Wave King Xiao Zhan: The B wave weekly line 5 is reaching a peak and will welcome an epic pullback? Be cautious with the bulls in the second half of August.

CN
4 hours ago

More? Short? Neither, just follow the trend you identify!

Trend, point, plan, a trinity!

In the market, survival is the first principle; those who have experienced it a few times will understand. If someone in this market has no principles, they are directly giving money to the market makers. Successful strategies have two fundamental principles: stop-loss and holding long. First, cut off losses and control passivity. Second, if the profit trend is not over, do not exit easily; let the profits grow sufficiently.

Trend:

The weekly chart closes with the previous K-line of B特 showing an upper shadow bearish K-line. After today's close, it tests downward. The previous article emphasized the importance of the weekly close. From the current K-line pattern, the main theme this week is a fluctuating pullback. Also, from the overall structure of the K-line, this round of increase that started in early April is a 5-wave pattern on the weekly level. If the 5th wave ends, the pullback will be significant. Therefore, in the second half of August, bulls must pay attention to support and observe more before taking action. From the daily chart, the support below is around 112000. If it effectively breaks, the next support is around 105000. For the short term, focus on these two support levels, while the resistance level remains below 120000 as mentioned before.

Although E太's weekly chart closed bullish, it still has an upper shadow K-line. This week, it tests downward. If the short-term support is effectively broken, the downtrend will continue. From the daily chart, the market is currently approaching a test of the short-term key support. If there is an effective break, it will test the 4K level.

Point:

For B特, pay attention to the support near 112000 in the short term, and the resistance around 118000 above. For E太, watch the resistance around 4400 above and the support around 4180 below.

Plan:

B特: Buy at 113300-112800, target 116000-117000.

Sell at 117600-118300, target 115000-114000.

E太: Buy at 4200-4150, target 4300. If it breaks, buy at 4000-3950, target 4200.

Sell at 4360-4410, target 4200-4150, if it breaks, target 4000.

What can relieve worries? Only getting rich! No snowflake is innocent during an avalanche. Do not lose yourself in madness; protect your bullets, ensure you don’t leave the table, and have chips ready for a counterattack.

If you like it, please like and share. Wishing everyone more success! May your journey in the crypto world be bright and prosperous!!!

2025/8/18

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