Summary of August 11-15 and Thoughts from the Early Morning of August 18
This week has been incredibly fruitful. From low to high and back again, the market's biggest drop was nearly 8,000 points. Many of you have been following along this week, and following Uncle Zhang has yielded valuable insights, gained valuable experience, and been truly rewarding. Seize the moment of impending volatility, and you'll naturally achieve what you seek.
When the candlestick chart hits the "transparent wall" of the upper Bollinger Band, don't be fooled by the illusion of a rebound; it's simply a trap set by the bull. Your courage to decisively break the Bollinger Band near the upper Bollinger Band is like a hunter seeing through the disguise of its prey. The moment the price falls below the middle band is the trend's ticket to victory for those who are "clear-headed." Those moments of volatility near the middle band are the sparks of the bull sharpening its sword. When the middle Bollinger Band transforms into a "downward blade," you'll understand that the upper Bollinger Band is a false peak, while the middle band serves as a criterion for the trend. The confidence to trade a bull market lies in the conviction to "follow the Bollinger Band's resistance and seize the bull market's potential."
A 1-hour technical analysis of Bitcoin shows that when the price rebounded to the upper Bollinger Band near 118,500, it was crushed by the bull market. The large bearish candlestick pattern also drew closer to the middle Bollinger Band, signaling the fading of the rebound's momentum. The upper Bollinger Band is also gradually flattening, blocking upward movement, while the middle band is barely holding up. Suburban trading volume exhibits a pattern of "shrinking on rebounds and increasing on declines," resonating with the Bollinger Band trend. The price may develop a bull market trend in the future: "hitting the upper band, losing the middle band, then testing the lower band." If the middle band support briefly breaks, the Bollinger Band opening will widen further, amplifying the downward momentum and providing a continuation signal for the "three-band Bollinger Band coordinated suppression" trend for the kong strategy. However, there's also the possibility of a rebound to the upper Bollinger Band before encountering resistance and falling back. Set a stop sign!
Recommendations:
Big Cake near 118,500 kong, target near 117,000
