Look at the overall trend, distinguish high and low, and identify turning points. Conduct trend trading, right side trading, and deterministic market trading, with cycle resonance in the first place and volume price in the second place
Look at the overall trend, distinguish high and low, and identify turning points. Conduct trend trading, right side trading, and deterministic market trading, with cycle resonance in the first place and volume price in the second place.
When looking at a chart, it is important to combine the size and cycle of the chart, starting with the larger one and then the smaller one. It is easy to overlook a small cycle without fully understanding it, and only a glimpse can be seen. We say that a single k-line follows a combination, a combination follows a form, and a form follows a structure. Let's first look at the larger structure.
The monthly line, with a large structure of M top and a neckline of 34193, is currently classified as a break and pullback, but the pullback will continue to decline. Currently, only point A is available for low hanging restore, and confirmation from point B is required. I saw 34000 in this round because there is a high probability of M breaking the top and pulling the neckline. Don't shout a cow at 34000. Without a double bottom on the monthly line, a bull market cannot start. This means that Bitcoin still needs to go back to the 16000 test, and it may fall even deeper. You can follow my picture to draw a picture, and this channel will definitely come down in the future. So, don't rush to copy the bottom, it's not cost-effective to make a decision now. The next round of bull market is about $100000, isn't it? How many times did you buy 30000 Bitcoin and 16000?
Weekly, the large structure is also M top, and the neckline is at 31365. Last week, it hit 31431,. As I mentioned before, there are three points for breaking back, one is the neckline, the other is the opening price of the large negative line breaking, and the third is the slope. The opening price of the negative line that broke the weekly line was 34357, and when it fell to 15000, it made a head and shoulder bottom, locked with a channel, and the upper track was at 33700. With a pin or fake break, it would reach 34000. The accuracy of the channel is over 95%, and it is likely to reach the upper track. When combined with the monthly line, this is why I see 34000. So don't rush if you want to be empty. By the way, the weekly trend is upward, and I am currently under pressure.
Daily line, let's take a look at the whole picture first
Let's zoom in again and see if the shadow has hit the middle rail of the rising channel. If you can't draw the channel, you will wonder why there is no pressure on the horizontal here. Why did it stop here. The channel line predicts the fourth point using the three known points, with very high accuracy.
A few days ago, I mentioned that BTC is on the 5th wave, can we still charge up here? If we don't get up here, then the 5th wave will end and we will start to make the top, which is also possible. Whether it is the top depends on how the daily line goes. Currently, the daily line has a dark cloud covering the top, which is the top language. It can be considered point a, but confirmation from point b is still needed. Without confirmation from point b, this is not the top. As long as 29850 does not break here, it is a standard breakthrough step back. This is the same principle as breaking through and pulling back. Regardless of whether it breaks through the left high or neck line, the first step is the neck line and left high, the second is the opening price of the big positive line that breaks through, and the third is the slope. At present, the downward momentum of the daily line is insufficient, and the energy of the negative line is also very low, which is why I call everyone to open more.
If this is the High 2 area, it will have to oscillate for a long time and will not come down directly. Referring to the previous head and shoulder top, it has been polished for 2 months.
In 4 hours, up to 30140, there are long shadows with a stable bottom. A few days ago, I called out for a micro headline. The previous transaction volume was already very low, indicating that there were very few selling orders and it was about to rise. There are many orders here, and they can be sold by placing an order between 31700 and 32000.
Drive in more, just wait, hold on. If you haven't entered yet, wait a moment. Look at the appearance of this macd. The fast and slow lines haven't leveled off yet, and they haven't reached the zero axis yet. Do you still need to coil two or three more.
I'll see if 30419 can break through in one hour. If I can't, I'll have to come down and wait at 30243.
That's all for today's disk analysis. To summarize, don't leave this position empty. If you can't get it right, you'll have to hit the floor. Is it uncomfortable to rush to 34000. Drive too much to 31700-32000 and walk away first, break through and step back before entering. Recently, many people have privately sent me WeChat messages, but I haven't added them. Just read my article. At present, the technology is not yet mature and I don't want to mislead people. I will inform everyone at the appropriate time.
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