Update e$BTC on the evening of 11/10
- Today I am busy going back to my hometown, so I just posted this for everyone to refer to.
- Yesterday I posted 2 articles and BTC moved exactly like that, after returning to 758, it increased rapidly to the 80x region, turning 76 into a strong support area.
However, BTC's movement is very annoying, it dropped below 758 so I couldn't short anymore and lost an additional short order at 400 price, fortunately this morning I managed to catch the situation and made back 1 long order + 1 short order totaling more than 2k price, raising my profit temporarily to over 30% of my account. Currently, I am also opening a short order in the 80x region with the following assessment:
- 1D frame: BTC continues to set new ATH from 772x up to 80x and still shows no signs of weakening, so tomorrow or the day after, there is a high possibility of a new peak.
- 4D frame: thus, the 757 region will be the bottom of this D4 candle, the peak is still unknown, there are still 2 days left until the D4 candle ends, the current volume is a bit low. Need to monitor further.
- 1W frame: BTC is making a vertical column of over 13k price, the peak price is very far outside the BB band, so next week I believe BTC price will be pulled back into the BB band (around 74-75)
- M frame: BTC is approaching the 84k mark (the upper band of the BB chart) that I mentioned in previous articles. I believe this month BTC will reach this 84k mark.
=> My assessment:
- BTC will continue to set new peaks, however I also predict that before that, BTC will have a slight pullback to the 76-77 region before reaching the 84k mark. After that, there will be a longer pullback of nearly 10% to the 76k support area.
- Please refer and develop your own strategy ✌️
