$BTC This week's intraday low was formed on Tuesday, and today it rebounded to the first target of the basic chart, and the intraday retracement was confirmed. Half of the intraday long orders were stopped for profit, and the intraday short orders were opened.
《Everything is Cyclic》
Understanding the cycle of the market determines the height of your trading wealth. In the process of market movement and change, if you do not understand the cycle and do not respect the cycle, you cannot deliver within the cycle or the cycle is chaotic, then the cycle will definitely punish you, and you will be stopped if you do not stop profit.
Every transaction, every bottom-picking and top-touching, is composed of time, trend and space. But each position is independent and should only be the high and low points within a certain time period, such as intraday lows, intraday highs, intraweek lows, and intraweek highs. The final trading market is a three-dimensional market composed of different groups and different time period trends. The rest is to decide how to split this trading cycle based on position management and personal energy.