Analysis $BTC on 10/5:
- Daily Frame: BTC touched 104x and had a slight correction down to 102, closing the daily candle red at around 103x. The 103x area is quite sensitive as it confirms the down or up trend of the larger frame. Therefore, a red candle here is a bad sign.
Support: 101500 - 100500
Resistance: 104500 - 108000
- D3 Frame: Today, a new D3 candle opened, the D3 chart is still in a very strong upward wave with no signs of correction yet. Therefore, waiting for BTC to drop to 100x or 9x to exit or enter a new position is missing the boat. BTC may have a correction but only down to the maximum of 101x before continuing to rise. I still predict this D3 candle will remain green and reach new highs.
- Weekly Frame is looking very good around 103x. I have analyzed this W candle in detail in previous posts. There are 2 targets for this W candle closing. 1 is the 103x area. 2 is the 106-108 area.
Therefore, I always call on everyone to Long this upward wave optimally. Limit shorts until there are any clear correction signals.
=> Prediction:
- BTC will temporarily pause around 102-104 over the last 2 days of the weekend and continue to rise strongly next week.
- There are some questions about why I continue to call everyone to Long when the 4H frame formed a clear reversal divergence yesterday. I also share with everyone that when BTC moves with a large price, it can easily cause divergence reversal phenomena, but unlike usual, the price may continue to rise or stay still, causing everyone to short and get wiped out.
I have drawn this from my own practical experience.
Therefore, when I called everyone to continue Long in the range of 1030-1033 yesterday, it was not FOMO Long but based on careful analysis.
I also called everyone to take profit at 1040x today and prepare to re-enter at a lower price for a strong upward movement ahead.
- I will update detailed price levels in the future.
Wishing everyone a happy weekend!
- Daily Frame: BTC touched 104x and had a slight correction down to 102, closing the daily candle red at around 103x. The 103x area is quite sensitive as it confirms the down or up trend of the larger frame. Therefore, a red candle here is a bad sign.
Support: 101500 - 100500
Resistance: 104500 - 108000
- D3 Frame: Today, a new D3 candle opened, the D3 chart is still in a very strong upward wave with no signs of correction yet. Therefore, waiting for BTC to drop to 100x or 9x to exit or enter a new position is missing the boat. BTC may have a correction but only down to the maximum of 101x before continuing to rise. I still predict this D3 candle will remain green and reach new highs.
- Weekly Frame is looking very good around 103x. I have analyzed this W candle in detail in previous posts. There are 2 targets for this W candle closing. 1 is the 103x area. 2 is the 106-108 area.
Therefore, I always call on everyone to Long this upward wave optimally. Limit shorts until there are any clear correction signals.
=> Prediction:
- BTC will temporarily pause around 102-104 over the last 2 days of the weekend and continue to rise strongly next week.
- There are some questions about why I continue to call everyone to Long when the 4H frame formed a clear reversal divergence yesterday. I also share with everyone that when BTC moves with a large price, it can easily cause divergence reversal phenomena, but unlike usual, the price may continue to rise or stay still, causing everyone to short and get wiped out.
I have drawn this from my own practical experience.
Therefore, when I called everyone to continue Long in the range of 1030-1033 yesterday, it was not FOMO Long but based on careful analysis.
I also called everyone to take profit at 1040x today and prepare to re-enter at a lower price for a strong upward movement ahead.
- I will update detailed price levels in the future.
Wishing everyone a happy weekend!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,976.85
+0.24%