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May 30 morning: BTC daily chart forms a three black crows pattern: daily chart top divergence: is the top approaching?
Hello everyone, I'm Lao Wang. Today, I will present an analysis of a future trend in article format. Those who watched my video article yesterday should have gained some good insights. In the video, I also reminded everyone to be cautious of the daily chart three black crows pattern. Let's first talk about the weekly K pattern. After breaking the historical high, the weekly K has shown some signs of exhaustion. This situation indicates that continuous efforts to push upwards need to pause and regain strength before continuing to run. If we keep running upwards blindly, it will be very detrimental for the future. Therefore, it's normal for the pullback from the historical high to be 10,000 points. Currently, it's not certain that the weekly K bullish trend has completed. Personally, I also believe it is not that easy to complete this round of bullish trend. A significant pullback would be healthier. Let's patiently wait for the opportunity. Lao Wang has always been waiting for it to reach the projected points on the weekly K, between 125000-128000, which will be the peak of this bull market. Back in April, I had already discussed this with a small group of brothers internally.
The daily level closed a negative line today, forming a pattern of three crows, this pattern is not good for the bulls in the future, but it is also necessary to beware of the appearance of false three crows called washing, then the daily level chart indicator is a divergence pattern, the fast line has crossed the 0 axis, combined with a variety of indicators, then there is a high probability that it will test the weekly K102000-108000, if the later period is here or falls below the 100,000 mark to stop falling, then it will be very beneficial for the market to rise again, There will be a high probability to go to the deduced point, Lao Wang has been patiently waiting for this opportunity to come, within the day to say high short, after all, the indicators are weak, if there is a set of spot brothers, don't worry, there is a chance to untie the set, the first few videos have been reminding everyone, the spot should go, the first escape point is near the historic high, and the last escape point is the point deduced by Lao Wang
Today's entry strategy
107500 Southbound: Risk Control 750 points: Target 2000-3000 points
If going north, let's see if we can place an order at 103800 here. It would be best if we could, but if not, it's okay.