#BTC Let’s look at the weekly chart pattern level for the “cake”:


- Right now, the weekly chart has completed the Shark standard pattern (reaching 0.886), then stopped falling and started low-range sideways consolidation to accumulate—this is also exactly where the weekly and monthly Bollinger support levels are, and it’s around the 6w area, the big double-bottom position.
- If it can hold above 6w+ (wicks don’t count), there’s a chance it could start to move in July to August, but you also need to be ready for a breakdown (use breakdown protection). Once strong support is broken, it’s extremely dangerous—the 1.13 Shark level is around 3.9w.
- Think ahead and plan it all thoroughly—only with proper position management can you be prepared for anything.
BTC2.92%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned