$BTC 📚July 18th Chandean Analysis - With 200 million short positions already traded near 120,000, can it stop a major breakout?
📚Current coin price is 119,815, located above the upper track of the 30-minute center (5) at 118,872. ST acts as the first exit segment, with a divergence at point 119,683, forming a level 1 sell on the 30-minute scale. UV serves as the center exit segment and the characteristic sequence of the descending segment TU, which has not yet formed a segment. I won't chase this level 1 sell, continuing with the previous thought process. As long as the first level 2 sell type center of the descending trend cannot be established, I will minimize short positions. The center tells me that it’s about to take off again!
📚Review: Yesterday I saw the formation of a head and shoulders top and decided to try shorting at the upper track of the center at 118,872, adding positions near 119,000, with an average price around 119,400. I have exited with a small profit near the upper track of the retracement center at 118,872, which can be considered a close call. As long as you follow Brother Yan's trading system and thought process and execute strictly, it is impossible to lose; time has already proven everything.
🎈Primarily low long: Continue to buy near the upper track of the center at 118,872, with a stop loss if it retraces and breaks below 116,860. Take profit is to look upwards continuously until seeing the bottom formation and level 2 sell type center!
#ETH突破3600 #美国众议院通过三项加密货币法案
