GiraffePiWorld

GiraffePiWorld

EMART is really popular in Korea. You can think of EMART is Korean Style of Walmart. There are always demand of EMART in Korea but chart is not looking very bullish. If Head and Shoulder pattern is confirmed; which price break below the support line, price may touch support of trend line (1300000 - 160000 won). For long term the market will have hard time breaking ATH.

GiraffePiWorld

Samsung entered the bear trend. There is not much to say. Today's Korean news reported few positive news about Samsung's revenue. Especially QLED and DDR RAM sales increased tremendously. However the chart clearly shows the market is in middle of bear market. It is best to wait during consolidation period and looking forward to break resistance or support of...

GiraffePiWorld

According to RSI, the market has oversold. Potential market could bounce. Potential hit 12000 won. If price can not hold 9300, price could fall to 6900 won. p.s. risk management is the key.

GiraffePiWorld

Clearly shows H&S, and personally think the market has shifted to bear market. Could potential bounce at the support area. Could price drop to 75000 - 84000 won.

GiraffePiWorld

It is time to wait and see what happens next. RSI shows low point which means the market has over sold. On top of that, the price is about to touch the support line. If market can hold the current price, we could potentially see bounce. It is the best to wait and get the confirmation instead of guessing for the next move.

GiraffePiWorld

A B C area have heavy rejection from 50% of trending area. Current situation have potential hit the support line area; which is 260000 won. Once price hit support line, make sure check if price is bouncing with high volume to confirm your entering position.

GiraffePiWorld

Clearly shows Head & Shoulder pattern. With fib measurement 0.236 area perfectly meets with strong support area. If price can not hold the current area, we may see price drop to 37000 won. In worst case, aggressive drop would be 22000 won.

GiraffePiWorld

I was curious Bitcoin's market cycle. If this uptrend is valid current chart pattern might work. (If current price can not hold the support line of uptrend, this chart will be useless) Since beginning of Bitcoin till now, the market had three times of bull market and three times of bear market. Each bull market's profit percentage decreases over time. For...