The Direction of Bitcoin in Q4

Actualizado

Following the old idea, I updated the idea because I needed a bigger picture.

In the white box section, bitcoin is likely to stay for a long time due to the period.

If there is a change, I will comment below.

Operación activa

Followed by the last comment of the previous idea.

Operación cerrada manualmente

If bitcoin is resisted in the $12,200 area, there will be a big drop. Therefore, be aware of the variability in this regard.

Operación activa

I think there are three possibilities.

1) Bitcoin comes down to $11,600 against $12,200 resistance.

2) After the correction wave in the white box section, the $12,200 section will be strongly pierced.

3) Including the above two cases, $11,100 should not be broken if the upward trend continues.

Nota

The short-term support resistance is as follows:

Operación activa

With the progress of the first plan, support and resistance are recalculated based on the home position.

Nota

Bitcoin can go higher if it is supported on the white line. Low points may be renewed if support fails.

Nota

Bitcoin is a form of resistance from the white line and supported by the green and blue lines, and it is highly likely to touch blue in terms of movement.

Operación activa

Sells all long positions.

Nota

There was a rebound near the blue line, but I think this is a technical rally rather than a sign of buying. I analyzed the overall market flow.

Nota

Although bitcoin flow is quite twisted, it is a rounding top that accompanies volume as the neckline collapses.

Nota

Depending on the shape of Rounding Top, you should consider when each neckline collapses to the next neckline.

And the neckline is as follows:

Nota

It needs support from about $12,100 in order to turn upward again.

Nota

The short-term support resistance is as follows:

Nota

I won't buy long position until the tide turns.

Operación activa

I think it was a meaningful drop. It is necessary to check if bitcoin does not fall off after passing through the white line.

Nota

Bitcoin fell below the white line.

Nota

Bitcoin was supported by the white line after being resisted at the orange line, and has since been supported by the week candle. If the results are correct, it is likely to reach $13,000.

Operación activa

Correction Wave is end

Operación cerrada: precio stop alcanzado

Nota

Operación activa

The flow of currency is unusual. You'd better watch out for a sharp fall.

Nota

The position is reconstructed based on the movement so far.

Nota

Breaking the purple line increases the likelihood of a sharp drop.

Operación cerrada: objetivo alcanzado

Operación activa

Nota

Avoid hasty position changes.
It's still in progress.

Nota

Operación activa

I'll replace it with this by the end of the year.

Nota

If Bitcoin deviates above $12,900 or below $8,700, it will go straight in that direction.

Nota

short-term

Operación activa

Nota

As mentioned on October 18th, it reached a high of $12,900 and sold all long positions and spot items.

Now it can fall anytime.

Operación activa

I think the funds will be distributed to altcoins by the end of the year unless there is anything special.

Nota

Operación cerrada: objetivo alcanzado

GOny_Stark

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