2,222 those needles—I stared at them but didn’t dare to take them.
This move is up 17.5%.
The 4-hour RSI has flashed 96.9. I haven’t seen this number in months.
The 1-hour is 77.5, and the 15-minute is only 50.7.
The short-term cycle isn’t overbought, but the long-term cycle is already going crazy.
The 4-hour MACD is still bullish, while the 1-hour and 15-minute have already flipped bearish.
The volume ratio is close to 0.
With a rise this big, the volume is empty.
This kind of market is called a needle/spike, not a breakout.
Liquidity is too thin—tens of millions of U is enough to draw a line like this.
The Bollinger Band width has been squeezed down to 1.2%.
The price just pierced through the upper band and was immediately yanked back; now it’s sticking to the middle band.
What’s clear: MA5 and MA20 are both at 2,252 and 2,251, and price has temporarily held.
What’s unclear: the volume can’t be built up. For this move, is it a shakeout or distribution?
Only if volume expands and price holds above 2,306 do you have the right to look at 2,334.
If it drifts downward on lighter volume, then 2,222 is a false support, and below that you can only look at 2,122.
My own plan: pull back to the lower Bollinger band at 2,238 to try a long.
If it breaks below 2,222, I’ll admit I’m wrong and cut half at 2,306 first.
Draw your own support/resistance levels—don’t copy mine.
#BTC #ETH #以太坊 #币圈 #行情分析
This move is up 17.5%.
The 4-hour RSI has flashed 96.9. I haven’t seen this number in months.
The 1-hour is 77.5, and the 15-minute is only 50.7.
The short-term cycle isn’t overbought, but the long-term cycle is already going crazy.
The 4-hour MACD is still bullish, while the 1-hour and 15-minute have already flipped bearish.
The volume ratio is close to 0.
With a rise this big, the volume is empty.
This kind of market is called a needle/spike, not a breakout.
Liquidity is too thin—tens of millions of U is enough to draw a line like this.
The Bollinger Band width has been squeezed down to 1.2%.
The price just pierced through the upper band and was immediately yanked back; now it’s sticking to the middle band.
What’s clear: MA5 and MA20 are both at 2,252 and 2,251, and price has temporarily held.
What’s unclear: the volume can’t be built up. For this move, is it a shakeout or distribution?
Only if volume expands and price holds above 2,306 do you have the right to look at 2,334.
If it drifts downward on lighter volume, then 2,222 is a false support, and below that you can only look at 2,122.
My own plan: pull back to the lower Bollinger band at 2,238 to try a long.
If it breaks below 2,222, I’ll admit I’m wrong and cut half at 2,306 first.
Draw your own support/resistance levels—don’t copy mine.
#BTC #ETH #以太坊 #币圈 #行情分析