Following the rhythm of the market is very important.
When BTC reached 38414 a few days ago, it opened a downward correction on the hourly level. According to the market at that time, it was expected to have a 4-hour downward correction, so shorting was the main strategy. However, after the end of the downward segment on the hourly chart, a new high was reached in the upward segment (according to the usual expectation, a secondary sell-off would occur). But during the extension of the upward segment on the hourly chart, it was felt that there might be a new high, which was also the title of yesterday's article, expecting a breakthrough of the previous high.
Despite the breakthrough of the previous high, it will not affect our overall market judgment: it is expected to have a 4-hour level correction. We are back to the rhythm of the correction. The market's ups and downs have given us two profitable segments.
Let's continue to look at the market.
4-hour level:
Continuing the analysis from November 25, it is expected that there will be a correction at the moment, forming the second center of the 4-hour level, and then continue upward. Whether the next upward segment will break the previous high or form a secondary sell-off is not necessary to predict at the moment. The selling point of the end of the segment appears, and selling can be done.
Hourly level:
At the moment, the hourly level is about looking for a correction, focusing on finding selling points on smaller levels, such as the 15-minute level or 5-minute level for shorting. After the end of the downward segment, reduce the short position, and then short again at the position of the secondary sell-off.
The expected correction in the market will last for at least about 1 week.
It is very important to follow the rhythm of the market. Before leaving the 4-hour level, there will definitely be a deep correction in the downward segment. At this time, one should not panic. One is to short appropriately to accumulate chips for the long position of leaving the segment, and the other is to gradually understand the rhythm of the market. When to go long, when to go short, and how much position to operate, etc.
Brief explanation of terms:
Level: A unique concept in the Chande system, representing the market in two dimensions of time and space. The larger the level, the longer the time and the greater the fluctuation space, generally including 4-hour level, 1-hour level, 30-minute level, etc.
Trend type: Divided into consolidation and trend, with upward and downward trends; each level has corresponding trend types
Segment: The trend type of the sub-level, "a segment of a certain level" specifically refers to a segment
The views in the article are for learning reference only and do not constitute investment advice.
If you want to systematically learn the Chande system, use the Chande automatic drawing tool, participate in the Chande offline training camp, improve your trading skills, form your own trading system to achieve a stable profit target, and use Chande technology to timely escape the top and bottom. You can scan the following QR code to add the WeChat account (vhenrythu) for consultation and learning exchange!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
