To trade, you have to pay attention to the weekly chart; having a general direction in mind is essential. At least it allows for a judgment a month in advance. Will sol drop to double digits this time?
Sol has been rising all day yesterday without any drops, and the four-hour candlestick chart shows a breakout. Today it continues to rise, and the rebound should be the strongest among the major coins.
Bitcoin four-hour K-line pattern, hammer line + confirming bullish line, a very standard bottom reversal signal at the four-hour level, around 89K is very likely the phase bottom of this adjustment. Currently, it is in the early stage of a rebound. Whether it can break out and stabilize at 93,900-94,000 in the next 1-2 days will be the key to determining the height of this rebound. This week is bullish.
My thoughts have never made me a lot of money; it's always about my unwavering persistence that earns me big profits. It's not surprising to judge the market correctly, but it's rare to be able to judge correctly and remain steadfast at the same time. I've found this to be the hardest thing to learn. It seems to have retraced today.
From the monthly K chart, Bitcoin has been rising since the beginning of 2023, and it has been almost three years now, entering a bull market. The highest price of this round of Bitcoin reached a maximum of 130,000.
Bitcoin is bullish tonight; it has only dropped a little after three declines. I have invested all my savings in palu, so tomorrow morning I will see if it’s a surprise or a shock.
I saw at the bottom that it was a new candlestick, the Morning Star, thinking it would rise, but the subsequent candlestick performance was too poor, breaking new lows. Fortunately, I stopped the loss in advance.
Last night at half past eleven, I went long, thinking it was a breakout, but it turned out to be a false breakout. After seeing a big bullish candle break through followed by a small bearish candle, there was an issue with the following candlestick. I shouldn't have gone long. Now I'm stuck.