Analysis $BTC on April 23:
- D1 Frame: BTC yesterday created a full green candle with 6k price to affirm a strong upward wave. At this moment, I completely misjudged when thinking BTC would hover around 86-88 for another week before taking off. This led to a considerable loss in my account.
Support: 88k-90k
Resistance: 84 - 100k
- D4 Frame: The D4 chart is currently in a strong upward wave after the D4 candle with a 10k price from 84-94. However, there is a high possibility that the next D4 candle will have a significant adjustment down to the 87-89k range.
=> Analysis:
- BTC will soon have an adjustment to the 87-90 range to welcome those who missed the Long train. This peak of the upward wave will still be very high.
- Yesterday, due to a misjudgment, I incurred a considerable loss in my account. Those who copy haven't set a maximum stop-loss of 20-30% yet, so if you trust, just leave it there; I will trade again when I can determine a new plan.
- For now, the 92-93 range is not a good area to Long, so please don't FOMO. If you like, you can trade at volume x0.5 - x1 only. If it adjusts to 88-90, then DCA more.
This range is also dangerous for shorting as it goes against the trend. In summary, you should aim for the 88-90 area.
Wish you good luck!
For now, my order is on hold; a good point and a new plan will likely emerge after 2 days when the D3 chart has a new candle.