BTC Comments on October 7:
- 1D Frame: Currently in a very strong uptrend. And this morning has reached the price of 640x. If today's candle closes above the 632x area, the next candle is likely to continue to be green.
- D4 Frame: Today's D4 candle ends, the current D4 candle is having a very strong price recovery, surpassing many important resistance levels. However, it is the last day, so you need to be careful to avoid breaking the trend.
- W1 Frame: Last week's price closed at the 628x area, although the candle is red, the price is still above the MA line, so the uptrend is still there, and the market reaction immediately pumped 1k price. This W candle is especially important. If the candle closes at 63x, the uptrend season will definitely begin by soon retesting the 70x area.
=> my opinion:
- Yesterday was my failed trading day đ. Although I correctly predicted that the model could reach the 628-630x zone yesterday, I chose the wrong direction, leading to 2 short orders increasing the volume quite a bit. Causing all the profits from last week to be lost. I'm very sorry everyone. And I will return to trading with discipline.
- Currently, I'm still stuck with 1 short order, so I will observe the rest of today. Today is the beginning of the week, so it's very difficult to predict the peak/bottom, and it's easy to turn around.
- I think BTC this week will stick closely to the MA line around the 630x zone and will have a crash to the 61x zone. The price next week and the week after will continue to fluctuate around the 60-64 zone, without any ups and downs as you expect.
So the lesson learned is that at this time, you should trade according to the signal and not expect too much from anything.
Good luck to you all!!!
