Analysis and interpretation of the chart on 11/24: Pay attention to whether the 30-minute three-buy pattern of BTC has been established.

CN
1 year ago

This morning, I have something to deal with, so let's do a simple analysis of the BTC market.

The big cake is still in a high-level oscillation. At present, the key focus is whether the 30-minute three-buy will be established. If the three-buy is established, the bulls will defeat the bears, leaving the central range and breaking through upwards. The upward line segment of the 4-hour three-buy will be extended.

Let's go directly to the 30-minute chart. We extend the central range. The low point of the pullback last night at 36870 did not enter the central range, which is a potential three-buy point. The term "potential" means that it has not been confirmed on the right side. Once the three-buy is confirmed, the short-term upward space will be opened. Therefore, the trading strategy is very simple: use 26804 as the stop-loss point at the upper edge of the central range, and enter the next pullback pen to take a small risk for a big gain. If it enters the central range, the three-buy may not be established, and it may return to the lower edge of the central range.

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