Quote from: Baofeng on June 08, 2023, 10:37:46 PM

Quote from: Joshapat on May 29, 2023, 10:37:55 AM

It seems that profit is very easy if we think it's easy, unfortunately many people are too afraid to buy for fear that the price will go down, and in my opinion the best thing right now is to buy immediately, if we focus on long-term hold then we have a chance to profit 100x or more but if we make it daily trading then immediately sell when it has a profit of at least 5%.

And I think the analysis is still valid up to this point, with the recent SEC with hunt against exchanges, we've seen the price going down to as low as $25k, in which the graph being drawn up by the OP can't be seen along that line.

So good for him, if he was able to sell because of this analysis and take the profits. Although I would say that I did sell around first week of April, not because I think it's the perfect time, but I needed some money for emergency purposes and looking back, I would say that I timing the market right as well as it is way above what the current price. But I have to get it back right away though, some DCA to continue stacking sats.

Like you, I have been following the pattern till today, it's still very much valid and might remain like this in months as the monthly chart confirms a bearish trend too. It was delayed though, this is normal in some market conditions, that's why it's always good to be patient with your view, especially when there is no viable opposite pattern formed to counter your expectation.

Quote from: dansus021 on June 10, 2023, 03:34:05 PM

Well the bearish already started again from the SEC news.
Daily candle Bitcoin retest at 26K level and that is 200 EMA and also previous support hope the news is clear and rebound from that

One thing I have noticed about the technical analysis, particularly on the long-term disposition is that, no matter what, the market tends to align for the pattern for it to be realized. Surprisingly, even the news and economic data would work in favour of that direction in most cases.