Last year, I would do market analysis for everyone on Mondays when I had time. This is the first time this year, and I hope we can continue to do so in the future if we have enough time.
So without further ado, let's start our market analysis
First of all, if you want to do BTC 4-hour contract, the trend must be the daily trend. This is the 4-fold principle that I often talk about in the system class.
When I was analyzing the market last year, I often said that before you open the icon and want to trade, you need to see what the trend is, then draw the key positions, and finally wait for clear signals, which is in line with the three steps of trading.
The first step is to determine the trend at a macro level.
As you can see from the picture, it is a bullish trend now, and it is undergoing complex adjustments. We often say in system classes that after prices have undergone complex adjustments, they are likely to move in legs with a distance of 2 times the normal range.
And there is an obvious bottom structure head and shoulders bottom
From the above analysis, we can conclude that the current trend is bullish and the trend is undergoing complex adjustments. There is a bottom structure. Following the general trend is to go long.
If you don’t have good technical analysis skills, you can open the moving average and see
Bullish arrangement, as we have said before, bullish arrangement only looks for opportunities to go long.
After completing the large-scale analysis, let’s switch to the trading cycle to see what the current trend is.
Structurally, it is a bullish N-shaped structure.
The moving average also changed from a short position to a long position.
From the above analysis, the daily chart is now bullish, and the 4-hour chart is also bullish, so going long is in line with the trend.
Now let's start the second step: find the key position
Draw the key positions, trading opportunities only exist at these places
Step 3: Wait for clear signals at these locations
The above is the overall analysis of BTC 4 hours and the location of transactions.
Before entering a trade, you need to pay attention to your trading cycle
Try to only trade for one cycle, don’t blindly follow the trend
If it is a 4-hour cycle transaction, the market will not move so fast
Don’t be anxious. Also, try not to look for signals at a smaller level.
For example, 15 minutes or 5 minutes, always remember your trading cycle.
The above does not constitute investment advice, and you are responsible for your own profits and losses.
The market is ever-changing, so you can’t analyze it once and use it for the rest of your life. Remember this. $BTC