Analysis of the market on 10.27: BTC is trading sideways at a high level, has the uptrend come to an end?

CN
1 year ago

BTC has been maintaining a high-level oscillation between 33,000 and 35,000 after violently rising to 35,280 on the 24th. Various technical indicators are also being repaired, and the current price is 34,150.

Observing from the perspective of the larger-scale coil structure, the upward departure segment on the daily chart has evolved from a potential bearish divergence to not being a bearish divergence, indicating that there is no selling point on the daily chart. The current oscillation and pullback are only triggered by selling points on the 30-minute and lower levels. Therefore, the uptrend will not end until a range-bound structure appears in the upward departure segment on the daily chart.

First, looking at the daily chart, it is clear that the ongoing upward departure segment has already exceeded the height of the entering segment in terms of the MACD yellow and white lines. After the yellow and white lines are pulled up high, there will be a retrace to the zero axis, which is the process of constructing a sub-level coil. This account provides the probable future trend of the daily upward segment: after the completion of the pen coil construction, it will break through to a new high again, forming a trend divergence within the pen coil of the daily upward segment, and then move downward for a period.

Combining this with the observation of the 4-hour chart, the pen coil structure within the daily upward segment corresponds to the central coil of the 4-hour chart. A new 4-hour level coil will be constructed here, completing the trend divergence structure, and the trend will end perfectly. The construction process of the 4-hour coil structure will take at least one to two weeks. The current trading opportunity is waiting for the appearance of a third buy on the 4-hour chart to replenish positions.

If you are interested in the coil theory and want to obtain learning materials for free, watch public live broadcasts, participate in offline coil theory training camps, improve your trading skills with coil theory, and build your own trading system to achieve a stable profit target, use coil theory techniques to timely exit at the top and buy at the bottom, you can scan the code to follow the public account and privately message to obtain and add the WeChat of this account to join the group for learning!

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