Technical analysis by Whale_signal about Symbol BTC on 11/7/2024

Hello, I'm Whale Signal Bitcoin Continues Bullish Flow After Trump's Recent Reelection Success, Stretching Higher We'd like to look at RBI from a short-term perspective at our current position Bitcoin Is Already Up Significantly, But Here's How Long Short-Term Wave Will Continue Based on Two Scenarios The progress of short-term waves and two approaches Currently, Bitcoin is uncertain whether the short-term bullish wave, which started at 66.8K, has progressed to wave 5 In this regard, I will divide the following two cases into strategies 1. If the short-term 5th wave has been completed If the current short-term upward wave is a five-wave finish, we plan to focus on the "purple whale indicator" in the adjustment section The purple whale indicator overlaps with the Fibonacci 0.382 section of this rising wave, and if the flow defending the section (a bottom-tail type candle or settling flow) is confirmed, we will proceed with the sale from a long perspective However, in situations where the purple whale index deviates from the purple whale index, if it settles down the purple whale index again rather than from a short perspective, we will explore a long opportunity again in the retest or pressing position [b2.] Short term wave 5 is in progress If wave 5 is still in progress, we are expecting resistance in the top white box section However, breaking through this section also opens up the possibility of a strong further rise When these resistance boxes are reached, we plan to recheck the short-term flow and set up more specific RBI (if that section comes, we will proceed with the indicator update again) Based on the fact that Tether Dominance is open to "4.4-4.6", the possibility of a current five-wave progression cannot be ignored