Chart Pattern Analysis Of Bitcoin.

https://www.tradingview.com/x/3vwFwHJs/

After K0 break up the long-term downtrend line,
K1 tested under low volume.
K2 keeps breaking up to verify another bull run here.

I will try to buy it if the following candles fall back to test 86.5K-85.5K.

Long-85.9K/Target-91K/Stop-85K

Trade active

After K2 break up the downtrend line,
K3 keeps climbing up.
It seems that another bull run had started earlier from K1.
A nearest potential target at about 0.5-0.618fib area.
If I had bought it earlier.
I will try to get out of the market at about 93K area.

Long-86K/Target-93K/Stop-85K

Trade closed: target reached

Note

K3 nearly close upon K0,
It is a strong bullish signal to verify a bull trend.
If the following candles fall to test 0.382fib area,
I will try to buy it there.
It is likely that the following candles will climb up to test 102K area.

Note

K3 close upon the resistance,
It verified that the bull trend is still controlling the market here.
If K4 starts with a bear gap or close below the resistance,
A consolidation will starts here.
I will try to find an opportunity to buy in.

Note

K2 is breaking up another bullish triangle pattern,
It seems that another bull run will start here.

Long-94518/Stop-93518/Target-99K

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