WindyTheTrader
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📊 Analysis of BTC at the end of the week
📅 BTC on the W frame has formed an inverted red hammer candle continuing a long-bodied red candle, fluctuating around the price level of 66.6k RSI after a slight recovery from the oversold area is now continuing to head down, the possibility of continuing to drop into the oversold area is high.
In many years of history, there has been only one instance of the W frame, where RSI dropped into the oversold area, then the price sideway down created a new bottom but not too deep and RSI created divergence.
👉 If history repeats itself, there is a possibility that BTC will continue to drop to the area of 58k – 50k.
On the daily frame, the last 2 days of the weekend the price is sideway, low volume as usual, RSI weakens with a downward trend.
On the 4h frame, BTC price is sideway up pressing close to EMA21, the price is moving within the range created by a previous green candle.
The RSI on the 4h frame also shows one instance of being oversold and RSI has had a wave of recovery but not enough to signal significant accumulation. The likelihood that BTC price will continue to drop is quite high in this 4h frame.
➡️ Therefore, the scenario should lean more towards the short side.
📉 Scenario 1
At the beginning of the week, the price recovers to the area of 67k4, this is the price zone of a previously broken short-term bottom. If a shooting star candle appears here,
👉 The possibility that this is a liquidity grab sign, then it will be a signal to possibly start entering a short position. This scenario may have a high probability.
📉 Scenario 2
If the BTC price breaks below the range, closing below 66k3 clearly, then one can also look for short scalp opportunities according to the bias that the price may drop further to create an RSI divergence 👉 After that, wait for accumulation signs and a reversal after the divergence to long again.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 BTC on the W frame has formed an inverted red hammer candle continuing a long-bodied red candle, fluctuating around the price level of 66.6k RSI after a slight recovery from the oversold area is now continuing to head down, the possibility of continuing to drop into the oversold area is high.
In many years of history, there has been only one instance of the W frame, where RSI dropped into the oversold area, then the price sideway down created a new bottom but not too deep and RSI created divergence.
👉 If history repeats itself, there is a possibility that BTC will continue to drop to the area of 58k – 50k.
On the daily frame, the last 2 days of the weekend the price is sideway, low volume as usual, RSI weakens with a downward trend.
On the 4h frame, BTC price is sideway up pressing close to EMA21, the price is moving within the range created by a previous green candle.
The RSI on the 4h frame also shows one instance of being oversold and RSI has had a wave of recovery but not enough to signal significant accumulation. The likelihood that BTC price will continue to drop is quite high in this 4h frame.
➡️ Therefore, the scenario should lean more towards the short side.
📉 Scenario 1
At the beginning of the week, the price recovers to the area of 67k4, this is the price zone of a previously broken short-term bottom. If a shooting star candle appears here,
👉 The possibility that this is a liquidity grab sign, then it will be a signal to possibly start entering a short position. This scenario may have a high probability.
📉 Scenario 2
If the BTC price breaks below the range, closing below 66k3 clearly, then one can also look for short scalp opportunities according to the bias that the price may drop further to create an RSI divergence 👉 After that, wait for accumulation signs and a reversal after the divergence to long again.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC Market Update
📅 Daily Frame (D)
BTC closed with a long red candle, short wicks breaking through the diagonal trendline, gradually increasing volume confirms the bearish structure on the daily frame, along with the RSI signal having dropped below the 50 line and potentially continuing to descend into the oversold region on the daily frame.
⏱️ 4H Frame
Currently, the price is fluctuating in the range of 68k – 66k on the 4h frame after a significant price drop. This is a common sign of a temporary pause after strong price movements. On the 4h frame, after the price reaches the 65k6 area, it is considered the last strong OB zone of the buyers, simultaneously combined with an oversold RSI.
➡️ Currently, the price is showing a recovery trend but lacks participation from buyers, indicated by weak volume.
📉 Short Scenario (following the trend)
After the price range of 69k – 67.4k was breached, this price range has become a new resistance level. To follow the trend, this is a range to consider, waiting for an opportunity to continue shorting.
📈 Long Scenario (high risk)
For the long direction (this scenario may be riskier): If the BTC price does not recover high but continues to drop, creating a new low, and if the RSI shows signs of divergence, then start to consider long opportunities, but one should not expect too much.
$BTC
@Chan Chảnh Choẹ
#FromDustWeArise
📅 Daily Frame (D)
BTC closed with a long red candle, short wicks breaking through the diagonal trendline, gradually increasing volume confirms the bearish structure on the daily frame, along with the RSI signal having dropped below the 50 line and potentially continuing to descend into the oversold region on the daily frame.
⏱️ 4H Frame
Currently, the price is fluctuating in the range of 68k – 66k on the 4h frame after a significant price drop. This is a common sign of a temporary pause after strong price movements. On the 4h frame, after the price reaches the 65k6 area, it is considered the last strong OB zone of the buyers, simultaneously combined with an oversold RSI.
➡️ Currently, the price is showing a recovery trend but lacks participation from buyers, indicated by weak volume.
📉 Short Scenario (following the trend)
After the price range of 69k – 67.4k was breached, this price range has become a new resistance level. To follow the trend, this is a range to consider, waiting for an opportunity to continue shorting.
📈 Long Scenario (high risk)
For the long direction (this scenario may be riskier): If the BTC price does not recover high but continues to drop, creating a new low, and if the RSI shows signs of divergence, then start to consider long opportunities, but one should not expect too much.
$BTC
@Chan Chảnh Choẹ
#FromDustWeArise
📊 BTC Analysis at the end of March 27
BTC has followed a strong downward scenario back to the price range of 66k after bouncing back to the price range of 70k two days ago
At the daily frame, at the current time, the price is forming a long red candle breaking through the diagonal trend line while also breaking through the bottom created by the green candle on June 23, creating a CHOCH and confirming the signal to return to the first downtrend, RSI touching the average line right at the 50 mark and then decreasing
Looking at the 4h frame, the downward wave is firmly locked in with high volume, the RSI in the 4h frame has dropped to the oversold area supporting the weakness and has not seen any signs of buying participation, the possibility that the price will break through the mark of 65k is quite high
If today's daily candle closes below the mark of 65k2, the probability of a downtrend will continue to be very high, corresponding to the daily RSI having much room to drop to the oversold area
🎯 The next price target will be the price range below 60k
👉 Trading plan
With these signs, the trading strategy should prioritize trend-following shorts
➡️ When the price bounces back to the range of 68k, continue to look for short positions
Reverse scenario (low probability)
Conversely, with low probability, on the 4h frame, the price sweeps through the mark of 65k2 with a strong wick and then re-accumulates, one can seek a long scalp order with this signal 📈
$BTC
#FromDustWeArise
@chanchan147
BTC has followed a strong downward scenario back to the price range of 66k after bouncing back to the price range of 70k two days ago
At the daily frame, at the current time, the price is forming a long red candle breaking through the diagonal trend line while also breaking through the bottom created by the green candle on June 23, creating a CHOCH and confirming the signal to return to the first downtrend, RSI touching the average line right at the 50 mark and then decreasing
Looking at the 4h frame, the downward wave is firmly locked in with high volume, the RSI in the 4h frame has dropped to the oversold area supporting the weakness and has not seen any signs of buying participation, the possibility that the price will break through the mark of 65k is quite high
If today's daily candle closes below the mark of 65k2, the probability of a downtrend will continue to be very high, corresponding to the daily RSI having much room to drop to the oversold area
🎯 The next price target will be the price range below 60k
👉 Trading plan
With these signs, the trading strategy should prioritize trend-following shorts
➡️ When the price bounces back to the range of 68k, continue to look for short positions
Reverse scenario (low probability)
Conversely, with low probability, on the 4h frame, the price sweeps through the mark of 65k2 with a strong wick and then re-accumulates, one can seek a long scalp order with this signal 📈
$BTC
#FromDustWeArise
@chanchan147
BTC continues to trend sideways in the 4h frame, currently still moving within the range of 70k5 to 72k
In the H1 frame, structurally, it can be seen that BTC has made lower highs while RSI is weakening
This sideways trend has been maintained for almost 3 days since the strong recovery from the price range of 68k
The volume of red candles is slightly higher than green candles, indicating that the buying side has not increased momentum to push the price
strongly. The two bull factions are caught in a state of indecision with no clear trend.
Currently, the short plan when the price breaks and cannot hold above the price level of 70k5, the H1 structure confirms a price decrease is still active
Expect the price to drop back to the price level of 68k
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
In the H1 frame, structurally, it can be seen that BTC has made lower highs while RSI is weakening
This sideways trend has been maintained for almost 3 days since the strong recovery from the price range of 68k
The volume of red candles is slightly higher than green candles, indicating that the buying side has not increased momentum to push the price
strongly. The two bull factions are caught in a state of indecision with no clear trend.
Currently, the short plan when the price breaks and cannot hold above the price level of 70k5, the H1 structure confirms a price decrease is still active
Expect the price to drop back to the price level of 68k
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
After the candle closed yesterday as a long lower wick red hammer candle, continuing the upward trend from yesterday, BTC rose slightly to the price level of 72k, sweeping through the highest price of the green candle on March 23.
Then it dropped back during the US session today.
In the 4h timeframe, we can clearly see the engulfing candle with high volume after the BTC price recovered to the level of 72k.
❓ Is this a sign of liquidity sweeping followed by a drop from the big players?
Currently, in the 4h timeframe, the price is at the equilibrium zone, still being held above EMA21, RSI has not dropped below 50.
➡️ Therefore, the recovery wave of BTC is not completely weakened, it is still advisable to wait for a few confirming factors.
📉 Trading scenario
Wait for a few more 4h candles, watch the price:
- Close below EMA21
- RSI crosses down below the average line and slopes down below 50
➡️ At that point, the probability of BTC continuing the downtrend is higher, can expect the price to drop to the 67k zone and lower.
📈 Scenario 2
If the price continues to sideway up, breaking through the 72k level in the smaller timeframe (1h, 15m), can long scalp up to the price zone of 72k 🚀
👉 Then observe the price action to decide whether to continue long or short.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
Then it dropped back during the US session today.
In the 4h timeframe, we can clearly see the engulfing candle with high volume after the BTC price recovered to the level of 72k.
❓ Is this a sign of liquidity sweeping followed by a drop from the big players?
Currently, in the 4h timeframe, the price is at the equilibrium zone, still being held above EMA21, RSI has not dropped below 50.
➡️ Therefore, the recovery wave of BTC is not completely weakened, it is still advisable to wait for a few confirming factors.
📉 Trading scenario
Wait for a few more 4h candles, watch the price:
- Close below EMA21
- RSI crosses down below the average line and slopes down below 50
➡️ At that point, the probability of BTC continuing the downtrend is higher, can expect the price to drop to the 67k zone and lower.
📈 Scenario 2
If the price continues to sideway up, breaking through the 72k level in the smaller timeframe (1h, 15m), can long scalp up to the price zone of 72k 🚀
👉 Then observe the price action to decide whether to continue long or short.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC analysis for March 24
📌 Technical factors
BTC closed the day with a long green candle with a slight upper wick, volume was also quite impressive, the closing price remains above the EMA21 level
RSI interacts with the average line right at the 50 mark
The highest price yesterday swept through the peak of the previous 4 candles touching the FVG area on the daily frame
⏱️ 4H frame
In the 4h frame, we can clearly see the price reaction when it hits the price area 71k6 at this FVG with candles having long upper wicks
RSI in the 4h frame created 2 bottoms surging above 50, this can also be seen as a divergence signal 📊
🧠 Market sentiment
In terms of sentiment, after the price reacted strongly at the time of the news release, the upward force always paused
BTC and the market are sideway again, demonstrating the still cautious sentiment of buyers
🔍 General assessment
Considering the factors, today is likely to be a sideway day, re-accumulating
Therefore, the trading scenarios for today are:
📈 Long scenario
If BTC sideway up creates a bullish flag pattern in a smaller frame (1h):
➡️ Then one can expect a long position up to the price area 73k5 🚀
Or conversely, wait for the price to drop to the previous area of 68k5 which has formed a small accumulation zone
➡️ If the price rebounds here, there will be a reaction so one can long scalp
⚠️ However, due to the larger frame (4h) not confirming the upward reversal signal yet, it is necessary to note that the scenario may return to a downtrend in the larger frame
📉 Short scenario
If BTC sideway down and signs of a transition to a bearish structure appear in the 1h frame
👉 One can target short back to the area of 68k5
If buyers cannot maintain this area, the next lower areas are 63k – 62k 🔻
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📌 Technical factors
BTC closed the day with a long green candle with a slight upper wick, volume was also quite impressive, the closing price remains above the EMA21 level
RSI interacts with the average line right at the 50 mark
The highest price yesterday swept through the peak of the previous 4 candles touching the FVG area on the daily frame
⏱️ 4H frame
In the 4h frame, we can clearly see the price reaction when it hits the price area 71k6 at this FVG with candles having long upper wicks
RSI in the 4h frame created 2 bottoms surging above 50, this can also be seen as a divergence signal 📊
🧠 Market sentiment
In terms of sentiment, after the price reacted strongly at the time of the news release, the upward force always paused
BTC and the market are sideway again, demonstrating the still cautious sentiment of buyers
🔍 General assessment
Considering the factors, today is likely to be a sideway day, re-accumulating
Therefore, the trading scenarios for today are:
📈 Long scenario
If BTC sideway up creates a bullish flag pattern in a smaller frame (1h):
➡️ Then one can expect a long position up to the price area 73k5 🚀
Or conversely, wait for the price to drop to the previous area of 68k5 which has formed a small accumulation zone
➡️ If the price rebounds here, there will be a reaction so one can long scalp
⚠️ However, due to the larger frame (4h) not confirming the upward reversal signal yet, it is necessary to note that the scenario may return to a downtrend in the larger frame
📉 Short scenario
If BTC sideway down and signs of a transition to a bearish structure appear in the 1h frame
👉 One can target short back to the area of 68k5
If buyers cannot maintain this area, the next lower areas are 63k – 62k 🔻
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 Market analysis for the start of the week
Thus, BTC has indeed reacted at the price zone of 68k at the demand zone on the daily frame specifically at 67k4, after accumulating in the 1h frame and starting to show reversal signals such as oversold RSI, divergence, and EMA21 flattening out
Although it was predicted that the price would react to this price zone for a bounce, at 18:00 before the US session began, the market unexpectedly had a strong price increase
➡️ It is likely that President Trump's statement about the Iran war has realized this upward movement
❓ Will this price increase be sustainable or is it just a charting trick to take liquidity at the price zone of 71k6
⏱️ In the 4h frame, it can be clearly seen that the price is reacting to the price zone of 71k5, which is the imbalance zone on the daily frame created by the red candle on March 18 and a long upper shadow doji candle appears, not yet creating a break of the bearish structure by the body of the candle.
👉 Therefore, in the 4h frame, the reversal structure cannot be confirmed yet; we need to wait for a few more 4h candles to close to confirm the signal
📈 Scenario 1: If the price maintains the mark of 70k6 and sideways in this area creating momentum with signs that the price is still above EMA21 (4h frame), and gradually compressing up to the mark of 72k, with RSI supporting when maintaining above 50, BTC is likely to have momentum to continue increasing and the next mark is the resistance of the sellers at 75k
📉 Scenario 2: The price only increases to take liquidity and then decreases again, at this point the buyers' resistance at 68k may be broken 🔻 But for now, with the strong upward force like today’s US session, this possibility may be low, be patient and wait for a sideways movement to observe further.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
Thus, BTC has indeed reacted at the price zone of 68k at the demand zone on the daily frame specifically at 67k4, after accumulating in the 1h frame and starting to show reversal signals such as oversold RSI, divergence, and EMA21 flattening out
Although it was predicted that the price would react to this price zone for a bounce, at 18:00 before the US session began, the market unexpectedly had a strong price increase
➡️ It is likely that President Trump's statement about the Iran war has realized this upward movement
❓ Will this price increase be sustainable or is it just a charting trick to take liquidity at the price zone of 71k6
⏱️ In the 4h frame, it can be clearly seen that the price is reacting to the price zone of 71k5, which is the imbalance zone on the daily frame created by the red candle on March 18 and a long upper shadow doji candle appears, not yet creating a break of the bearish structure by the body of the candle.
👉 Therefore, in the 4h frame, the reversal structure cannot be confirmed yet; we need to wait for a few more 4h candles to close to confirm the signal
📈 Scenario 1: If the price maintains the mark of 70k6 and sideways in this area creating momentum with signs that the price is still above EMA21 (4h frame), and gradually compressing up to the mark of 72k, with RSI supporting when maintaining above 50, BTC is likely to have momentum to continue increasing and the next mark is the resistance of the sellers at 75k
📉 Scenario 2: The price only increases to take liquidity and then decreases again, at this point the buyers' resistance at 68k may be broken 🔻 But for now, with the strong upward force like today’s US session, this possibility may be low, be patient and wait for a sideways movement to observe further.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 Quick analysis of BTC at the weekend
📅 Day frame (D)
BTC continues to drop in the last 2 days of the weekend, On Saturday BTC closed with a red daily candle, although the volume is low but it is a long body candle with little lower wick
However, as Sunday morning arrives, in the 4h frame, we can see the appearance of a support force with long lower wick green candles and the price going sideways throughout the day
➡️ That could be the first reaction signal from the buyers when the price reaches the area of 68k
However, regarding the structure, there are still no positive signals for the upward direction.
📉 The RSI indicator is beginning to show signs of bottoming but has not diverged, EMA21 is still strongly sloping ➡️ Therefore, one should not expect an upward movement too soon, we need to wait for additional signals, BTC is forming a consolidation pattern in the price range of 68k 66k along with signs of EMA21 moving sideways and RSI diverging 👉 At that time, the opportunity for an upward movement will be clearer.
Taking a brief look at the W frame, if nothing changes, it is highly likely that the W frame will close with a red candle with little lower wick
➡️ Not favorable for the upward direction but will continue to drop
🎯 Next action
Monitor long scalp from the area of 66k up to the area of 69k 📈
Monitor short swing from the area of 69 – 70k down to the area of 50k 🔻
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Day frame (D)
BTC continues to drop in the last 2 days of the weekend, On Saturday BTC closed with a red daily candle, although the volume is low but it is a long body candle with little lower wick
However, as Sunday morning arrives, in the 4h frame, we can see the appearance of a support force with long lower wick green candles and the price going sideways throughout the day
➡️ That could be the first reaction signal from the buyers when the price reaches the area of 68k
However, regarding the structure, there are still no positive signals for the upward direction.
📉 The RSI indicator is beginning to show signs of bottoming but has not diverged, EMA21 is still strongly sloping ➡️ Therefore, one should not expect an upward movement too soon, we need to wait for additional signals, BTC is forming a consolidation pattern in the price range of 68k 66k along with signs of EMA21 moving sideways and RSI diverging 👉 At that time, the opportunity for an upward movement will be clearer.
Taking a brief look at the W frame, if nothing changes, it is highly likely that the W frame will close with a red candle with little lower wick
➡️ Not favorable for the upward direction but will continue to drop
🎯 Next action
Monitor long scalp from the area of 66k up to the area of 69k 📈
Monitor short swing from the area of 69 – 70k down to the area of 50k 🔻
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
Analysis of BTC on March 21
BTC closed with a small green body and wicks on both ends, closing right at EMA21, RSI is moving sideways right at the 50 region => Thus, the temporary trend is sideways, the possibility of the last 2 days of the weekend will see little volatility and the price will create a sideways region with small body candles, the possibility of a move next Monday.
Looking at the 4h frame, the price is sideways, volume is gradually decreasing, the market lacks liquidity at the end of the weekend. Based on technical factors, the price is moving sideways but RSI has gradually climbed from the 30 region close to oversold to the 50 region.
This could be a sign indicating a small corrective wave in the 4h frame and a return to decrease with a truly oversold RSI.
Scenarios:
Scenario 1: In the 4h frame, waiting for the price to interact with ema21 how the candles close and the compatible volume to predict the next direction. If the candles close nicely above ema21, there is a possibility of an additional rise to the FVG region at 72-73k, this area will be a potential area to short more.
Scenario 2: If the price hovers around and closes below ema21 in the 4h frame, then one can look for short opportunities down to the 68k region first.
The remaining plan is to closely monitor the price reacting at the 68 67k region, whether the corrective wave of BTC has truly ended or if there is still an opportunity to grow to higher levels.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
BTC closed with a small green body and wicks on both ends, closing right at EMA21, RSI is moving sideways right at the 50 region => Thus, the temporary trend is sideways, the possibility of the last 2 days of the weekend will see little volatility and the price will create a sideways region with small body candles, the possibility of a move next Monday.
Looking at the 4h frame, the price is sideways, volume is gradually decreasing, the market lacks liquidity at the end of the weekend. Based on technical factors, the price is moving sideways but RSI has gradually climbed from the 30 region close to oversold to the 50 region.
This could be a sign indicating a small corrective wave in the 4h frame and a return to decrease with a truly oversold RSI.
Scenarios:
Scenario 1: In the 4h frame, waiting for the price to interact with ema21 how the candles close and the compatible volume to predict the next direction. If the candles close nicely above ema21, there is a possibility of an additional rise to the FVG region at 72-73k, this area will be a potential area to short more.
Scenario 2: If the price hovers around and closes below ema21 in the 4h frame, then one can look for short opportunities down to the 68k region first.
The remaining plan is to closely monitor the price reacting at the 68 67k region, whether the corrective wave of BTC has truly ended or if there is still an opportunity to grow to higher levels.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC analysis for March 20
📅 Daily frame (D)
BTC closed that day with a lower wick but closed below the EMA21, RSI has crossed down the average line and the 50 mark 📉
⏱️ In the 4h frame, we can see that by the end of the day there was a slight recovery but still following the plan that when the price retraces to the 71k zone, there will be selling pressure again and the expected zone remains at the 68k 67k price range.
📊 Structural perspective
If looking at the daily frame, we still need to wait to see if this drop breaks the daily upward structure or not; buyers may still be hoping that this price range will maintain the upward structure for BTC.
➡️ If this range is held in the coming days, the scenario of BTC rising again could still occur, and the answer may come next week.
However, looking at the 3D frame, we can see that yesterday's 3D candle closed as an engulfing candle.
➡️ After the price touched the EMA21, this pattern also signals a bearish sign for BTC 🔻
⚖️ Note
When different frames tell different stories, traders need to be alert in managing capital and setting reasonable expectations.
🎯 Next action
Maintain the old scenario, waiting for the price to reach the 68k zone to catch the long wave in the smaller frame 📈
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Daily frame (D)
BTC closed that day with a lower wick but closed below the EMA21, RSI has crossed down the average line and the 50 mark 📉
⏱️ In the 4h frame, we can see that by the end of the day there was a slight recovery but still following the plan that when the price retraces to the 71k zone, there will be selling pressure again and the expected zone remains at the 68k 67k price range.
📊 Structural perspective
If looking at the daily frame, we still need to wait to see if this drop breaks the daily upward structure or not; buyers may still be hoping that this price range will maintain the upward structure for BTC.
➡️ If this range is held in the coming days, the scenario of BTC rising again could still occur, and the answer may come next week.
However, looking at the 3D frame, we can see that yesterday's 3D candle closed as an engulfing candle.
➡️ After the price touched the EMA21, this pattern also signals a bearish sign for BTC 🔻
⚖️ Note
When different frames tell different stories, traders need to be alert in managing capital and setting reasonable expectations.
🎯 Next action
Maintain the old scenario, waiting for the price to reach the 68k zone to catch the long wave in the smaller frame 📈
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC Market Update
BTC continues its strong downtrend after the long red candle of yesterday, currently breaking through the weak support level in the 4H frame at 70k. With such a steep and decisive decline, it is highly likely that BTC has finished the retracement wave.
⏱️ Structure / Momentum
In the 4H frame: RSI has dropped sharply into the oversold region, the price is approaching the 68k zone according to a previously established scenario. This is the Demand zone in the daily frame, so there may be a short-term retracement reaction.
After the price level of 70k – 70k5 was broken, this support area has likely become a resistance area (flip zone). Therefore, if the price retraces from the demand zone, the next level to watch will be this level.
Let's take a look at some macro indicators:
- BTC.D → down, sideways down trend
- STABLE.D → moves against BTC, if BTC has not yet broken the upward structure and is moving within an uptrend channel, then STABLE.D will similarly follow.
Although market pressure still seems to be leaning towards a downtrend and the probability is high that the retracement wave on the larger frame has ended, the last stronghold of the buyers is the unbroken upward structure, the price zone of 68k is the final barrier.
📈 Scenario 1: Price rebounds at 68k, can long scalp target: 70k3 – 70k5
📉 Scenario 2: Breakdown at 67k, BTC is highly likely to return to downtrend 🔻
🎯 Trade Plan
Wait for the price to return to 68k, observe the smaller frame, look for reversal patterns → long scalp 📈
📌 After the rebound, wait for the price to return to 70k, observe the price reaction before deciding whether to continue long or switch to short.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
BTC continues its strong downtrend after the long red candle of yesterday, currently breaking through the weak support level in the 4H frame at 70k. With such a steep and decisive decline, it is highly likely that BTC has finished the retracement wave.
⏱️ Structure / Momentum
In the 4H frame: RSI has dropped sharply into the oversold region, the price is approaching the 68k zone according to a previously established scenario. This is the Demand zone in the daily frame, so there may be a short-term retracement reaction.
After the price level of 70k – 70k5 was broken, this support area has likely become a resistance area (flip zone). Therefore, if the price retraces from the demand zone, the next level to watch will be this level.
Let's take a look at some macro indicators:
- BTC.D → down, sideways down trend
- STABLE.D → moves against BTC, if BTC has not yet broken the upward structure and is moving within an uptrend channel, then STABLE.D will similarly follow.
Although market pressure still seems to be leaning towards a downtrend and the probability is high that the retracement wave on the larger frame has ended, the last stronghold of the buyers is the unbroken upward structure, the price zone of 68k is the final barrier.
📈 Scenario 1: Price rebounds at 68k, can long scalp target: 70k3 – 70k5
📉 Scenario 2: Breakdown at 67k, BTC is highly likely to return to downtrend 🔻
🎯 Trade Plan
Wait for the price to return to 68k, observe the smaller frame, look for reversal patterns → long scalp 📈
📌 After the rebound, wait for the price to return to 70k, observe the price reaction before deciding whether to continue long or switch to short.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC End-of-Day Update 03/18
Today there has been a significant drop in the market after a tight sideways day, and the price of BTC has reached the 71.5k level as previously anticipated.
📌 This is a convergence area with many technical factors: Fibo 0.5 of the upward wave from 65.8k → 76k, EMA21, and RSI retesting the 50 zone on the daily frame.
➡️ In terms of structure, it temporarily maintains an upward structure.
⏱️ However, in the 4H frame, this downward wave appears quite strong and decisive with high volume. The likelihood of the Fibo 0.5 zone holding the price is low. The next potential area the price may reach is the demand zone on the daily frame at the 68k mark.
Trading scenarios:
📉 Scenario 1: Currently, the price has dropped with a strong leg down to the Fibo 0.5 price area; if the price has a short pause, you could wait for the price to break through the 70 mark to short scalp down to 68k.
📈 Scenario 2: Wait for the price to react at 68k because this is the demand zone on the daily frame; look for a reversal signal in the smaller frame to potentially long. The expected targets are 70.5k and 74k, and whether the price increases further on the daily frame needs to be monitored.
⚠️ Scenario 3: Daily frame reversal.
With the strong downward force in the 4H frame, it is possible that BTC has reached a maximum retracement and is preparing for a daily wave down below 60k.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
Today there has been a significant drop in the market after a tight sideways day, and the price of BTC has reached the 71.5k level as previously anticipated.
📌 This is a convergence area with many technical factors: Fibo 0.5 of the upward wave from 65.8k → 76k, EMA21, and RSI retesting the 50 zone on the daily frame.
➡️ In terms of structure, it temporarily maintains an upward structure.
⏱️ However, in the 4H frame, this downward wave appears quite strong and decisive with high volume. The likelihood of the Fibo 0.5 zone holding the price is low. The next potential area the price may reach is the demand zone on the daily frame at the 68k mark.
Trading scenarios:
📉 Scenario 1: Currently, the price has dropped with a strong leg down to the Fibo 0.5 price area; if the price has a short pause, you could wait for the price to break through the 70 mark to short scalp down to 68k.
📈 Scenario 2: Wait for the price to react at 68k because this is the demand zone on the daily frame; look for a reversal signal in the smaller frame to potentially long. The expected targets are 70.5k and 74k, and whether the price increases further on the daily frame needs to be monitored.
⚠️ Scenario 3: Daily frame reversal.
With the strong downward force in the 4H frame, it is possible that BTC has reached a maximum retracement and is preparing for a daily wave down below 60k.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC Market Update
Instead of reversing after the pinbar candle, BTC continues to rise strongly, breaking through the local peak of 74k, creating a structural break with a long-bodied candle, strong momentum, and above-average volume. The daily RSI is strong according to the upward structure.
📌 Thus, there is a solid basis to expect the bullish wave to continue. The 68k – 67k range will become a strong demand zone, and we can expect price support if BTC retraces.
Currently, BTC is starting to show its first adjustment signal after 9 consecutive days of increase. In the smaller frame, one can wait for the price to retrace to important areas or the demand zone to find long opportunities.
As for altcoins, can we expect a growth wave?
BTC.D is still moving sideways, Stable.d is in a downward structure on the daily frame; however, Others.D is also moving sideways, closely following the diagonal resistance trendline.
If capital flows into altcoins, the first clear sign will be Others.D breaking the downward trendline, at which point altcoins may recover strongly.
🎯 Trade Plan for BTC
Wait for the price to retrace to the nice area. Priority areas: 71k – 69k, 68k – 67k (demand zone)
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
Instead of reversing after the pinbar candle, BTC continues to rise strongly, breaking through the local peak of 74k, creating a structural break with a long-bodied candle, strong momentum, and above-average volume. The daily RSI is strong according to the upward structure.
📌 Thus, there is a solid basis to expect the bullish wave to continue. The 68k – 67k range will become a strong demand zone, and we can expect price support if BTC retraces.
Currently, BTC is starting to show its first adjustment signal after 9 consecutive days of increase. In the smaller frame, one can wait for the price to retrace to important areas or the demand zone to find long opportunities.
As for altcoins, can we expect a growth wave?
BTC.D is still moving sideways, Stable.d is in a downward structure on the daily frame; however, Others.D is also moving sideways, closely following the diagonal resistance trendline.
If capital flows into altcoins, the first clear sign will be Others.D breaking the downward trendline, at which point altcoins may recover strongly.
🎯 Trade Plan for BTC
Wait for the price to retrace to the nice area. Priority areas: 71k – 69k, 68k – 67k (demand zone)
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
BTC just had a strong increase overnight before entering the Asian session with decent volume on the 4H frame, forming a fairly strong green daily candle and a weekly candle with little wicks. Is this a move to paint the chart by whales to push the buying FOMO? In terms of the RSI indicator on the daily frame, it is still quite strong, ema21 is trending upwards, temporarily supporting the upward direction. However, the 74k mark has not yet been broken, so this area remains an important resistance.
⏱️ In the 4H frame, the last bullish candle of the session had relatively good strength, so it’s not advisable to short right away. The upward wave structure is still intact, possibly nearing the end of wave 5 of the upward movement, so the termination signal is not yet clear.
Short-term liquidity is currently at 74k → the nearest resistance area is around the recent peak where sellers may continue to defend.
🎯 Trigger / Trade Idea
The current price area is likely to be a battleground between the two sides, so it is advisable not to rush, and to wait until after the Asian session for clearer price action.
Short setup: wait for the 4H frame to establish a clear peak confirming the end of the upward wave with supporting indicators.
Long setup: wait for a consolidation phase, gradually tightening around the 74k mark to build momentum and breakout with high volume, avoiding a fake breakout.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
⏱️ In the 4H frame, the last bullish candle of the session had relatively good strength, so it’s not advisable to short right away. The upward wave structure is still intact, possibly nearing the end of wave 5 of the upward movement, so the termination signal is not yet clear.
Short-term liquidity is currently at 74k → the nearest resistance area is around the recent peak where sellers may continue to defend.
🎯 Trigger / Trade Idea
The current price area is likely to be a battleground between the two sides, so it is advisable not to rush, and to wait until after the Asian session for clearer price action.
Short setup: wait for the 4H frame to establish a clear peak confirming the end of the upward wave with supporting indicators.
Long setup: wait for a consolidation phase, gradually tightening around the 74k mark to build momentum and breakout with high volume, avoiding a fake breakout.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 Analysis of BTC before entering the new week
📅 Weekly frame (W)
If there are no major fluctuations by the end of Sunday, BTC will close the weekly candle in green with a somewhat long upper wick, RSI recovering from the oversold zone, average volume
➡️ If looking at the current W candle, it seems that the price will increase a bit more in line with the upward trend.
🔎 Looking back at a similar time when RSI was oversold on the latest weekly frame in June 2022: At that time, BTC had a slight recovery but it was not significant, then it still dropped to create a lower bottom and showed positive divergence, this point should be noted.
📅 Daily frame (D)
Moving to the daily candle, the series of small body candles indicates a lack of decisiveness from the buyers. Meanwhile, the sellers are waiting to sell ➡️ This shows a different picture from the long-bodied green W candle.
🔮 Scenario for next week
Due to the last 2 days of the weekend not having much volatility, currently, we can follow 2 scenarios:
📉 Bearish scenario (prioritized)
The price will recover to test the 74k zone and then drop to the 69k zone.
📈 Bullish scenario
The price will recover to test the 74k but will form a consolidation zone at this price mark to gain momentum for a breakout since it was previously strongly rejected.
➡️ If the price consolidates well in a smaller frame, opportunities for a long position can be sought 🚀
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Weekly frame (W)
If there are no major fluctuations by the end of Sunday, BTC will close the weekly candle in green with a somewhat long upper wick, RSI recovering from the oversold zone, average volume
➡️ If looking at the current W candle, it seems that the price will increase a bit more in line with the upward trend.
🔎 Looking back at a similar time when RSI was oversold on the latest weekly frame in June 2022: At that time, BTC had a slight recovery but it was not significant, then it still dropped to create a lower bottom and showed positive divergence, this point should be noted.
📅 Daily frame (D)
Moving to the daily candle, the series of small body candles indicates a lack of decisiveness from the buyers. Meanwhile, the sellers are waiting to sell ➡️ This shows a different picture from the long-bodied green W candle.
🔮 Scenario for next week
Due to the last 2 days of the weekend not having much volatility, currently, we can follow 2 scenarios:
📉 Bearish scenario (prioritized)
The price will recover to test the 74k zone and then drop to the 69k zone.
📈 Bullish scenario
The price will recover to test the 74k but will form a consolidation zone at this price mark to gain momentum for a breakout since it was previously strongly rejected.
➡️ If the price consolidates well in a smaller frame, opportunities for a long position can be sought 🚀
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC Market Update
📅 Daily Frame (D)
BTC closed the daily candle with a very long pinbar candle as it touched the 74k mark, confirming a strong rejection price area 🔻
➡️ The buyers will temporarily not be able to overcome this frontline of the sellers.
After a day of strong volatility, the market is likely to cool down and may sideway lightly into the weekend.
📉 The RSI on the daily frame shows signs of peaking; it may take 1–2 days to intersect the moving average and provide the next trend signal.
⚠️ The worst-case scenario is that BTC will start to decline from this price mark, and the RSI will drop into the oversold region once again, creating a divergence signal, with the price falling below the 59k8 mark.
⏱️ Let's take a look at the 4h frame:
📉 The price has dropped to the EMA21 and is temporarily maintained at this mark.
Although strongly rejected, it has not completely shifted to a bearish structure; the sellers have also not temporarily increased their selling pressure.
➡️ Therefore, the price has a chance to rebound slightly to test the 72k to 74k area.
👉 If signs of a lower peak appear, then short to the 67k mark.
📈 Long Scenario
The buyers need to hold the 69k mark and accumulate momentum around this level.
➡️ If accumulation is good enough, there may be a force to test the 74k area 🚀
📊 Next week is likely to continue to be a week of high volatility.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Daily Frame (D)
BTC closed the daily candle with a very long pinbar candle as it touched the 74k mark, confirming a strong rejection price area 🔻
➡️ The buyers will temporarily not be able to overcome this frontline of the sellers.
After a day of strong volatility, the market is likely to cool down and may sideway lightly into the weekend.
📉 The RSI on the daily frame shows signs of peaking; it may take 1–2 days to intersect the moving average and provide the next trend signal.
⚠️ The worst-case scenario is that BTC will start to decline from this price mark, and the RSI will drop into the oversold region once again, creating a divergence signal, with the price falling below the 59k8 mark.
⏱️ Let's take a look at the 4h frame:
📉 The price has dropped to the EMA21 and is temporarily maintained at this mark.
Although strongly rejected, it has not completely shifted to a bearish structure; the sellers have also not temporarily increased their selling pressure.
➡️ Therefore, the price has a chance to rebound slightly to test the 72k to 74k area.
👉 If signs of a lower peak appear, then short to the 67k mark.
📈 Long Scenario
The buyers need to hold the 69k mark and accumulate momentum around this level.
➡️ If accumulation is good enough, there may be a force to test the 74k area 🚀
📊 Next week is likely to continue to be a week of high volatility.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC — Market update
🚀 Thus, BTC has followed the upward scenario from the 69k area and consolidated close to the diagonal trend line, with a slight upward wave at the beginning of June 13.
If this setup is utilized in the 1H timeframe, a 3R profit could be achieved at the beginning of the day. 💰
📅 Daily overview (D)
BTC on the daily chart closed with a green hammer candle with lower volume than average, continuing to support the short-term upward trend. The next level to watch is 72k7, where the price was previously rejected.
➡️ This will continue to be the next resistance level that may cause the price to continue consolidating in the smaller timeframe. For now, all indicators are showing signs of supporting the upward direction.
🌍 Macro indicators
📊 BTC.D is temporarily sideways with small candles, but in the 4h timeframe, it shows a picture supporting the upward trend with doji candles closing above EMA21.
📉 STABLE.D is similar to BTC but in the opposite direction, showing clearer signs of decline → supporting the upward trend on the daily timeframe.
📉 Others.D shows weak strength, sideways for many days, with indicators in a balanced area showing no clear trend.
➡️ The money has not yet flowed into altcoins, so a strong enough upward wave has not been created.
🔮 Scenario for today
🚀 Bullish scenario:
At the beginning of the Asian session, the price has risen significantly, and RSI is overbought in the 1h timeframe, so it may be wise to wait for the price to approach the nearest peak and create a consolidation area. If price action supports the upward direction 👉 It may be possible to long up and expect to reach the price range of 78k – 80k.
📉 Bearish scenario: If momentum weakens and signs of reversal appear. It may be possible to short down to the previous consolidation area at 70k.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
🚀 Thus, BTC has followed the upward scenario from the 69k area and consolidated close to the diagonal trend line, with a slight upward wave at the beginning of June 13.
If this setup is utilized in the 1H timeframe, a 3R profit could be achieved at the beginning of the day. 💰
📅 Daily overview (D)
BTC on the daily chart closed with a green hammer candle with lower volume than average, continuing to support the short-term upward trend. The next level to watch is 72k7, where the price was previously rejected.
➡️ This will continue to be the next resistance level that may cause the price to continue consolidating in the smaller timeframe. For now, all indicators are showing signs of supporting the upward direction.
🌍 Macro indicators
📊 BTC.D is temporarily sideways with small candles, but in the 4h timeframe, it shows a picture supporting the upward trend with doji candles closing above EMA21.
📉 STABLE.D is similar to BTC but in the opposite direction, showing clearer signs of decline → supporting the upward trend on the daily timeframe.
📉 Others.D shows weak strength, sideways for many days, with indicators in a balanced area showing no clear trend.
➡️ The money has not yet flowed into altcoins, so a strong enough upward wave has not been created.
🔮 Scenario for today
🚀 Bullish scenario:
At the beginning of the Asian session, the price has risen significantly, and RSI is overbought in the 1h timeframe, so it may be wise to wait for the price to approach the nearest peak and create a consolidation area. If price action supports the upward direction 👉 It may be possible to long up and expect to reach the price range of 78k – 80k.
📉 Bearish scenario: If momentum weakens and signs of reversal appear. It may be possible to short down to the previous consolidation area at 70k.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📊 BTC — Market Update
📅 Daily Frame (D)
The daily frame for BTC closed as a green doji candle, with volume decreasing compared to the previous day, indicating hesitation from both selling and buying sides ⚖️
Although the daily price remains above the EMA21 line, the RSI around the 50 mark also shows an unclear trend on the daily frame.
⏱️ Smaller Frame (4H – 1H)
On the 4H and 1H frames, BTC has created a lower peak. The large green candles are all upper wicks, indicating more participation from the selling side. However, the selling pressure is not very convincing.
📌 The current price level of 69k still acts as a support for BTC's price.
The RSI on the 1H frame shows signs of weakness as it has dropped below 50. If BTC clearly breaks this level, it may return to a downtrend, with the next level potentially around 67k. After that, we will wait to see if BTC accumulates at this price level before deciding on the next direction.
🔮 Possible Scenarios
🔻 Scenario 1: Break support at 69k, wait for the price to clearly break below 69k with clear price action confirming the bearish structure on H1, at which point one could look to short at the 70k price level expecting a target down to 67k.
⏳ Scenario 2: Price goes straight to 67k and waits for clear price action here before deciding further.
🚀 Scenario 3: Another scenario could occur where the price finds good support at 69k and returns to the 70k level, then continues to accumulate to break the downward trendline, at which point one could expect another upward wave.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Daily Frame (D)
The daily frame for BTC closed as a green doji candle, with volume decreasing compared to the previous day, indicating hesitation from both selling and buying sides ⚖️
Although the daily price remains above the EMA21 line, the RSI around the 50 mark also shows an unclear trend on the daily frame.
⏱️ Smaller Frame (4H – 1H)
On the 4H and 1H frames, BTC has created a lower peak. The large green candles are all upper wicks, indicating more participation from the selling side. However, the selling pressure is not very convincing.
📌 The current price level of 69k still acts as a support for BTC's price.
The RSI on the 1H frame shows signs of weakness as it has dropped below 50. If BTC clearly breaks this level, it may return to a downtrend, with the next level potentially around 67k. After that, we will wait to see if BTC accumulates at this price level before deciding on the next direction.
🔮 Possible Scenarios
🔻 Scenario 1: Break support at 69k, wait for the price to clearly break below 69k with clear price action confirming the bearish structure on H1, at which point one could look to short at the 70k price level expecting a target down to 67k.
⏳ Scenario 2: Price goes straight to 67k and waits for clear price action here before deciding further.
🚀 Scenario 3: Another scenario could occur where the price finds good support at 69k and returns to the 70k level, then continues to accumulate to break the downward trendline, at which point one could expect another upward wave.
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
📅 Daily Frame (D)
BTC daily frame closed with a decent green candle but has a long upper wick indicating the participation of the selling side. At this moment, BTC price is still in a sideways trend, not leaning towards either side.
- Currently, the closing price remains above EMA21, with decent volume.
- The RSI signal is 50:50, it may go sideways for a while and then bounce back or this could be a resistance point before dropping further.
⏱️ 4H Frame
In the 4h frame, the price reacts at the 72k zone — a confluence of many technical factors. For now, the price remains above EMA21 with low volume red candles showing selling participation but not too strong yet.
⏱️ 1H Frame
Moving to the 1h frame, the structure has shown the first sign of a reversal but is still not strong enough with signals: selling volume is not large, the downtrend structure is not clear, and has not formed an imbalance, RSI is still above 50, and the price is just moving sideways below EMA21.
➡️ At this point, there could still be a scenario for H1 to increase by one more wave.
🧭 Action regarding BTC
📌 For the short side: Wait for a clear signal to form a third peak that is lower to confirm the downtrend structure in H1 first.
📌 For the long side: At this moment, it will be a bit risky, need to wait for signs of BTC accumulating near the 72k4 peak zone, then we can expect a breakout 🚀
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
BTC daily frame closed with a decent green candle but has a long upper wick indicating the participation of the selling side. At this moment, BTC price is still in a sideways trend, not leaning towards either side.
- Currently, the closing price remains above EMA21, with decent volume.
- The RSI signal is 50:50, it may go sideways for a while and then bounce back or this could be a resistance point before dropping further.
⏱️ 4H Frame
In the 4h frame, the price reacts at the 72k zone — a confluence of many technical factors. For now, the price remains above EMA21 with low volume red candles showing selling participation but not too strong yet.
⏱️ 1H Frame
Moving to the 1h frame, the structure has shown the first sign of a reversal but is still not strong enough with signals: selling volume is not large, the downtrend structure is not clear, and has not formed an imbalance, RSI is still above 50, and the price is just moving sideways below EMA21.
➡️ At this point, there could still be a scenario for H1 to increase by one more wave.
🧭 Action regarding BTC
📌 For the short side: Wait for a clear signal to form a third peak that is lower to confirm the downtrend structure in H1 first.
📌 For the long side: At this moment, it will be a bit risky, need to wait for signs of BTC accumulating near the 72k4 peak zone, then we can expect a breakout 🚀
$BTC
#FromDustWeArise
@Chan Chảnh Choẹ
After decreasing for 4 consecutive days and dropping below the 66k2 mark, BTC experienced a day of growth again with a surge in volume and a engulfing candle indicating that buying pressure has returned.
Although during the day, in the smaller 1H timeframe, the price climbed slowly with many ups and downs causing much suspicion and hesitation.
Currently, the price has increased significantly and returned to the 71 mark, where it starts to approach the local peak around the 74k area which may react as the 1H RSI has also begun to show overbought conditions.
There may be a correction when the price reaches this mark to establish a sustainable growth trend.
The next scenario is to observe the price action at 72k to see how BTC reacts to this area. If BTC does not react strongly and creates a sideways region around this mark, it is likely that BTC will continue to rise, with the target area of 78k being activated again.
If BTC sets a lower peak and corrects, then observe the 69k area to maintain stability; this is the area that needs to be upheld.
The next action may be to look for a short scalp first, waiting for the market to show signs of accumulation before seeking further long opportunities.
Although during the day, in the smaller 1H timeframe, the price climbed slowly with many ups and downs causing much suspicion and hesitation.
Currently, the price has increased significantly and returned to the 71 mark, where it starts to approach the local peak around the 74k area which may react as the 1H RSI has also begun to show overbought conditions.
There may be a correction when the price reaches this mark to establish a sustainable growth trend.
The next scenario is to observe the price action at 72k to see how BTC reacts to this area. If BTC does not react strongly and creates a sideways region around this mark, it is likely that BTC will continue to rise, with the target area of 78k being activated again.
If BTC sets a lower peak and corrects, then observe the 69k area to maintain stability; this is the area that needs to be upheld.
The next action may be to look for a short scalp first, waiting for the market to show signs of accumulation before seeking further long opportunities.
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