In-depth analysis of BTW’s 15-minute chart: The downtrend is still intact, and every rebound is an opportunity to get in on the short side!
Let’s review BTW’s recent price action.
This chart is textbook: double top (M top) at the highs -> break below the neckline -> sharp drop (1.66) -> weak rebound (2.1, failed to break above MA99) -> another plunge (current price: 1.77).
A lot of people are asking whether they can buy the dip now.
My conclusion: trying to catch the bottom too early is a dead end.
1. The moving averages (MA7/25/99) are fully aligned in a bearish formation, with no sign of turning around.
2. MACD is below the zero line, and the green bars keep getting longer, showing that bearish momentum is still being released.
3. Current volume (Vol) is rising on declines and shrinking on rebounds—a classic distribution pattern by major players.
A reversal can only be confirmed once the price breaks above MA25 (around 1.90) on strong volume and holds there, while MACD forms a bullish divergence and a golden cross. Trying to catch this falling knife now is just giving your money away.
Do you think it’ll break below 1.66 and search for a bottom, or form a double bottom here and rebound? Leave your bold prediction below—we’ll check back tomorrow!
#BTW #交易策略 #止盈止损
Let’s review BTW’s recent price action.
This chart is textbook: double top (M top) at the highs -> break below the neckline -> sharp drop (1.66) -> weak rebound (2.1, failed to break above MA99) -> another plunge (current price: 1.77).
A lot of people are asking whether they can buy the dip now.
My conclusion: trying to catch the bottom too early is a dead end.
1. The moving averages (MA7/25/99) are fully aligned in a bearish formation, with no sign of turning around.
2. MACD is below the zero line, and the green bars keep getting longer, showing that bearish momentum is still being released.
3. Current volume (Vol) is rising on declines and shrinking on rebounds—a classic distribution pattern by major players.
A reversal can only be confirmed once the price breaks above MA25 (around 1.90) on strong volume and holds there, while MACD forms a bullish divergence and a golden cross. Trying to catch this falling knife now is just giving your money away.
Do you think it’ll break below 1.66 and search for a bottom, or form a double bottom here and rebound? Leave your bold prediction below—we’ll check back tomorrow!
#BTW #交易策略 #止盈止损