame: The BB band continues to widen. Indicating that the price fluctuations of BTC will be very large. I believe the 90x range is deep enough to serve as this month's bottom. And the candle for December will still close green (above 96k)
=> Conclusion: BTC will continue to be green for 2-3 consecutive days to regain market confidence and continue the path to establish peak 1 in this uptrend. I think peak 1 will be in the range of 110k or higher. If BTC falls to the 95k range during this period, then I'll exit immediately 😢
Quick update $BTC morning 6/12: • Last night stayed up until after 3 AM thinking the drop wouldn't be too much, around 97-98, just making a lot of profit so went to sleep. This market is like that, full of risks, if you invest big without setting a stop loss, it's easy to get burned. • Yesterday I posted a status calling for everyone to re-enter the range of 99-100-101k, also clearly stating the stop loss point at 98. Anyone who didn't cut their losses, just bear with it. I didn't cut my coppytrade account because the investment is small, and I'm making a lot of profit. Tripled my account, the stop loss point is far and I see the charts of all coins still look very good. • BTC in the daily frame is still being well supported by the moving average of the BB band (currently around 956x). So if BTC closes a candle below 956x, then we need to act. • I still believe BTC will continue to rise in the coming days. And altcoins during this period are also increasing very strongly. • The drop yesterday was very necessary for the whales to shake off some holdings. The market will also gradually stabilize.
Please refer to this and remember to set stop losses when entering orders. Only when you accept that entering orders can both win and lose can you survive in this risky market.
My view on $BTC on the night of December 5: - The organizing committee has reached a very important psychological milestone of 100k, attracting a lot of attention. This is similar to successful marketing. - Therefore, if the organizing committee wants to move up to higher milestones, it needs to pull back to support areas that everyone can at least see, which is the old peak of 99-100k, to create more FOMO, just like when surpassing the psychological milestone of 50k. - Currently, most altcoins are also having their market capitalization sucked into BTC, so even if BTC continues to rise, most altcoins will continue to decline during this time. If BTC makes a red candle, altcoins will also drop further.
=> I will continue to wait for the 100-101k range to add more BTC & Altcoin long positions. This price range is likely to be suitable when XRP returns to the 2.0-2.2$ range. I will DCA more when BTC drops to 99-100. And cut everything if BTC closes a candle below the 98k range. Wait to long, do not short, okay guys. Otherwise, there is a high chance of getting wrecked. • Additionally, while I am offline and unable to support you, you can check my copy trading section to observe my trades and see what my trend looks like. All trades are public. When there are no trades, it means I am waiting for a better entry to get in. Please refer to my insights!
Comment $BTC December 5: • BTC continues to follow my prediction yesterday when continuing to follow the average price of the BB band (yesterday I clearly said it was at 94800, of course a 100-200 price deviation is normal). • That's why when BTC tested the 946x zone yesterday, I added more orders and determined that it was just a normal test of the support zone. And this morning I achieved great results, my coppytrade account is almost x3. The target sounds quite far away, turning $1000 => $5000 into $2.9k => 5K within reach. • Also this morning I closed all btc + doge at the prices of 103x and 46x to re-enter with a better entry and gain a lot of positions. • Let's take a look at my comments on the upcoming BTC trend:
- 1D frame: BTC, although up to 104k, is still in a downtrend according to frame D. This period is usually quite 50-50 when it is easy to have a long red candle that reverses. If BTC wants to break the downtrend according to the daily frame, it will probably have to reach a price of 110k or more in the next 2-3 days.
- D4 frame: BTC has a very beautiful D4 candle and forms a cup-and-handle pattern, turning the old peak of 99x into a strong support zone. There may be a correction to the 100x zone in the next D4 candle.
- W1 frame: I will still analyze this frame according to RSI. Currently, BTC price is at 102k, RSI index is 77.8, still too low compared to March peak (88.3), so I still think BTC will increase a lot more to create peak 1 of this uptrend.
=> Comment: - BTC will continue to increase in price. The next target will be the 110-115k zone, then we will have to look at the indicators to make further comments. Please refer to it !!!
LIVE
DJRain1989
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BTC analysis for December 4: $BTC • BTC yesterday continued to form a bottom at the 934x region, which aligns with my previous analysis that the bottom of this week's candle would reasonably be in the 93x range or lower. For this reason, I continued to wait and see if BTC would create a lower bottom, so I placed a small short order and got stopped out 😝. But as of today, the result is clear; BTC is clearly forming a path in the upcoming trend. Let's refer to my analysis:
- 1D frame: BTC in the D1 frame is still in a downtrend, however, the price is continuously supported by the average line of the BB band and continues to rise. Along with smaller frame indicators like 4H, 6H, 8H, and 12H being quite low, I believe that the main trend of BTC in the coming days will be to continue to increase in price and soon exceed the 100k peak by a wide margin.
- D4 frame: is forming a cluster of bullish candles; as long as BTC can maintain the price above 958x, the next D4 candle will definitely continue to be a green candle.
- W1 frame: the candle is red, RSI is at 74.8 and as I have noted before, this week's candle will either have a long green wick or a red candle with a long wick so that the RSI is not significantly affected compared to last week (75.8).
=> My analysis: - BTC will continue to increase in price and stick closely to the average line of the BB band (currently at 948x and continuing to rise day by day); in 2-3 more days, there will be a significant breakthrough (which I believe will be an increase). - You may also want to pay attention to $DOGE as it is following BTC and could potentially double from this price.
Congratulations to those who didn't get wrecked after the market's fluctuations last night, testing back to 94k. My order is still public in the copy trade section and has not been closed yet. Get ready for a x3 account, hehe.
BTC analysis for December 4: $BTC • BTC yesterday continued to form a bottom at the 934x region, which aligns with my previous analysis that the bottom of this week's candle would reasonably be in the 93x range or lower. For this reason, I continued to wait and see if BTC would create a lower bottom, so I placed a small short order and got stopped out 😝. But as of today, the result is clear; BTC is clearly forming a path in the upcoming trend. Let's refer to my analysis:
- 1D frame: BTC in the D1 frame is still in a downtrend, however, the price is continuously supported by the average line of the BB band and continues to rise. Along with smaller frame indicators like 4H, 6H, 8H, and 12H being quite low, I believe that the main trend of BTC in the coming days will be to continue to increase in price and soon exceed the 100k peak by a wide margin.
- D4 frame: is forming a cluster of bullish candles; as long as BTC can maintain the price above 958x, the next D4 candle will definitely continue to be a green candle.
- W1 frame: the candle is red, RSI is at 74.8 and as I have noted before, this week's candle will either have a long green wick or a red candle with a long wick so that the RSI is not significantly affected compared to last week (75.8).
=> My analysis: - BTC will continue to increase in price and stick closely to the average line of the BB band (currently at 948x and continuing to rise day by day); in 2-3 more days, there will be a significant breakthrough (which I believe will be an increase). - You may also want to pay attention to $DOGE as it is following BTC and could potentially double from this price.
LIVE
DJRain1989
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Bearish
BTC analysis on December 3: • After accurately predicting the drop of BTC to the 94x range, BTC is currently experiencing strong fluctuations due to bad news. This morning, I also called the group in the previous post that today's daily candle looks quite bad and may drop to the 93-94 range again. In the public order in the copytrade group, I am also placing a short order at the 959 level since this morning. While waiting for my analysis, you can check the orders to understand the trend I am following.
- D1 Frame: Yesterday's candle can be considered a reversal candle signaling a continued price drop in the short term. However, BTC is still supported at the average price line of 944x of the BB range. Even though it is in a downtrend, if BTC stays above the 94x range, it could potentially rise very high in the coming days.
- D4 & D3 Frame: The recently concluded D4 candle is green but has a flat body and long wicks. It is very prone to being broken, so I will switch to analyzing the D3 frame. Today’s D3 frame also just concluded a candle and is currently forming a very bearish double top pattern. If BTC wants to rise further, it needs to close above the 972x range today. Let's keep an eye on this.
- W Frame: Yesterday, I also predicted that the bottom of this week's candle would be around the 90k range, fluctuating by 3k (which means the range of 87-88 or 93-94). However, the bottom at 944 yesterday still seems quite high. I still think the bottom of this week's candle will be more reasonable from the 93 range downwards.
=> Analysis: - After yesterday's candle, over the next 2-3 days, I will prioritize small short orders to bring BTC back to a nice entry (93 or below) before going back long with higher volume than both BTC and altcoins. - Key levels to watch when BTC rises: 963x, 972x. - Key levels to watch when BTC continues to drop: 945x, 93x, and the deepest at 89-90k.
SOS !!! night 3/12 BTC: • BTC is still in a short-term downtrend. • In the immediate future, there will be resistance at the 958x, 962x zone and must close above the 97k zone to break the downtrend. Otherwise, it will continue to return to the 93-94 zone. So everyone should consider preserving their accounts. Please refer to it!$BTC
BTC analysis on December 3: • After accurately predicting the drop of BTC to the 94x range, BTC is currently experiencing strong fluctuations due to bad news. This morning, I also called the group in the previous post that today's daily candle looks quite bad and may drop to the 93-94 range again. In the public order in the copytrade group, I am also placing a short order at the 959 level since this morning. While waiting for my analysis, you can check the orders to understand the trend I am following.
- D1 Frame: Yesterday's candle can be considered a reversal candle signaling a continued price drop in the short term. However, BTC is still supported at the average price line of 944x of the BB range. Even though it is in a downtrend, if BTC stays above the 94x range, it could potentially rise very high in the coming days.
- D4 & D3 Frame: The recently concluded D4 candle is green but has a flat body and long wicks. It is very prone to being broken, so I will switch to analyzing the D3 frame. Today’s D3 frame also just concluded a candle and is currently forming a very bearish double top pattern. If BTC wants to rise further, it needs to close above the 972x range today. Let's keep an eye on this.
- W Frame: Yesterday, I also predicted that the bottom of this week's candle would be around the 90k range, fluctuating by 3k (which means the range of 87-88 or 93-94). However, the bottom at 944 yesterday still seems quite high. I still think the bottom of this week's candle will be more reasonable from the 93 range downwards.
=> Analysis: - After yesterday's candle, over the next 2-3 days, I will prioritize small short orders to bring BTC back to a nice entry (93 or below) before going back long with higher volume than both BTC and altcoins. - Key levels to watch when BTC rises: 963x, 972x. - Key levels to watch when BTC continues to drop: 945x, 93x, and the deepest at 89-90k.