To be honest, I didn’t really want to update today, but we’ve got to stick to our daily grind. The market is playing out exactly as expected, with the launch timing off by no more than an hour. Looking at Bitcoin, it still has some distance to cover; a breakthrough at 78700 would signal the real bull run.
Specifically, today’s price reached the upper edge of the 2300-2385 central range upgrade. Currently, the volume has dropped sharply, likely testing the 2385 line. Some folks might question: why does my central range upgrade expansion look different from what I’ve drawn? The answer: it’s the result of years of experience in trading, not just the pattern characteristics but also the transmission relationship of positive and negative volumes. As it stands, all the opportunities have been laid out; there hasn’t even been a five-minute fluctuation to find a high-risk, high-reward entry. The current known info is that the outcome at the 2385 line will determine if this 15-minute trade completes. If we look at the one-minute price action for participation, it’s likely that the one-minute pump will finish it off. Anyone who trades knows that basic profit-taking doesn’t apply here. So let’s be patient and wait for a consolidation pullback to 2357 to complete this move before looking for new opportunities.
Specifically, today’s price reached the upper edge of the 2300-2385 central range upgrade. Currently, the volume has dropped sharply, likely testing the 2385 line. Some folks might question: why does my central range upgrade expansion look different from what I’ve drawn? The answer: it’s the result of years of experience in trading, not just the pattern characteristics but also the transmission relationship of positive and negative volumes. As it stands, all the opportunities have been laid out; there hasn’t even been a five-minute fluctuation to find a high-risk, high-reward entry. The current known info is that the outcome at the 2385 line will determine if this 15-minute trade completes. If we look at the one-minute price action for participation, it’s likely that the one-minute pump will finish it off. Anyone who trades knows that basic profit-taking doesn’t apply here. So let’s be patient and wait for a consolidation pullback to 2357 to complete this move before looking for new opportunities.