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Review once a day! Making millions! Where to go this afternoon? $BTC
Hello everyone, it's time for yesterday's big cake review!
Recently, big cake hasn't been very friendly to night owls like us! Every day there's a wave in the morning! Whooosh, it surges! Then it starts consolidating at night, like a dead fish! Is this forcing me to adjust my body clock? I have to thank you. Recently my old problem has flared up, intestinal disorder. Every year at this time it's this issue... sigh
As for the cake, last night there were several times it didn't give a chance to get in. Finally after I went off air, it gave an opportunity and I got in, like a bedtime shot, smooth and satisfying!
This morning there was a pump, reaching the key level of 64000. If it firmly closes above 64195, then big cake will enter another range! My view for this afternoon is as follows:
1. If big cake breaks through 64195 with volume and holds above 64200 on the hourly chart, we can target 64742 to 65469.
2. If big cake pulls back but does not break below 62586, it will not continue to decline.
So we trade like this this afternoon:
1. Counter-trend trading (left-side):
Long setup: Place long orders around 62600–63200.
Short setup: Place short orders around 64750–65300.
2. Gambling zone:
Around 64000–64450 you can gamble on short positions. Why can we gamble? First, the condition for big cake to go up is to break 64195 with volume. If it fake breaks without volume and quickly recovers, then it hasn't broken, and it will pull back. Also, 64474 is a minor resistance level. The previous support at 67154 wasn't very solid either. Given that daytime big cake volatility is not too high, even if it really goes up from here, it's not a big problem, at most 1000+ points, technical buy orders won't hold.
We will watch the evening based on the intraday daytime trend, so try to finish the afternoon orders without affecting tonight's operations. $BTC