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行情分析博主，潜心研究裸k技术4年，专注于盘面，只讲干货，看大周期，右侧交易者。
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Will Bitcoin Surge After an Interest Rate Cut? NO!
Will the market liquidity improve after an interest rate cut? Will Bitcoin surge? I don’t think so.
First, two points must be clarified: 1. The bull market started in January 2023 and has lasted for 2 years and 8 months. Is there such a thing as an eternal bull market? 2. Bitcoin has increased 8 times from its lowest point to its highest point, which is a sufficient increase.
Let’s make a hypothesis: if a 0.25% rate cut is confirmed on the 18th of next month. I do not deny that some funds will enter the crypto space, but how much can enter? After all, traditional financial markets, such as gold, stock markets, futures, and foreign exchange, will divert most of the funds, and right now, the US stock market is also at a high point. Large funds are more cautious and won’t rush in like retail investors, right? For large funds and institutions, risk is always the top priority.
First, two points must be clarified: 1. The bull market started in January 2023 and has lasted for 2 years and 8 months. Is there such a thing as an eternal bull market? 2. Bitcoin has increased 8 times from its lowest point to its highest point, which is a sufficient increase.
Let’s make a hypothesis: if a 0.25% rate cut is confirmed on the 18th of next month. I do not deny that some funds will enter the crypto space, but how much can enter? After all, traditional financial markets, such as gold, stock markets, futures, and foreign exchange, will divert most of the funds, and right now, the US stock market is also at a high point. Large funds are more cautious and won’t rush in like retail investors, right? For large funds and institutions, risk is always the top priority.
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#BTC has reached a major peak, with sufficient evidence.
120,000 is the historical peak of this cycle. Perhaps it will hit a new high later, causing losses for those who shorted at 124,500, or it may reach a new high and trap another batch of people. I think it will only go up to about 130,000 at most. Believe it or not, we will wait and see; the following market will verify my words. The data analyzed below is sourced from Coinbase's BTC spot chart.
Before starting this article, let's clarify two points; these two points are very important: First, the monthly level bottomed out in December 2022, and the bull market started vigorously in January 2023. Now, 32 candlesticks have passed, which is two years and eight months. Everyone agrees that it's a slow bull, right? Second, the price increase: the lowest price in the bear market was 15,460, and the current highest price is 124,533, which is an increase of 8.05 times, equivalent to a rise of 7.05 times. So, we are currently at a high position, and there should be no doubt about that. Alright, remember these two premises.
Before starting this article, let's clarify two points; these two points are very important: First, the monthly level bottomed out in December 2022, and the bull market started vigorously in January 2023. Now, 32 candlesticks have passed, which is two years and eight months. Everyone agrees that it's a slow bull, right? Second, the price increase: the lowest price in the bear market was 15,460, and the current highest price is 124,533, which is an increase of 8.05 times, equivalent to a rise of 7.05 times. So, we are currently at a high position, and there should be no doubt about that. Alright, remember these two premises.
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$BTC
The Bitcoin rebound has encountered the pressure of the opening price of the bearish candle that broke the neckline. Can it break through? It's very likely, if you look closely at the 1-hour chart, it's obvious that there's an inverse head and shoulders pattern. The selected candlestick has broken through the neckline with a large bullish candle with increased volume. Now it's facing pressure and undergoing a narrow range consolidation. Wait for it to retrace to the neckline, indicated by the pink line in the chart, which is an excellent buying opportunity. Absolutely do not short; in the coming days, we are looking at 120,000.
The Bitcoin rebound has encountered the pressure of the opening price of the bearish candle that broke the neckline. Can it break through? It's very likely, if you look closely at the 1-hour chart, it's obvious that there's an inverse head and shoulders pattern. The selected candlestick has broken through the neckline with a large bullish candle with increased volume. Now it's facing pressure and undergoing a narrow range consolidation. Wait for it to retrace to the neckline, indicated by the pink line in the chart, which is an excellent buying opportunity. Absolutely do not short; in the coming days, we are looking at 120,000.
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$ENA
The weekly chart shows a double bottom structure, breaking through the neck line, currently in an upward trend, then encountering pressure and pulling back. The volume during the pullback is decreasing, indicating insufficient selling pressure below, which is a good sign. Assuming the current weekly line is high 1, it still needs to rebound to reach high 2, as there must be a top structure corresponding to the bottom structure; this is symmetrical, it won't just drop directly from a peak.
Looking at the daily chart, there is support at 0.604 on the left side and it hasn't broken through. Some say this is a double top breakdown, but wasn't it broken by a small candlestick? It's ambiguous; you see that even though it hasn't closed yet, the price has come back up. If uncertain, you can look at the 4-hour chart.
The 4-hour chart is very clear, showing a double bottom structure. After closing at 16:00, it broke through the neck line, and during the pullback, it's a good opportunity to enter on the right side. The take profit levels are 0.753 and 0.81.
The weekly chart shows a double bottom structure, breaking through the neck line, currently in an upward trend, then encountering pressure and pulling back. The volume during the pullback is decreasing, indicating insufficient selling pressure below, which is a good sign. Assuming the current weekly line is high 1, it still needs to rebound to reach high 2, as there must be a top structure corresponding to the bottom structure; this is symmetrical, it won't just drop directly from a peak.
Looking at the daily chart, there is support at 0.604 on the left side and it hasn't broken through. Some say this is a double top breakdown, but wasn't it broken by a small candlestick? It's ambiguous; you see that even though it hasn't closed yet, the price has come back up. If uncertain, you can look at the 4-hour chart.
The 4-hour chart is very clear, showing a double bottom structure. After closing at 16:00, it broke through the neck line, and during the pullback, it's a good opportunity to enter on the right side. The take profit levels are 0.753 and 0.81.
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$MYX
There is only one peak on the daily line, and it needs to be pushed up again to form a complete structure. We see that a small double bottom has been formed in the pullback, and the neckline has also broken through, currently in a pullback phase. The MACD fast and slow lines have crossed and pulled back to near the 0 axis; the bearish force has mostly been released, and it has not dropped below the 0 axis, which is a sign of strength. Note that market analysis is primarily based on candlesticks, with indicators serving only as assistance. Enter near 1.23 and look for 1.98.
There is only one peak on the daily line, and it needs to be pushed up again to form a complete structure. We see that a small double bottom has been formed in the pullback, and the neckline has also broken through, currently in a pullback phase. The MACD fast and slow lines have crossed and pulled back to near the 0 axis; the bearish force has mostly been released, and it has not dropped below the 0 axis, which is a sign of strength. Note that market analysis is primarily based on candlesticks, with indicators serving only as assistance. Enter near 1.23 and look for 1.98.
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$PENGU
Weekly double bottom structure, after breaking the neckline it belongs to an upward trend, with a volume-reducing pullback to the opening price of the high-volume big bullish candle, forming a spinning top, a signal to stop the decline, and the trading volume is also gradually decreasing, which indicates a healthy pullback. Looking at the daily chart, it seems to be an ascending flag pattern, encountering weekly support, forming a small bullish candle, and the daily support has not been broken, indicating a stop in the decline signal. Enter around 0.0304, targeting 0.0403, steadily aiming for a 41% increase.
Weekly double bottom structure, after breaking the neckline it belongs to an upward trend, with a volume-reducing pullback to the opening price of the high-volume big bullish candle, forming a spinning top, a signal to stop the decline, and the trading volume is also gradually decreasing, which indicates a healthy pullback. Looking at the daily chart, it seems to be an ascending flag pattern, encountering weekly support, forming a small bullish candle, and the daily support has not been broken, indicating a stop in the decline signal. Enter around 0.0304, targeting 0.0403, steadily aiming for a 41% increase.
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Bitcoin has pressure above and support below. If it wants to move up, it at least needs to form a small double bottom on the daily chart here. If it falls below 109200, we need to look at the next support at 101000.
Bitcoin daily double top structure, a significant volume drop effectively breaks below the neckline, followed by two low-volume rebounds, closing with a small bearish candle at 8 AM, indicating a stagnation signal. The 4-hour rebound presents a short selling opportunity, enter between 112000-112460, take profit at 109630-109145. Why can we short? Because the 4-hour chart has not formed a bottom structure yet and will likely test again. Why take profit here? Because the weekly support below has not been broken, there is a possibility of a false breakdown, experiencing narrow fluctuations over several daily candles before going above 120,000, as there might be news next month, and a significant drop is unlikely before a rate cut. $BTC
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Bitcoin daily double top structure, a significant volume drop effectively breaks below the neckline, followed by two low-volume rebounds, closing with a small bearish candle at 8 AM, indicating a stagnation signal. The 4-hour rebound presents a short selling opportunity, enter between 112000-112460, take profit at 109630-109145. Why can we short? Because the 4-hour chart has not formed a bottom structure yet and will likely test again. Why take profit here? Because the weekly support below has not been broken, there is a possibility of a false breakdown, experiencing narrow fluctuations over several daily candles before going above 120,000, as there might be news next month, and a significant drop is unlikely before a rate cut. $BTC
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To add a point, the daily K (opening at 8 o'clock) on the 26th had a trading volume of 3.99 million, with an increase of 101.62%. On the 27th, the trading volume was 11.7 million, with an increase of only 31.99%. The trading volume was three times that of the previous day, but the increase was only one-third of the previous day, indicating that there was a concentrated selling pressure on the 27th. Whoever is selling in large quantities must be the one holding the most shares, which allows for such a large trading volume.
$NMR
The circulation of this coin is 7.53 million, the daily line closes at 8 AM, the trading volume is 11.7 million, and the turnover rate is 155.38%. It can be said that most of the chips from the main dealer have already been thrown out. Looking at the increase, the lowest at the bottom is 5.86, the highest is 24.65, and the increase is 4.2 times, which means that two daily candlesticks have been pulled into position. In the lower timeframe of the 4-hour candlestick, there are long upper shadows at 0:00 and 4:00, with huge trading volume, indicating a volume stagnation. Therefore, based on trading volume, position (increase), and bare candlesticks, it is clearly a signal of reaching the peak. Since the daily candlestick is still a large bullish candle, according to inertia, today's daily candlestick will still push up a bit, with the highest point being the best short-selling opportunity. It is recommended to short it at 23.3-24, targeting 17.76.
The circulation of this coin is 7.53 million, the daily line closes at 8 AM, the trading volume is 11.7 million, and the turnover rate is 155.38%. It can be said that most of the chips from the main dealer have already been thrown out. Looking at the increase, the lowest at the bottom is 5.86, the highest is 24.65, and the increase is 4.2 times, which means that two daily candlesticks have been pulled into position. In the lower timeframe of the 4-hour candlestick, there are long upper shadows at 0:00 and 4:00, with huge trading volume, indicating a volume stagnation. Therefore, based on trading volume, position (increase), and bare candlesticks, it is clearly a signal of reaching the peak. Since the daily candlestick is still a large bullish candle, according to inertia, today's daily candlestick will still push up a bit, with the highest point being the best short-selling opportunity. It is recommended to short it at 23.3-24, targeting 17.76.
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$NMR
The circulation of this coin is 7.53 million, the daily line closes at 8 AM, the trading volume is 11.7 million, and the turnover rate is 155.38%. It can be said that most of the chips from the main dealer have already been thrown out. Looking at the increase, the lowest at the bottom is 5.86, the highest is 24.65, and the increase is 4.2 times, which means that two daily candlesticks have been pulled into position. In the lower timeframe of the 4-hour candlestick, there are long upper shadows at 0:00 and 4:00, with huge trading volume, indicating a volume stagnation. Therefore, based on trading volume, position (increase), and bare candlesticks, it is clearly a signal of reaching the peak. Since the daily candlestick is still a large bullish candle, according to inertia, today's daily candlestick will still push up a bit, with the highest point being the best short-selling opportunity. It is recommended to short it at 23.3-24, targeting 17.76.
The circulation of this coin is 7.53 million, the daily line closes at 8 AM, the trading volume is 11.7 million, and the turnover rate is 155.38%. It can be said that most of the chips from the main dealer have already been thrown out. Looking at the increase, the lowest at the bottom is 5.86, the highest is 24.65, and the increase is 4.2 times, which means that two daily candlesticks have been pulled into position. In the lower timeframe of the 4-hour candlestick, there are long upper shadows at 0:00 and 4:00, with huge trading volume, indicating a volume stagnation. Therefore, based on trading volume, position (increase), and bare candlesticks, it is clearly a signal of reaching the peak. Since the daily candlestick is still a large bullish candle, according to inertia, today's daily candlestick will still push up a bit, with the highest point being the best short-selling opportunity. It is recommended to short it at 23.3-24, targeting 17.76.
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$BIO
The bio weekly line is a double bottom structure, and the daily line is a composite double bottom structure. 0.1007 is the neckline level, and after breaking through, it will be an upward trend. When encountering pressure and retracing, the opening price of the high volume bullish candlestick is the support level. The daily line just closed with a doji, and the support level hasn't been broken, which is a signal to stop the decline. Going long at 0.1612-0.1704 is still very stable, and it is right-side trading; conservatively looking at 0.252. Because even if the left-side high point is a peak, it is only high 1, and it will still pull up to high 2, otherwise the daily line structure is incomplete. Also, the bottom dealer has absorbed so many chips; one peak cannot be exhausted. So, buying in here, you can steadily gain 48%.
The bio weekly line is a double bottom structure, and the daily line is a composite double bottom structure. 0.1007 is the neckline level, and after breaking through, it will be an upward trend. When encountering pressure and retracing, the opening price of the high volume bullish candlestick is the support level. The daily line just closed with a doji, and the support level hasn't been broken, which is a signal to stop the decline. Going long at 0.1612-0.1704 is still very stable, and it is right-side trading; conservatively looking at 0.252. Because even if the left-side high point is a peak, it is only high 1, and it will still pull up to high 2, otherwise the daily line structure is incomplete. Also, the bottom dealer has absorbed so many chips; one peak cannot be exhausted. So, buying in here, you can steadily gain 48%.
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A death cross is very likely, but a death cross can also rise, who says a death cross must fall? You can read my article for analysis.
The adjustment has ended, and this week will mark the beginning of the final main upward wave. Many people are worried about the weekly MACD death cross, but this week's weekly line has not closed yet, so there's no need to panic. As long as we close with a strong bullish candle, there won't be a death cross. This is just a trap to induce shorts.
Don't worry about the end of the bull market; the following trend will be dominated by ETH. BTC just needs to maintain its high position and not drag down ETH. The expected high point for BTC is not much higher than the current price, less than a 1/6 increase. Entering at the current price does not provide good value for money.
My personal suggestion is for those who are in cash to wait for BTC to reach above 120,000 to 130,000 to start building short positions in BTC. With a small position, buy some altcoins. Even if the altcoin market is good, do not go all in on it. For those holding long positions, be patient and wait for a recovery.
Here's a chart of BTC's market share; it has already broken through on a monthly level. Are you still worried about the lack of altcoin trends?
Don't worry about the end of the bull market; the following trend will be dominated by ETH. BTC just needs to maintain its high position and not drag down ETH. The expected high point for BTC is not much higher than the current price, less than a 1/6 increase. Entering at the current price does not provide good value for money.
My personal suggestion is for those who are in cash to wait for BTC to reach above 120,000 to 130,000 to start building short positions in BTC. With a small position, buy some altcoins. Even if the altcoin market is good, do not go all in on it. For those holding long positions, be patient and wait for a recovery.
Here's a chart of BTC's market share; it has already broken through on a monthly level. Are you still worried about the lack of altcoin trends?
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How is this salary earned? Is it just enough to publish articles every day?
Don't laugh at Frog Brother, he has a salary
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These three coins are all in an upward trend after breaking through a bottom structure. The pullback forms a high1, and the daily candlestick's body has not broken below the opening price of the large bullish candle with high volume, or if it has broken below, it has closed back above; it will rebound to go higher or make a high2, otherwise the structure will be incomplete. Note that you must wait for the closing line to confirm. Currently, OKB has confirmed, with a target of 171.53, looking at 229.38; BIO is likely to confirm without issues at the closing line tomorrow morning at 8 o'clock, targeting 0.1704, looking at 0.28; Prompt is a bit precarious; if it doesn't break, target 0.238, looking at 0.337. Waiting for the market to validate.
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The callback is in place, we will start tomorrow.
Crypto飞哥
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Many people ask me about the upcoming trend of $BIO .
You can refer to $PENGU rising to near the monthly line resistance level and starting to adjust and consolidate, which is estimated to take some time.
You can refer to $PENGU rising to near the monthly line resistance level and starting to adjust and consolidate, which is estimated to take some time.
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#btc Daily Analysis
The daily chart clearly shows a double top structure, and it has broken the neck line with increased volume; isn't this a perfect opportunity to short? However, that's not the case. It is currently facing support on the weekly chart, and yesterday's bullish candle on the daily chart has an entity that exceeds half of the bearish candle, forming a Rising Sun pattern, indicating decent rebound strength, and the trading volume is adequate. Be cautious of a false breakdown, as it might close above after a few days.
The probability of this is still very high, as there are around 20 days left until the interest rate cut announcement, and the bullish sentiment remains. It is quite normal for it to rally. If this happens, from a daily chart perspective, the left side's double top could transform into a high zone 1, and if it rallies again, it could form a top, moving to a high zone 2, thus creating a complex double top with the left side's double top. As for this high zone 2, whether it forms a double top or a triple top is uncertain; perhaps there will be a high zone 3, leading to a complex triple top.
As the saying goes, as long as it is horizontal, it can be long, and vice versa. Bitcoin has risen more than 8 times from its lowest point, and as the king of coins, the increase cannot be considered small. The market maker has accumulated so many chips at the bottom, and to completely exit, it must be done gradually, with a long period of consolidation needed to fully exit. Moreover, this trend started at 74420, rising to 124533 (Coinbase candlestick chart), which is a significant increase; it won't just drop back all the way due to a double top on the daily chart. In the article I posted at noon, I also illustrated that it could either rebound from the support at 109200 to over 120,000 or retrace to 101,000 before moving to over 120,000. Another point is that the trading volume has been terrifyingly low in recent months; what if there are no buyers? Then we will use the sentiment of the interest rate cut to keep it afloat, oscillating for a longer time, and moving through more candlesticks, thus allowing for more selling. The market maker surely hopes to sell more within the 110,000-120,000 range, right?
No matter how it goes, this is constructing a weekly head and shoulders top. For more details, please refer to the article I posted at noon, with ample supporting evidence.
The daily chart clearly shows a double top structure, and it has broken the neck line with increased volume; isn't this a perfect opportunity to short? However, that's not the case. It is currently facing support on the weekly chart, and yesterday's bullish candle on the daily chart has an entity that exceeds half of the bearish candle, forming a Rising Sun pattern, indicating decent rebound strength, and the trading volume is adequate. Be cautious of a false breakdown, as it might close above after a few days.
The probability of this is still very high, as there are around 20 days left until the interest rate cut announcement, and the bullish sentiment remains. It is quite normal for it to rally. If this happens, from a daily chart perspective, the left side's double top could transform into a high zone 1, and if it rallies again, it could form a top, moving to a high zone 2, thus creating a complex double top with the left side's double top. As for this high zone 2, whether it forms a double top or a triple top is uncertain; perhaps there will be a high zone 3, leading to a complex triple top.
As the saying goes, as long as it is horizontal, it can be long, and vice versa. Bitcoin has risen more than 8 times from its lowest point, and as the king of coins, the increase cannot be considered small. The market maker has accumulated so many chips at the bottom, and to completely exit, it must be done gradually, with a long period of consolidation needed to fully exit. Moreover, this trend started at 74420, rising to 124533 (Coinbase candlestick chart), which is a significant increase; it won't just drop back all the way due to a double top on the daily chart. In the article I posted at noon, I also illustrated that it could either rebound from the support at 109200 to over 120,000 or retrace to 101,000 before moving to over 120,000. Another point is that the trading volume has been terrifyingly low in recent months; what if there are no buyers? Then we will use the sentiment of the interest rate cut to keep it afloat, oscillating for a longer time, and moving through more candlesticks, thus allowing for more selling. The market maker surely hopes to sell more within the 110,000-120,000 range, right?
No matter how it goes, this is constructing a weekly head and shoulders top. For more details, please refer to the article I posted at noon, with ample supporting evidence.
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48000 all the way empty Bitcoin to 80,000, still come to teach? Misleading students
K线教主
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The new beginner course on Chan Theory is here again! The most important lesson, 'Divergence and First Buy': Most people only learn half-heartedly about divergence and end up making fools of themselves...
The following sessions will cover the core content of Chan Theory (of course, modified based on my practical experience), and there will be many differences from the original version. Everyone has their own understanding of Chan, and you're welcome to exchange and learn with like-minded individuals. Those who come to criticize will be directly blocked~ 😘
The following sessions will cover the core content of Chan Theory (of course, modified based on my practical experience), and there will be many differences from the original version. Everyone has their own understanding of Chan, and you're welcome to exchange and learn with like-minded individuals. Those who come to criticize will be directly blocked~ 😘
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Is there any theoretical support for these logics? Did you figure it out yourself or is there some inside information?
币姐交易日常
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Will there be a rate cut in September? Can the bull market continue? This explains it clearly (Follow Coin Sister for the latest data updates)
1. There is a high probability of a rate cut in September, but it's not set in stone. A few officials have mentioned that there won't be a cut, which has caused us to waver with this news recently.
2. Pay attention to Powell's speech at a central bank annual conference tonight (on the evening of the 22nd), as it may release policy signals. Of course, the most important factors will be the economic data at the end of this month and the economic data on the first Friday of September!
3. The specific time for the interest rate announcement is at 2 AM on September 18th! The fluctuations before this are expected to lead to a wide-ranging volatile trend! Can the bull continue? How will a rate cut affect it?
If there is a rate cut, the bull market is likely to last only within a few cuts.
Coin Sister personally estimates that there is a high probability of a 25% cut! It will be a gradual decrease.
After the rate cut, there will be a significant rise followed by a retreat. If the cut is made in increments of 25%, the first announcement of a cut will likely see the most substantial increase, reaching about the peak of the bull market!
The second cut may also drive another wave, but I estimate that the second cut will not have a significant increase.
If there is no cut in September, then there is no need to worry; the bull market may last until the end of the year, or even into early next year.
Before that, it will be a time of frequent opportunities.
Seizing just one opportunity can yield significant results this round!
Follow Coin Sister, and navigate the crypto world without confusion! #美联储7月会议纪要
1. There is a high probability of a rate cut in September, but it's not set in stone. A few officials have mentioned that there won't be a cut, which has caused us to waver with this news recently.
2. Pay attention to Powell's speech at a central bank annual conference tonight (on the evening of the 22nd), as it may release policy signals. Of course, the most important factors will be the economic data at the end of this month and the economic data on the first Friday of September!
3. The specific time for the interest rate announcement is at 2 AM on September 18th! The fluctuations before this are expected to lead to a wide-ranging volatile trend! Can the bull continue? How will a rate cut affect it?
If there is a rate cut, the bull market is likely to last only within a few cuts.
Coin Sister personally estimates that there is a high probability of a 25% cut! It will be a gradual decrease.
After the rate cut, there will be a significant rise followed by a retreat. If the cut is made in increments of 25%, the first announcement of a cut will likely see the most substantial increase, reaching about the peak of the bull market!
The second cut may also drive another wave, but I estimate that the second cut will not have a significant increase.
If there is no cut in September, then there is no need to worry; the bull market may last until the end of the year, or even into early next year.
Before that, it will be a time of frequent opportunities.
Seizing just one opportunity can yield significant results this round!
Follow Coin Sister, and navigate the crypto world without confusion! #美联储7月会议纪要
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Does this software require a VPN to use?
Yesterday it was mentioned that Bitcoin has shown signs of being oversold, and the probability of scenario 1 occurring is relatively high.
However, last night Powell's dovish turn led to a rapid rebound in Bitcoin, forming wave B, which validated my judgment.
Nevertheless, Powell's dovish stance is a medium to long-term positive; currently, it is just news-driven stimulation, and in the short term, it cannot bring incremental funds to the market. Therefore, the sustainability of the rebound remains in doubt, and chasing the rise at this moment carries considerable risk.
However, last night Powell's dovish turn led to a rapid rebound in Bitcoin, forming wave B, which validated my judgment.
Nevertheless, Powell's dovish stance is a medium to long-term positive; currently, it is just news-driven stimulation, and in the short term, it cannot bring incremental funds to the market. Therefore, the sustainability of the rebound remains in doubt, and chasing the rise at this moment carries considerable risk.
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Naked K technology analyzes Bitcoin, don't miss it as you pass by. The market is just as expected yesterday. After the daily line closes, the support has slightly broken, it's ambiguous, does it count as a break? If the daily line closes up today, it won't be considered broken. Waiting for the daily line takes too long; if a big bullish candle appears today, then the long position would have missed too much.
No problem, let's take a look at the lower time frame to see if we can find opportunities in advance. The lower time frame of the daily line is the 4-hour chart. Why look at the 4-hour chart? The answer is that every trend, whether up or down, will have a consolidation phase beforehand, which is to form a top or bottom structure. Only after the structure breaks will the trend begin. It is obvious from the chart that the double top structure in the upper left has broken, and a downward trend has encountered support here. To rebound and achieve an upward trend on the daily line, there must be a bottom structure on the 4-hour chart, and only after the structure breaks, that is, after breaking the neckline, will the upward trend begin. Tops and bottoms correspond to each other, and the parts outside the tops and bottoms represent the trend.
How is the 4-hour chart performing? It is very clear on the chart that after closing at 12 o'clock, it has stood above the left opening price, and after closing, it is a very good right-side opportunity. Why emphasize that it must stand above that price? In a trend, sometimes there will be an 'N' shape, which everyone knows. In an upward trend, it breaks the left high and then retraces; in a downward trend, it breaks the left low and then pulls back. So it is crucial to emphasize that it must stand above the left low. If it doesn't stand above, it would just be a break and pullback, continuing to decline, right? What is meant by standing above here, including breaking through, refers to the entity opening price of the candlestick, not the shadow. As for how far this wave can rise, you can refer to my article from yesterday.
No problem, let's take a look at the lower time frame to see if we can find opportunities in advance. The lower time frame of the daily line is the 4-hour chart. Why look at the 4-hour chart? The answer is that every trend, whether up or down, will have a consolidation phase beforehand, which is to form a top or bottom structure. Only after the structure breaks will the trend begin. It is obvious from the chart that the double top structure in the upper left has broken, and a downward trend has encountered support here. To rebound and achieve an upward trend on the daily line, there must be a bottom structure on the 4-hour chart, and only after the structure breaks, that is, after breaking the neckline, will the upward trend begin. Tops and bottoms correspond to each other, and the parts outside the tops and bottoms represent the trend.
How is the 4-hour chart performing? It is very clear on the chart that after closing at 12 o'clock, it has stood above the left opening price, and after closing, it is a very good right-side opportunity. Why emphasize that it must stand above that price? In a trend, sometimes there will be an 'N' shape, which everyone knows. In an upward trend, it breaks the left high and then retraces; in a downward trend, it breaks the left low and then pulls back. So it is crucial to emphasize that it must stand above the left low. If it doesn't stand above, it would just be a break and pullback, continuing to decline, right? What is meant by standing above here, including breaking through, refers to the entity opening price of the candlestick, not the shadow. As for how far this wave can rise, you can refer to my article from yesterday.
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